Jocelyn Elizabeth never expected a $5 church lamp to change her life. In 2011, the Pennsylvania mom was working part-time as a marketing manager when her dad showed her a lamp he found at a church yard sale and noticed a similar lamp was listed for $70 on eBay, according to CNBC Make It. The … Read more
Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. With the youngest baby boomers now 61 years old, much of the generation is already retired or approaching retirement. However, the data shows that many have inadequate savings and may struggle to maintain their standard of living. In … Read more
The Trump administration is taking a tougher stance on Americans with student loan debt, and borrowers are feeling it from both sides. On the one hand, the US Department of Education has curbed income-based reimbursements (1). In August alone, 327,955 applications were denied, according to a December 15 court filing (2). For borrowers who counted … Read more
Every time they open enrollment in Medicare, millions of older adults struggle with the same annual dilemma: stay with their current plan or switch. Two influential voices—comedian John Oliver and personal finance expert Suze Orman—are making a strong case for ditching Medicare Advantage (MA). When high-profile figures offer such strong advice, it can be hard … Read more
Reading the nation’s wealth statistics can cause financial anxiety. After all, mainstream statistics suggest that being a millionaire in America is relatively common. More than 24 million US households have a net worth of more than $1 million, according to Bloomberg. (1) That is more than 18% of all households. (2) On the surface, it … Read more
If you have $2 million in retirement savings, congratulations. That’s well above the $1.26 million Americans, according to Northwestern Mutual, think they need to retire comfortably. (1) At this point, you’ve probably overcome the challenge of saving enough. Now your next mission is to preserve the wealth. Higher taxes and poor lifestyle choices can quickly … Read more
After a long and tiring search, Rodrick Covington finally found an apartment he loved in the Harlem neighborhood of New York. But, as is the case for many Americans, he couldn’t afford the rent. Undeterred, the 45-year-old fitness trainer and actor came up with a creative solution that helped him get the apartment he wanted … Read more
People are rarely made overnight. Instead, it usually happens gradually as a series of bad financial decisions accumulate. Few of us can afford to make many financial mistakes. This includes relatively high incomes. According to YouGov, 36% of US adults earning more than $100,000 a year struggle to make ends meet. (1) Meanwhile, a Harris … Read more
The death of a parent is a difficult time that brings out strong emotions and highlights any family conflict. Add to that the distribution of assets and there is a strong potential for family conflict – even more so when the executor is not up to the task. Consider the hypothetical case of Jessica in … Read more
Chandan Khanna/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. As the co-founder of PayPal and the first outside investor in Facebook, Peter Thiel is widely recognized for his technology expertise. But now the billionaire venture capitalist is sounding the alarm on an entirely different sector: … Read more