Author: D.C. Poc
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The Holiday’s Are Really Expensive, Try These Expert Money Saving Tips!
Each year, the months of November and December cost the American consumer billions of dollars. The worst part of this is that everyone has 12 months to prepare, yet, few people do! Well, don’t fret… the Wealthy Idiots have some expert money saving tips for you! Save really early Yes, I know it’s already the
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Open enrollment tips to help you financially triumph in 2023
Each year, we’re given a fresh start in the most basic sense: you throw out the old calendar and hang a fresh one! On January 1, 2023, the sun will rise and you’ll make various resolutions, whether that means working out for the first 10 days of the year, making a pledge to cut down
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FINAL: 2023 Social Security Pay Raise
Over the past few months, there has been much discussion on the estimated Cost-of-Living Allowance (COLA) for 2023. We’ve had various estimates ourselves, but without the final CPI-W numbers, it was largely speculation, especially early in the year. The Verdict The final COLA, effective Jan 1, 2023, will be 8.7%. This figure applies to Social
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Save more; increased retirement plan contribution limits for 2023
Each year, the IRS sets the contribution limits for 401(k)-style plans, and Individual Retirement Accounts (IRAs). These increases are based on inflation, and this year, we’ve experienced quite a bit of that. HSA plans also received an increase announcement earlier in 2022, for those of you wondering. 401(k), 403(b), and 457(b) The 2023 contribution limit
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New vehicle 2022: EV, ICE, or PHEV?
As detailed in a very controversial article from May of 2022, my wife and I have been car shopping for quite some time. By shopping, I mean we’ve been researching a ton and casually browsing active listings. This week, we finally closed a deal that appears to be an absolute bargain and achieves the best
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Tip of the week: Keep a positive financial mindset
If you read the internet, as most of us do, you don’t get many positivity vibes. In fact, the comments are overtly negative and can really suck someone down a hole of despair. In order to overcome this, you can either avoid reading anything on the internet, which in 2022 would be quite difficult, or overwhelm the negativity with positivity.
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Take advantage of this big tax savings in 2022
While we all have to pay taxes, and most just blindly accept this fact, there are some things we can do to minimize the impact. Below we’ll explain a major tax savings opportunity for 2022.