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In the 20th century model of retirement, people saved a nest egg over the course of a 40-50 year career. They then gradually spent down that nest egg in retirement and hoped they didn’t run out...
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What’s up, BiggerPockets? Alex Felice here! On this episode of “Meet the Investors,” we’re going to talk to a guy who is renting his properties out by the room—something we haven’t talked about in the series...
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You know all the common savings tips: cut the cord on cable and your landline phone, pack your own lunch for work, stop buying $5 Starbucks lattes, quit smoking, have your spouse cut your hair.
All good...
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Is 2021 the year you become a homeowner? Or make that long-overdue trade up to a larger home that fits your growing family?
Buying a home is the largest financial transaction and the largest asset most Americans...
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As a real estate investor, choosing a financial planner can be a daunting task. More often than not, you’ll be met with confused, deer-in-headlights stares if you try to bring up your real estate investments in...
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Taxes. While we don’t have a choice in paying taxes, we can, however, legally shelter some of that income from escaping our pockets. One way includes the self-directed IRA.
An IRA is an individual retirement account. If...
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In finance, portfolio diversification is the way to grow and protect your assets. Though diversification is typically understood as holding different types of investments or employing different investment strategies, it is still more than possible to...
You’ve just had a child or you’re watching your child grow up—and the specter of college lingers in the back of your mind. How do you start saving for college? What vehicles exist? How much should you save?
The most...
According to the National Endowment for Financial Education, about 70% of people who win the lottery or receive a large windfall (e.g., court settlement, insurance claim, etc.) go bankrupt within a few years. This shouldn’t be surprising since financial...
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Getting laid off is never fun, whether you’re prepared for it or not.
I’ve been laid off twice. The first time was unexpected and very financially troubling. The second time, I was far more prepared and was...