What are the best practices to ensure your financial foundation is both resilient and rewarding? Forbes Contributor True Tamplin shares nine steps toward financial security.Read more: https://t.co/Jhy2DV9wjc https://t.co/eywdas8hBK ...

People are prioritizing two things over financial planning—and it might not be what you expect. Saving and investing are important, but so are these things—do you agree? https://t.co/vPpnMADrEu ...

Core Insights - A couple in their late 20s is taking on a $560,000 mortgage with a $4,038 monthly payment, which is half of their net income of $8,100 [1][2] - They have minimal savings left after a 20% down payment, with only $5,000 remaining for unexpected expenses [2][5] - The couple's long-term financial plan relies on an expected income increase of at least $50,000 from the wife's PhD completion [4] Financial Situation - The couple's combined income is $146,000, with only a $90 student loan and a $220 car payment as debts [2] - Monthly expenses, including mortgage, insurance, taxes, and HOA fees, are straining their budget [2][5] - After routine spending, they have about $1,000 left each month, which may not cover unexpected repairs [5] Property Details - The townhome is 1,800 square feet, located near a metro stop, and has multiyear warranties [3] - Similar homes in the development are listed for up to $1.2 million, making their $700,000 purchase competitive [3] Future Considerations - The couple plans to wait several years before having children, depending on the wife's income increase [4] - The employer contributes 21% to their retirement account, which could serve as an emergency option if needed [4] Community Feedback - Commenters express concern about the couple's financial tightness, noting that the monthly payment is a significant burden [6] - Suggestions include being conservative with spending until the anticipated income increase occurs [6]

Core Insights - Many individuals mistakenly believe their financial situation is satisfactory until they uncover significant gaps that can lead to financial losses, wasted time, and stress [2] - Common financial mistakes include lack of a cohesive investment strategy, neglecting tax implications, and failing to maintain an updated estate plan [2][8] Group 1: Investment Strategy - A prevalent mistake is building a portfolio without a comprehensive plan, leading to investments that are poorly aligned with personal financial goals, resulting in high fees and low tax efficiency [3][4] - The recommended approach is to establish a financial plan that outlines risk tolerance and time horizon, followed by an investment policy to guide asset allocation [4] Group 2: Tax Considerations - Tax inefficiencies often arise from having actively managed funds in taxable accounts, which can lead to unexpected capital gains due to large dividend payouts [5] - Transitioning these investments to tax-advantaged accounts or opting for more tax-efficient funds can help retirees retain more of their earnings [5] Group 3: Retirement Accounts - Individuals frequently overlook old 401(k) accounts from previous jobs, which may carry high fees and suboptimal investment options [6] - Consolidating these accounts can simplify performance tracking, reduce fees, and maintain a consistent investment strategy [6] Group 4: Estate Planning - Neglecting to update estate plans is a common oversight, with many clients lacking a current and properly executed estate plan [9] - It is crucial to ensure that wills, trusts, and powers of attorney reflect current wishes and are effectively implemented [9]

Core Insights - David A. Johnson is the founder and principal of Endurance Capital Management, specializing in various investment vehicles including stocks, bonds, options, ETFs, REITs, real estate, closed-end funds, hedge funds, and private credit [1] Group 1 - David A. Johnson has over 30 years of experience in investing and holds a Master of Science (MS) Degree in Finance with a concentration in Investment Analysis from Boston University [1] - He also possesses a Certificate in Financial Planning and an MBA from Fordham University [1]

Explore why many high-earners, including those making more than $300k, live paycheck to paycheck and can't save regularly due to competing financial priorities. https://t.co/u35PDoxoJK ...

RT Kurt Supe, CPA & Retirement Planner (@KurtSupeCPA)Your son makes $92K and just turned 40 in a rental apartment.You have $5.1M collecting dust.Explain that to me.My client watched this happen for 3 years."I don't want to enable him."Enable him to what? Own a home?Stop bleeding $2,800/month in rent?Give your grandkids their own bedrooms?We finally structured a $225K gift last month.Now his son owns a home. The grandkids have a yard. And he gets to hang out with his grandkids in a space they'll remember for ...

Welcome to Mind Your Money. I'm Broo Dama and this is Yahoo Finance's [music] flagship personal finance show. Think of this as your financial toolbox.For the next 30 minutes, we'll give you the latest money [music] news, cut through the jargon, and tap into expert advice, all designed to help you take [music] control and build a stronger, healthier financial future. On today's show, we're covering all things holiday [music] spending. First, we let you know whether using a travel credit card can actually hel ...

RT Kurt Supe, CPA & Retirement Planner (@KurtSupeCPA)Your son makes $92K and just turned 40 in a rental apartment.You have $5.1M collecting dust.Explain that to me.My client watched this happen for 3 years."I don't want to enable him."Enable him to what? Own a home?Stop bleeding $2,800/month in rent?Give your grandkids their own bedrooms?We finally structured a $225K gift last month.Now his son owns a home. The grandkids have a yard. And he gets to hang out with his grandkids in a space they'll remember for ...

Core Insights - The Coldwell Banker 2025 American Dream Report reveals that 71% of potential homebuyers are delaying significant life events to prioritize homeownership, with a notable impact on Gen Z, where 84% are postponing important decisions [1][2][3] Group 1: Homeownership's Impact on Life Milestones - Homeownership is seen as a foundation for long-term stability and wealth, influencing the timing of major life milestones such as marriage and having children [2][3] - Many younger individuals misunderstand the requirements for entering the housing market, leading to unnecessary delays in homeownership [3][4] Group 2: Strategies for Achieving Homeownership - Building a home-buying team early can help align life goals with homeownership aspirations, including consulting with mortgage lenders and real estate agents [6][7] - Creating a flexible financial plan with separate savings "buckets" for different goals can facilitate simultaneous progress towards homeownership and other life milestones [9][10] - Co-ownership options, such as joint mortgages with family or friends, can make homeownership more accessible and affordable [12][13] - Redefining what constitutes a "starter home" can allow for quicker entry into the housing market, focusing on more affordable options [15] - Geographic flexibility, including moving to more affordable areas, can significantly reduce costs and expedite homeownership [16][17] Group 3: Financial Preparation and Milestone Sequencing - Strengthening financial profiles through credit score improvements and debt management can enhance mortgage qualification chances [20][21] - Sequencing major life milestones without prioritizing homeownership first allows for a more balanced approach to achieving personal and financial goals [23][24] - Preparing for a longer home-buying journey while continuing to pursue life goals can build a solid financial foundation and readiness for homeownership [25][26]