This BiggerPockets listener came into $400K, but has no 401(k) savings — is passive income from real estate investing the right move?

Meyer noted that with $400K, this can lead to $50K to $60K in passive income each year, which is “retirement for a lot of people” once you factor in Social Security. He also cautioned that anyone ...

This Philadelphia woman's insurer denied her coverage for her medication, so she turned to AI to build an appeal — and won. Would you try it?

But back in April, when she went to refill her prescription, she was told it was no longer covered by her health insurance, according to the broadcaster. That’s because the drug contains ...

Michigan woman hesitant to give up coveted 2.8% mortgage rate to move in with husband of 3 years — why The Ramsey Show tells her it’s a no-brainer

On a recent episode of The Ramsey Show, hosts John Deloney and Ken Coleman gave similar advice to Lauren in Detroit, Michigan, who is moving in with her husband after three years of marriage. He rents ...
moneywise

Want to avoid headaches in retirement? Don’t overlook these time sensitive decisions — they sneak up fast and could cost thousands if ignored

Converting pre-tax retirement accounts to a Roth IRA can be a smart move for tax planning, but timing is crucial. Large conversions can trigger IRMAA (Income-Related Monthly Adjustment Amount), which ...
moneywise

Elon Musk warns America will be ‘toast’ if 1 critical problem isn’t solved — and says US government is ‘basically unfixable.’ Protect your wealth now

Tesla CEO Elon Musk had quite a ride heading the Department of Government Efficiency — an initiative designed to slash federal waste. Speaking at the recent “All In Summit,” Musk described his stint ...

Dave Ramsey gives blunt advice to Wisconsin woman who made $1.1M trading stocks — why he tells her to change her strategy or risk losing everything

Diversification, on the other hand, spreads risk across many different investments, creating stability and reducing the chance of catastrophic losses. Ramsey recommended that Michelle sell the stock, ...

New benchmark tracking both public and private markets in 1 index the first of its kind, says Morningstar — what it means for investors of all types

Financial services firm Morningstar has launched a new benchmark — which it says is the first of its kind — that tracks 100 of the top public and private market companies in one index.

Trump abruptly axes obscure US trade rule after dubbing it a ‘catastrophic loophole’ — and it could end up costing Americans $10.9 billion

According to Pablo D. Fajgelbaum and Amit Khandelwal of the National Bureau of Economic Research, Trump’s executive order could cost U.S. consumers $10.9 billion, or $136 per family. The report also ...

My aunt drained my grandparents’ savings and racked up $30,000 debt on their credit cards, but they’re afraid to get her in trouble. What should I do?

Bria found out that her aunt, who lived with the elderly couple previously, defrauded them of thousands of dollars — and racked up thousands more in credit card debt. They receive calls from debt ...

Fare evasions cost NYC $1 billion last year — and now the MTA is fighting back. But even if it works, here’s why riders still end up paying for it

It's not as though the MTA isn't trying to enforce fare collection. During the third quarter of 2024, fare evasions resulted in 38,422 civil summonses — a number that remained high in the first ...

Angry Las Vegas homeowners say their million-dollar luxury homes are crumbling after just 5 years — buyer beware or the builder’s fault?

Willie Barron thought he had found his dream home when he purchased a $1.3 million property overlooking Lake Las Vegas. Five years later, he’s dealing with tilting floors, splitting walls, and the ...

NYC cracked down on Airbnbs 2 years ago — yet rent remains sky high for locals. Why experts say the ban hasn’t had the impact lawmakers intended

So, who profited from New York’s short-term rental ban? Hotels, which saw their average revenue per night jump 7% from 2023 to $283 per night. During the holiday season in Manhattan in 2024, the ...