The One-Tenth Rule is a guideline to help manage car-buying expenses wisely. It suggests that you should not spend more than 10% of your annual income on a car. Here’s why following this rule can be beneficial: Budget-Friendly: Sticking to this rule helps ensure that your car purchase fits within your overall budget. It prevents … Read more
As of recent data, the average 401(k) balance for individuals aged 55 to 60 is approximately $140,000 to $180,000. However, this figure can vary significantly depending on factors such as income level, employment history, and contribution rates. For a more precise and personalized understanding, it’s a good idea to consult the latest reports from sources … Read more
Ranking the best hitters in MLB history can be subjective, but many experts agree on a few key names based on career achievements, statistics, and impact on the game. Here’s a widely accepted list of some of the greatest hitters in MLB history, though the exact ranking can vary depending on the criteria used (e.g., … Read more
In 2025, there will be significant changes to the rules governing Required Minimum Distributions (RMDs) from retirement accounts due to provisions in recent legislation. Here’s a summary of what to expect: Increase in RMD Age: The age at which you are required to start taking RMDs will rise from 73 to 75. This change will … Read more
The average retirement savings balance in the USA varies significantly by age group. As of recent data, here’s a rough breakdown of average retirement savings by age group: Under 35: Approximately $13,000 35-44: Around $60,000 45-54: About $125,000 55-64: Roughly $220,000 65 and older: Around $300,000 These figures are averages, so they can be skewed … Read more