Image Source: 123rf.com After years of building your nest egg, knowing how to withdraw your savings is just as important as how you saved it. Retirement withdrawal strategies help ensure that your money lasts through your golden years while minimizing taxes and maximizing income. The right plan can prevent you from outliving your savings and help you keep more of what you worked so hard to build. From understanding required distributions to tapping different accounts at different times, there’s more to it than simply cashing out. This guide breaks down the key methods in simple terms. Here’s what every retiree…

Image Source: Pexels There are many pros and cons to early retirement, some of which are more substantial than others. If you’re considering retiring early, it’s best to weigh the pros and cons and carefully consider the quality of life you’d like to have in your golden years. Here are eight pros and cons of early retirement for your consideration. 1. More Free Time One of the major advantages of retiring early is having more time for the things that bring you joy. This may mean more time for friends and family, time to travel, or more time for your…

Image Source: 123rf.com Online investment platforms promise convenience, low fees, and the power to grow your money with just a few taps. But behind the sleek interfaces and aggressive marketing, many of these platforms come with hidden risks. While not all digital investment tools are scams, there are valid reasons to think twice before handing over your financial future. From limited regulation to poor transparency, trusting these platforms blindly can lead to costly mistakes. Before you click “invest,” it’s important to know what you’re really signing up for. Here are 10 reasons why online investment platforms may not be as…

Image Source: 123rf.com Financial literacy is often promoted as a must-have subject in schools, right up there with math and science. But not everyone agrees that classrooms are the right place for it. While most people assume teaching money skills will lead to better financial outcomes, critics argue that the topic is more complex than it appears. From curriculum overload to social inequality, there are real concerns behind the pushback. These opinions may be unpopular, but they’re worth examining. Here are six controversial takes on why financial literacy shouldn’t be taught in schools. 1. It Won’t Fix Systemic Problems Teaching…

In April 2, 2025, President Donald Trump declared “Liberation Day” and announced a comprehensive set of tariffs aimed at reshaping U.S. trade relationships and bolstering domestic industries. The new policy introduces a universal 10% tariff on all imports, with significantly higher rates for specific countries and products. China: An additional 34% tariff on imports, cumulatively resulting in a 54% duty on certain goods. European Union (EU): A 20% tariff on goods. Japan: A 24% tariff on imports. Automobiles:A 25% tariff on all foreign-made cars.​ President Trump framed these measures as a “Declaration of Economic Independence,” asserting that they are necessary…

Gold Tax in India 2025- What are the tax implications for Physical Gold, Gold ETFs, Gold Mutual Funds, and Sovereign Gold Bonds? Gold has historically been a fundamental element of investment portfolios in India, valued for both its cultural importance and its function as a safeguard against economic fluctuations. The Union Budget of 2024 has brought significant alterations to the taxation structure related to gold investments, affecting multiple formats including physical gold, Gold ETFs, Gold Mutual Funds, and Sovereign Gold Bonds (SGBs). This article explores these modifications and clarifies their consequences for investors. Gold Tax in India 2025: How Much…

Image Source: Pixabay Editor’s Note: At the end of this article are actions you can take to safeguard your finances and advocate for Social Security. Since its inception 85 years ago, the Social Security Administration (SSA) has never missed a payment to beneficiaries. However, the hatchet job the Department of Government Efficiency (DOGE) has taken on the agency puts that record in jeopardy.  Martin O’Malley, Social Security commissioner under President Joe Biden, has predicted that the system will break down, resulting in payment interruptions. “Everything they’re doing is driving this agency to system collapse,” O’Malley told CNN. “It will lead…

Image Source: Pexels Credit scores significantly impact financial decisions, from loans and credit cards to housing. But is this system truly fair? Does your credit score accurately reflect your creditworthiness? Maintaining a high score requires effort, yet it can be easily damaged, raising concerns about its reliability as a lending metric. While various scoring models exist, the most common are the FICO Score and VantageScore, each using different, often opaque algorithms. This lack of transparency leaves many questioning the fairness of the system. The Case for Credit Scores Proponents of credit scores say that they are a fair data driven…

Man taking money from cash machine outdoors, closeup view. Many ATMs across the country will only give out 20-dollar bills. If you’re withdrawing a large sum of money, this can be pretty inconvenient. Nothing is more frustrating than trying to shove a huge stack of small-dollar bills into your wallet or purse. Instead of settling for a wad of twenties, we recommend going to an ATM that dispenses large-dollar bills instead. If you need to make a big withdrawal soon and are wondering which ATMs give 100-dollar bills, read on to view our list of banks below.  Chase  On its…

Image Source: Pexels Eliminating the penny has been up for debate for many years. Considering it costs the Treasury Department more to mint the coin than it is worth has deemed the currency has been deemed inefficient. Plus, many have cited environmental concerns, which add to pollution issues. However, completely eliminating the coin may have consequences as well. The debate continues to be heated on both sides. But, other countries have successfully eliminated their lowest coin currency or penny. The question is whether the United States could eliminate the penny with similar results. Australia and Canada as an Example Australia…