Healthcare costs have been a long-standing challenge for US retirees. Estimates show that the average retired couple at 65 could spend north of $300,000 on healthcare expenses in retirement. Meanwhile, the average retirement savings for married couples aged between 65 and 74 is around $609,230. Millions of retirees depend on their monthly Social Security checks … Read more
Tesla chief Elon Musk recently claimed while campaigning for President-elect Donald Trump that he is the largest individual taxpayer in history. Musk claimed he paid over $10 billion in taxes to the Internal Service Revenue (IRS). Jokingly, the billionaire said he wished the IRS would send him a trophy, even a small, inexpensive one that … Read more
Over 72.79 million Americans received some form of Social Security benefit in October, where the average monthly benefit stood at $1,787.08. The Social Security program serves as a crucial source of income for more than 54.15 million retirees across the country. While Social Security is designed to support retirement income levels, beneficiaries increasingly rely on … Read more
President-elect Donald Trump’s proposal to cut taxes on Social Security benefits could provide tax relief to millions of Americans, with significant savings for high-income earners. However, experts warn that the plan may have long-term consequences, potentially rendering the Social Security program insolvent within just six years. According to data from the Social Security Administration (SSA), … Read more
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
US Senator Marco Rubio, who could be the first Latino to serve as Secretary of State under President-elect Donald Trump’s administration, has a history of financial missteps that have come under the spotlight repeatedly over the years. Despite his role as a prominent political figure, Rubio’s handling of his finances—from questionable credit card practices to … Read more
In a recent interview on the Simply Digital podcast, billionaire real estate investor and entrepreneur Grant Cardone shared his insights on the fastest routes to earning $1 million, breaking down the paths to wealth in his typical direct and straightforward style. Known for his bold approaches in business, Cardone laid out what he sees as … Read more
Kevin O’Leary, famously known as “Mr. Wonderful” from Shark Tank, credits much of his financial wisdom to an unexpected source—his mother. Despite coming from a modest, middle-class background, O’Leary recently shared on his YouTube channel that his mother had secretly amassed significant wealth over 32 years through a disciplined investment and savings strategy. Her meticulous … Read more
Ryan Hogue, a former senior web developer and adjunct professor, has carved a path few expected, transforming his career from coding to generating a staggering $49,000 per month in passive income through multiple side hustles. Hogue’s journey began modestly in 2016 when he took on freelance coding projects for additional income. Now, having built nearly … Read more
Photos for illustration purposes only Skullman/Pixabay.com A woman ended her marriage with her wealthy husband of three decades and is exploring avenues to claim some of his Social Security benefits. In a MarketWatch post, she explained how she raised the children, supported her ex-husband’s career goals, and missed decades of work that has severely impacted … Read more
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