Retirement Planning Considerations - Being child-free provides greater flexibility in retirement planning [1] - Child-free individuals need to consider healthcare and estate documents differently [1]

Alternative Investments in 401k Plans - The executive order aims to facilitate access to alternative investments like real estate, cryptocurrency, or private assets within 401k plans [1] - Private assets refer to privately held companies, which constitute the majority of businesses in America [1][2] Financial Planning Considerations - Individuals should assess their current 401k plan, contribution levels, and company matching contributions before considering alternative investments [2][3] - It's crucial to understand financial goals, desired retirement age, and estimated retirement income needs [3] - Ideally, retirement contributions should range from 15% to 20% of gross pay [4] - Maximizing company matching contributions is essential as it represents "free money" [4] Prudent Investment Approach - Before exploring alternative investments, ensure a thorough understanding of the existing 401k plan's contents and contribution strategy [4] - Verify whether the current plan adequately supports the achievement of long-term financial goals [4]

Personal Finance & Budgeting - For a single adult with an average US salary of $60,000 per year, resulting in approximately $3,800 per month after taxes, budgeting should allocate about one-third for housing, 15% for food, 10% for transportation, 5% each for utilities and healthcare, and 15% for savings and investments [8][9][11][12][13] - Financial experts recommend aiming for as much as 50% of income in savings for single adults to prepare for future family expenses [16] - Upon retirement, lifestyle costs generally decrease, allowing for increased discretionary spending and reduced savings, although healthcare costs may increase [18][19][20] Remote Work Incentives - Some cities and states are offering financial incentives, ranging around $10,000 to $12,000, plus additional benefits like housing assistance and co-working spaces, to attract remote workers and revitalize their communities [4][5][6] - Tulsa Remote program offers a $10,000 incentive, housing assistance, co-working space, and community-building efforts to encourage remote workers to relocate and stay in Tulsa [6] Medical Debt & Credit Reports - A proposed rule to remove medical debt from credit reports, potentially wiping $49 billion off the credit reports of about 15 million Americans and increasing their credit scores by an average of 20 points, was blocked by a judge [33][34] - Medical debt under $500 is not reported, and 14 states have provisions to remove medical collection debt from credit reports [36] - Medical debt must be one year old before it shows up on credit reports [36] - Paying a medical bill, even after it has gone to collections and appeared on a credit report, will result in its removal from the credit report [51] - Credit card interest rates are high, ranging from 25% to 30%, and using a credit card for medical debt can remove medical debt protections [45] Investment & Retirement - The Federal Trade Commission (FTC) reported that Americans lost $125 billion to fraud in 2024, affecting over 25 million people [21] - Executive order opens the door for retirement savers to invest in alternative assets like crypto and private equity within their 401k plans [29] - Fidelity estimates that a 65-year-old retiring in 2024 could expect to spend $172,500 out-of-pocket on healthcare costs throughout retirement [58]

“Die with zero” encourages spending money to enjoy life before retirement, rather than hoarding wealth. Here are some of the benefits and drawbacks of this strategy and how to make it work for you. https://t.co/oaykNDPYF9 ...

Retirement Planning - Opening an individual retirement account (IRA) helps save tax money today and save for tomorrow [1]

Retirement Planning - The financial industry focuses on whether a librarian can afford early retirement in a continuing-care community [1] - The industry suggests consulting a financial advisor for retirement planning [1]

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After people retire, they often think about downsizing—moving to a smaller place. Here are four other kinds of downsizing that can help you live your best life.https://t.co/nskXUikFvH https://t.co/lJr58BXb3x ...