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Latest reporting and analysis tagged with financial advice.
Chelsea Fagan discusses eight often-overlooked aspects of building wealth, emphasizing major expenses over minor ones, resisting lifestyle inflation, and the importance of income growth and long-term investing.
A financial advisor responds to a reader's question about converting a traditional IRA to a Roth IRA, discussing tax implications, Social Security, and required minimum distributions.
Experts discuss debt consolidation's potential benefits like lower rates and simplified payments, but warn of upfront costs and risks for those with poor credit.
David Kimball, chairman and CEO of Prosper, comments on personal loan advantages and drawbacks, noting they are not a one-size-fits-all solution.
Personal finance expert Dave Ramsey criticized widespread financial advice as misleading, citing historical inflation and income data to argue economic conditions are manageable.
Individuals with $1 million saved for retirement face potential tax burdens from common 'safe' moves. Financial advisors and tools can model long-term outcomes.
A financial advisor recommends allocating over 50% of a portfolio to annuities, prompting a discussion on the appropriateness of such a high percentage based on individual circumstances.
Morningstar's Christine Benz details an eight-step process for reviewing investment portfolios, covering documentation, savings rates, asset allocation, and tax efficiency.
A 62-year-old with $890,000 in a 401(k), $115,000 in a Roth IRA, and Social Security eligibility can generate sufficient income for retirement, with options varying based on claiming age and investment strategy.