Personal Finance

Another day, another stock market high. Rinse, repeat, and remember to thank your favorite monetary and fiscal authorities for creating the optimal conditions for this record-smashing rally.

It's a sure bet that no one — regardless of age — enjoys handing over any of their income to the IRS. In retirement, though, doing so can feel like even more of a sting.

If there were ever a time to sell a house of horrors, the time is now.

Ask anyone with a 401(k) plan at work what they pay in fees and the answers may surprise you: Most people think they pay nothing at all. Even those who know that’s impossible undershoot by a surprisingly large margin, guessing “about 1%” in fees.

If you are ready to start investing in the stock market, but aren't sure of the first steps to take when investing in stocks, you’ve come to the right place. It might surprise you to learn that a $10,000 investment in the S&P 500 index 50 years ago would be worth nearly $1.2 million today.

A 215-year-old firm rooted firmly in the past finds tension adapting to the modern world.

Pay Dirt is Slate’s money advice column. Have a question? Send it to Athena and Elizabeth here. (It’s anonymous!) I had a lucrative job for two years leading up to the pandemic—about $120,000 a year—and got laid off right at the beginning of lockdowns.

‘I worry that stretching that house payment into our first five years of retirement will eat a huge chunk out of the retirement funds’ Dear Quentin, My wife and I have done very well working in healthcare the past 25 years.

Workers who are nearing age 65 and have health insurance through their job may want to consider how Medicare could factor into their medical coverage.

It is just a more efficient way to extract spending money from wealth. (This model is sometimes called “buy borrow die,” because if you die in step 9, that can further improve the tax efficiency of the strategy.

Billionaire Peter Thiel, one of the founders of PayPal, has used a retirement account designed to help ordinary Americans save for their golden years to amass a $5bn tax-free nest egg, according to records obtained by ProPublica.

The single greatest determinant of your retirement portfolio’s return in coming years is how the stock market performs. The bond market comes in a close second. Everything else pales in comparison.

Tracking your finances doesn't have to be complicated. A budget starts with a list of your income and your expenses. There are plenty of tools you can use to manage your money from there, but one of the most simple strategies is the 50-30-20 rule.

The student debt crisis has gotten wide attention over the last several years. Democratic Sens.

Warren Buffett built much of his fortune by saving diligently, investing shrewdly, and compounding his money over multiple decades.