Despite the wonderful peace of mind that comes with owning a home free and clear, deciding to pay off a low-interest rate mortgage early is not always straightforward. If your mortgage rate is low compared to risk-free investment returns, keeping the mortgage and investing excess cash elsewhere often makes more financial sense. What Is Considered … Read more
A reader asks: I’m 46 and plan to retire by 55. I’ve calculated that I’ll reach my retirement number in another 6 years giving me a decent buffer for retirement. I have a $500k mortgage at 5.625% with 28 years left. I’m comfortable with debt and don’t see a big concern. I agree with your … Read more
Image Source: 123rf.com While climbing the corporate ladder is good for some people, it isn’t what everyone has their sights set on for their career. That said, many people wind up setting vague goals, but they don’t have a clear plan on how to make their dreams come true. These seven steps will help you … Read more
A reader asks: If Bill Sweet’s favorite topic is Roth IRA’s/401K’s, I’d bet his second favorite is tax gain harvesting (in a taxable account). For 2024, individuals with taxable income below $47,025 ($94,050 for married couples) pay 0% tax for long-term capital gains (LTCG). In years when you’re under the threshold you could effectively lock … Read more
Jan 03, 2025Ravie LakshmananTechnology / Data Privacy Apple has agreed to pay $95 million to settle a proposed class action lawsuit that accused the iPhone maker of invading users’ privacy using its voice-activated Siri assistant. The development was first reported by Reuters. The settlement applies to U.S.-based individuals current or former owners or purchasers of … Read more
