Retirement Expenses - The BLS reports that retirees spent $60,000 per year in 2023 [1] Financial Planning - The report raises the question of whether individuals have sufficient funds to cover annual retirement expenses of $60,000 [1]

My name is Mike and I'm the author of The Dividend Guy Blog & The Dividend Monk along with the owner and portfolio manager here at Dividend Stocks Rock (DSR). I earned my bachelor degree in finance-marketing, own a CFP title along with an MBA in financial services. Besides being a passionate investor, I'm also happily married with three beautiful children. I started my online venture to educate people about investing and to be able to spend more time with my family. I started my career in the financial indu ...

In this eye-opening anniversary episode of Living Not So Fabulously, hosts John and David Auten-Schneider explore why so many Americans, especially in the LGBTQ+ community, are financially unprepared, how personal money stories shape financial behavior, and what real solutions exist. From failed 401(k)s to hidden discrimination in housing and banking, this episode gives practical advice and the financial wake-up call you didn’t know you needed. For full episodes of Living Not So Fabulously, listen on your f ...

Buying a $5 coffee isn’t ruining your future.Financing your entire personality probably is. ...

Personal Finance News - Changes to student loan repayment plans are coming [1] - An expanded tax break for homeowners is available [1] Financial Planning - Individuals should prepare their finances for the week ahead [1]

Financial Planning & Budgeting - The 65/20/15 rule suggests allocating net income into three categories: 65% for fundamental living expenses, 20% for fun spending, and 15% for future savings and investments [1][2] - Fundamental living expenses, including mortgage/rent, utilities, and groceries, should comprise approximately 65% of net income [1] - Fun spending, such as Glastonbury tickets or Pilates classes, should account for about 20% of take-home pay [2] - Savings, investments, and extra debt payments should make up the remaining 15% of net income, representing investments in the future [2] Adaptive Strategies - For individuals living paycheck to paycheck, the 65/20/15 allocation may need adjustment [3] - Even small savings, such as 2% or 3% of income, can help build a saving habit [3]

Retirees in 41 states and Washington, D.C. will run out of money in their lifetimes, according to a new analysis from Seniorly. https://t.co/RD1tHR9jwC ...

On this personal finance edition of Merryn Talks Money, our hosts provide sage advice on what not to do while traveling on vacation https://t.co/y0ggJzKKby ...

We put a lot of pressure on people today that as soon as they start working, they need to get onto that property ladder. But there's ways to build wealth that don't require you to be in the real estate game, including three numbers that everyone should know when it comes to their personal finance. 65, 20, 50.Just knowing that creates a better life for yourself because everything is trying to pull you away from your money. Cost of living going up, prices going up, fighting against marketing to keep your mone ...

Core Insights - The author transitioned from a traditional financial career to focus on personal finance education through online platforms [1] Group 1: Background and Experience - The author has a background in finance-marketing, holding a bachelor's degree, CFP title, and an MBA in financial services [1] - The author worked in private banking for five years before deciding to pursue a different path [1] Group 2: Career Transition - In 2016, the author left the financial industry to travel across North America and Central America with family, which was a transformative experience [1] - In 2017, the author quit the financial job to help others with personal finance through investing websites [1]