When it comes to building a strong financial foundation, money guru Dave Ramsey believes that age or starting late is not a factor – and that one can be stable with just a few, wise financial decisions. This is what Ramsey told a 50-year-old woman who has been widowed for 15 years, who recently called … Read more
Al Pacino, known for iconic roles in The Godfather and Scarface, had amassed substantial wealth throughout his five-decade career. But, as he approached his 70s, he found himself on the brink of financial ruin, losing an estimated $50 million due to a corrupt accountant’s mismanagement. In recent revelations, Pacino recounted the betrayal that left him … Read more
Financial Guru Dave Ramsey isn’t a fan of Social Security. He often describes the program as a “mathematical disaster” that “robbed” him of his own earned money for decades. US Social Security benefits help over 70 million people with monthly income, with the average check estimated to be $1,976 for all retired workers in January … Read more
Jeanne, a resident of Sandusky, Ohio, recently won $15 million through an Ohio Lottery 50th Anniversary scratch-off ticket. However, she ultimately took home only $5.4 million after taxes and her chosen payout option. Jeanne had a choice: receive $600,000 annually for 25 years, totalling $15 million, or opt for an immediate cash payout of $7.5 … Read more
Personal finance expert and former CNBC host Suze Orman told Benzinga last month that Americans planning for retirement should put as much money as possible into a Roth IRA account. Roth IRAs are individual retirement accounts that allow you to contribute post-tax money from your paycheck that grows tax-free. For 2024, the annual contribution limit … Read more
The number of people in the US looking for financial advice has soared since the pandemic and continues to climb rapidly. According to research from Statista, assets under management (AUM) in the US financial advisory market could reach $62.61 trillion in 2024 from $56.83 trillion in the year prior. More people seeking financial advice make … Read more
The pandemic has caused an increase in the number of people seeking financial advice in the US. Many seek help with repaying debt, budgeting, and retirement planning due to high living costs, slow wage growth, and economic uncertainty. Interestingly, even financial advisors face money challenges. Recently, financial guru Dave Ramsey shed light on how even … Read more
Seeking financial advice has been a growing trend in the US since the onset of the pandemic, which caused a recession, volatility in the stock market, and rising living costs. These factors compelled many to sort out their finances by connecting with financial advisors. However, finding the right advisor can be challenging, even if you … Read more
Susan, a stay-at-home mom, and Jeff, a surgeon, have worked hard for decades and are now worth over a million dollars. They have been married for 19 years and have two kids. As responsible parents, they signed up for long-term insurance policies, ensured their children had what they needed, and even partnered with a financial … Read more
