Author: MoneyMaven
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Retirement Withdrawal Strategies Demystified: A Guide for Savers
Image Source: 123rf.com After years of building your nest egg, knowing how to withdraw your savings is just as important as how you saved it. Retirement withdrawal strategies help ensure that your money lasts through your golden years while minimizing taxes and maximizing income. The right plan can prevent you from outliving your savings and…
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5 Used Cars That Look Great on the Lot—But Break Down Fast
Cars When shopping for a used car, it’s easy to get caught up in the excitement of sleek designs and shiny exteriors. The promise of a good deal and a car that looks fantastic on the lot can be tempting, but not every car that looks great is built to last. Some vehicles have a…
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Would $2M at 23 Make You “Set for Life”?
A few weeks ago someone tweeted out a video of Coleman Hawkins’, the star forward for the Kansas State Wildcats, breaking down about the pressure that was placed on him during the basketball season. The tweet read: i want to feel bad, but: coleman hawkins made $2 mil in NIL this year. he’s 23. he’s…
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3 Reasons Hand-Me-Downs are Not Just for Kids
As a kid I hated hand-me-downs. You know, the clothes, toys, or shoes that your older siblings would get brand new, but you’d receive after they outgrew them? Every pair of jeans seemed to have a whole in the knee, every shirt had something on the front that I would have never picked out, and…
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Revamp Your Finances: 6 Books That Teach You the Art of Saving Money
Image Source: Pexels With an endless amount of financial advice books published each year, who should you listen to? Some financial experts have better insights than others. We’ve done Here are 6 money saving books that are actually worth reading. 1. The Psychology of Money, by Morgan Housel Image Source: Amazon In The Psychology of…
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Revising the fair market value of a property for tax purposes
The proceeds are easy enough to determine based on the selling price and any selling costs, but the ACB can take a bit more work. You start with the acquisition cost, including closing costs, and add any renovations over the years. However, for someone who immigrates to Canada, the calculation is a bit different. Capital…
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Can You Remove an Eviction From Your Credit Report? Here’s the Truth!
Image Source: 123rf.com An eviction on your credit report can feel like a major financial roadblock to securing a new loan or renting a home. While you may believe that an eviction will leave a permanent mark on your credit report, this simply isn’t true. In many cases, an eviction doesn’t show on your credit…
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moomoo Offering 8.1% APY On Your Univested Cash
When it comes to building wealth, locking in a high rate of return is appealing. In general, savers and investors have to take on a higher level of risk in order to unlock potentially higher returns. But with moomoo’s current offer, you can earn up to 8.1% Annual Percentage Yield (APY) on your uninvested cash.…
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Silence Can Be Costly: 6 Ways to Help a Loved One Face Hearing Loss
Krakenimages.com / Shutterstock.com Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. Hearing impairment often progresses so subtly that individuals don’t grasp its full impact for a long time. Signs such as frequent requests for repetition,…
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Stagflation Is Worse Than A Recession: Here’s How To Prepare
Stagflation is a rare and challenging economic condition where slow or stagnant growth, high unemployment, and persistent inflation occur simultaneously. Typically, inflation rises when an economy is expanding and demand is strong, while recessions tend to bring lower inflation due to weaker demand. Stagflation defies this pattern, making it particularly difficult to address with traditional…