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It’s easy to roll your eyes at some of the seemingly ridiculous purchases that wealthy people make. After all, do you really need a gold bidet? But, according to financial experts, some of their more spendy buys may actually be wise.

The 2024 presidential election will he here before you know it, and many are curious about the potential policies of the incoming president. For older Americans, some of the focus has been on Social Security and its fate.

You might think you’ve got a handle on your finances, but there’s probably a thing or two you don’t understand.  GOBankingRates spoke with financial experts to uncover some surprising truths about money that many people overlook. Carlos Rodriguez, director of financial planning at Edelman Financial Engines, pointed to EFE’s 2023 Everyday Wealth in America report, which indicated that 46% of Americans cite personal finances as their top source of stress. That emphasizes the importance of effective financial management for overall well-being.

Knowing all about money isn’t just for the wealthy – it’s for all of us. But that doesn’t mean the rest of us can’t learn from the rich. The financial principles that keep the rich rich are accessible to all of us.  

More than 70 million Americans receive monthly Social Security checks. Over 180 million current workers are paying into the system and expect benefits down the line. But the program is running out of money.

Inc. revealed today that MDRN Company ranks No. 2552 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000. 

For many of us, retirement on the horizon means cutting back on expenses so we can live out our golden years in style. But that’s not always the best way, say some experts.

For many of us, retirement on the horizon means tightening our belts and cutting back on expenses. But before you start pinching pennies like there’s no tomorrow, some experts say you might want to pump the brakes.

Election season is here — and along with the usual ads and non-stop texts, there’s going to be some anxiety about your investments. GOBankingRates spoke with financial advisors to find out what people should do right now when it comes to their portfolios.

It is rare to get meaningful tax relief as a renter. Homeowners can get significant tax advantages, most notably in the form of the mortgage interest deduction and the capital gains exemption, both of which are available to all households regardless of circumstance. This is less common for renters. There are no federal tax breaks for renters and, while 23 states do offer some sort of rental-based tax relief, almost all are limited to age- or income-based assistance.