4 Strategies To Try If You Need Extra Money From Your Investments | Smart Change: Personal Finance

(Sam Swenson, CFA, CPA) When it comes to success long term investmentIt’s good to focus on it full back: Combine price hikes and dividends. However, there are times when you might consider optimizing your cash flow instead. If you have upcoming liabilities that cannot be covered by your job income alone — such as an … Read more

The surprising truth about the future of Social Security | Smart Change: Personal Finance

(Selina Marangian) Here are some scary headlines you may have come across that give the impression that Social Security is on the way to becoming a thing of the past: “Social Security is expected to be insolvent a year earlier than previously expected” (New York times, 2021) “Why is Social Security running out of money?” … Read more

Plan to rewrite your retirement strategy over time | Smart Change: Personal Finance

(Adam Levy) If you wrote a financial plan when you were 18, would you expect it to fit right into your life when you were 40? Mostly not. Your life at age 40 is likely to look very different than what you imagined at age 18. Moreover, it is very likely that the financial markets … Read more

Better Buy: Tesla Stock or Nasdaq Fund? | Smart Change: Personal Finance

(Mark Blank) after, after Tesla‘s (NASDAQ: TSLA) A recent 3-for-1 stock split, you might be wondering if now is the perfect time to buy Elon Musk’s dynamic electric vehicle (EV). The split was not beneficial to the stock; Its price has fallen by almost 10% since its entry into force. But this drop likely has … Read more

How to Retire with $1.2 Million on a $58,000 Salary | Smart Change: Personal Finance

(Mark Blank) The average annual salary in the United States, according to the Bureau of Labor Statistics, is $58,260. While this number has been steadily increasing over recent years, depending on where in the country you live, this number may seem very low. So, can you really retire comfortably if you’re a middle-income earner? The … Read more

Is a brutal Social Security increase on the way? not necessarily | Smart Change: Personal Finance

(Keith Spetses) Big, gigantic, huge, massive. Pick one of these adjectives, and you’ve probably seen it used to describe the upcoming Social Security Cost of Living (COLA) adjustment. Some expected an increase of about 11%. If that happens, it will be the third highest rate of cola in history. Is a massive Social Security increase … Read more