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7 Tips to Help You Plan for Retirement

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Retirement planning is usually the most significant financial goal people will work toward. No matter where you are in your career, considering how to plan for retirement is essential so you can spend your golden years on your terms. Determine how much income you’ll need to plan for retirement.

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6 Commonly Overlooked Tax Deductions to Maximize Your Return

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“Can a dead person deduct medical expenses?” “Can ” These are just a few of the numerous requests Andy Phillips, director for the Tax Institute at H&R Block in Kansas City, Missouri, fields when tax time rolls around, as his clients muddle their way through what can and can’t count as a deductible expense.

Expenses 261
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The Biggest Financial Mistakes to Avoid in Your 20s

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A turbulent housing market: 2023 was the most expensive home-buying year in a decade. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds. He recommends identifying monthly core expenses and then identifying discretionary spending. “If

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Should I Use a Robo-Advisor to Manage My Investments?

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It often includes automatic rebalancing, tax-loss harvesting, retirement planning and picking investments. Although these services are usually more expensive than a straight robo-advisor, it’s still often less than meeting with a traditional financial advisor in person. You’ll also have to pay the fund’s expense ratios.

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8 Pieces of Financial Advice for New College Graduates

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After all, learning how to manage your finances before money mistakes happen can help you avoid easy-to-make slip-ups like dings to your credit score or an overdrawn bank account. You may need to create rules for yourself, like that a percentage of your paycheck needs to go toward retirement savings before you can buy something just for fun.

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What I Learned From Wearing the Same Outfit for 2 Weeks

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To learn about the curious malady known as “decision fatigue,” I was given a very simple assignment: Wear the same outfit and automate as many daily decisions as possible for two weeks, then write about whether it gave me more mental clarity. This was interesting to learn, and terrible for my science. That was it. Easy breezy.

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Investing Basics You Need to Understand

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Investing can be intimidating , especially if you have never learned the basics and how to invest. You may know the best way to reach financial security is to invest rather than save, but you need clarification about how to do it outside your company retirement plan. Buying individual stocks can take a lot of time.