You’ve probably heard me rave about Realty Income, my go-to Real Estate Investment Trust (REIT). And there are plenty of reasons why I’m such a fan. They’re one of the few dividend Aristocrats out there, paying out monthly, boasting a solid track record since hitting the NYSE in ’94. Plus, they’ve never slashed dividends, kept a conservative payout ratio, and …
Money doesn’t buy happiness, but it sure solves your money problems. In 2018, I quit my job as a resident plastic surgeon and moved back home with my mom, like any successful 27-year-old would do. A year later, in mid-2019, I moved to Las Vegas, splitting a two-bedroom apartment with a friend. By early 2021, I bought my first home. …
The financial market has been abuzz with news suggesting a significant shift in the Federal Reserve’s stance on interest rates. Economists and market strategists are pointing towards a potential cessation of the Fed’s aggressive rate hikes, signaling potential boons for stock markets and retirement portfolios like your 401(k). The recent revelation that inflation has eased more than anticipated in October …
Meta-description: Exploring the viability of retiring on $90,000 annually with a $1 million savings and $42,000 Social Security income. Understand the factors affecting financial readiness and the significance of tailored planning for a comfortable retirement! Introduction Reaching the retirement phase nudges us to weigh financial stability carefully. It’s a juncture where planning becomes pivotal in shaping a cozy life after …
Long-term care for individuals in residential facilities like nursing homes presents a significant financial challenge for many families. When confronted with caring for a loved one who is disabled, elderly, or ill, families often exhaust all other avenues of long-term care before considering a nursing home. The complexity and costliness of nursing homes prompt families to explore alternative options like …
Meta-Description: “Discover the intricate tax implications surrounding a $1 million windfall. Explore diverse scenarios, understand key factors influencing taxes, and learn expert strategies for effective tax planning.” Introduction Receiving a hefty sum of $1 million sounds like hitting pay dirt, promising financial freedom on the horizon and a new round of opportunities. Yet, in the midst of celebrating such a …
Retiring at 40 with a nest egg of $2 million might seem audacious, yet it’s a plausible aspiration with the right approach and financial diligence. While this ambition demands a substantial income or diversified sources of wealth, accumulating $2 million in savings is within reach. This comprehensive guide will outline key strategies to optimize finances, prioritize savings, and amplify investments, …
