If you’re credit cards are maxed out and you are just making the minimum payments each month, you are still doing better than a large pool of people who are in the payday loan debt spiral with interest rates of 500% instead of 30%. Once your credit is ruined you are far worse off.

I wish American Express had a definitive list of lounges for Platinum card holders. Of course there are the Centurion lounges, but there are also Escape lounges (such as at Oakland, CA airport), Delta, and several others that can be accessed free by presenting the Platinum card, but are not part of Priority Pass. Just…

Author Carl Richard calls this the “behavior gap.” There are plenty of years where the market returned 10% but the average investor earned only 5%. Even Vanguard in 2012 was predicting mediocre returns in upcoming years... but the market has doubled since then. There is no accountability for pundits who continue to…

The RothIRA website is incorrect about the tax-free gift limit of $15,000. You can still gift more than this to a single recipient in one tax year, but it must be reported on IRS Form 709 and the overage is deducted from your lifetime estate tax exemption.

I would prioritize investigating and gaining online access to your current 401(k) to see what it’s being invested in, what the management fees are, and whether you can change to a low-fee index fund of the whole U.S. stock market or S&P 500.

You are already ahead of the curve to be contributing $5,500 per year to an…