Collecting Social Security While Working

Yes, you can collect Social Security benefits while working, but there are some important rules and limitations to keep in mind. In 2025, the earnings limit is $23,400 for those under full retirement age (FRA). If you earn more than this threshold, Social Security will withhold $1 for every $2 earned above the limit.

AARP

It’s essential to know that only wages count toward this calculation—dividends, pensions, and rental income are excluded. Additionally, spousal income does not factor into the earnings limit for the individual collecting benefits.

If you reach full retirement age in 2025, the earnings limit rises to $62,160, and the withholding amount changes to $1 for every $3 earned above the threshold. Earnings prior to starting benefits don’t count toward the limit, so timing is critical if you’re considering collecting while still working.

AARP

Reporting Earnings to Social Security

When you apply for Social Security benefits, you’ll need to estimate your earnings for the year. Based on this estimate, Social Security adjusts your benefits and withholds the appropriate amount if necessary. At the end of the year, your actual earnings are verified, and adjustments are made. If you underreport your income, you might need to repay the excess benefits.

Options if You Return to Work After Collecting Benefits

Plans can change, and if you decide to return to work after starting to collect Social Security, you have two main options:

• Withdraw Benefits: If you’ve been collecting benefits for less than 12 months and are under FRA, you can withdraw your benefits and repay what you’ve received. This effectively “resets” your benefits.
• Suspend Benefits: If you’re at FRA or older, you can suspend your benefits without repayment. Your benefits will increase by 8% per year until you resume them.

Recalibration of Benefits After Withholding

If your benefits were withheld because you exceeded the earnings limit, Social Security recalibrates them when you reach FRA. This recalibration adjusts your benefit amount to account for the months withheld, effectively reducing the penalty for early collection. The result is a higher monthly benefit going forward.

Common Misconceptions About Retirement

Planning for retirement isn’t just about finances—it’s also about avoiding common pitfalls. Here are five misconceptions to keep in mind:

1. Relying on Two Incomes Forever If one spouse passes away, the surviving spouse often faces a significant income shortfall. It’s essential to plan for this possibility with life insurance or other income sources.
2. The Stock Market as the Biggest Risk Many retirees fear the stock market, but over the long term, it has historically outperformed “safe” investments like Treasury bills. Proper diversification can help mitigate risk while still allowing for growth.
3. Ignoring Inflation Inflation is one of the biggest threats to a secure retirement. Even a modest 3% inflation rate can significantly erode purchasing power over a 30-year retirement. Growth-oriented investments are essential to keep up with rising costs.
4. Considering the Home as a Retirement Asset Unless you plan to sell or monetize your home, it doesn’t generate income and can even become a liability due to maintenance and property taxes. View your home as a place to live, not your primary financial cushion.
5. Loving Not Having a Job While the freedom from work can be exhilarating, retirees often find they miss structure and purpose. Having a plan for how to use your time meaningfully—whether through hobbies, volunteering, or part-time work—is crucial for a fulfilling retirement.

Final Thoughts

Whether you’re navigating Social Security rules while working or challenging long-held assumptions about retirement, the key is thoughtful planning. Retirement isn’t a one-size-fits-all journey—it’s about aligning your financial strategies with your goals and priorities.

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns.

Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost.

The post Navigating Social Security and Common Retirement Misconceptions in 2025 appeared first on ROI TV.

For those weary of German smugness on four wheels, salvation may now come with a Korean passport.

There are cars that scream for attention—and then there’s the 2025 Genesis GV80 Coupe, which simply shows up looking like a Bond villain’s daily driver and lets the room go silent.

Genesis, Hyundai’s upmarket alter ego, has long played the role of the polite party guest—elegant, unassuming, and surprisingly good at trivia. But with the GV80 Coupe, they’ve decided to spike the punch.So:

Is this just another coupe-SUV mashup, or has Genesis genuinely cracked the code?

Let’s dive in.

What sets this car apart?

At first glance, it’s that silhouette—swoopy, sculpted, and just aggressive enough to scare a Range Rover off its valet perch. But under the bonnet (that’s “hood” for the American audience), the GV80 Coupe packs a choice of two engines: a 375-hp twin-turbo V6 or a 409-hp “e-supercharged” version for those who feel personally victimized by slow traffic.

It’s not just the power—it’s the presentation. The 27-inch OLED display stretches across the dash like an Apple Store on wheels, framed by real wood, Nappa leather, and the sort of stitching you’d expect on Savile Row.

In short, the GV80 Coupe has the nerve to waltz into a segment ruled by German old money and declare, “I’m not here to blend in.”

Is it truly a performance SUV?

Yes—and no. The GV80 Coupe isn’t trying to lap the Nürburgring. It’s not a sports car masquerading as a crossover. What it is, however, is brisk, refined, and occasionally cheeky. Think of it as a Bentley that moonlights as a nightclub bouncer.

It wafts. It purrs. It even leans in when you’re being a bit irresponsible on an on-ramp. But does it handle like an X6 M? Of course not. And thank heavens for that—most owners will be dodging potholes in Westchester, not chasing lap times.

How does this affect everyday drivers?

In ways that genuinely matter. The GV80 Coupe is the rare luxury vehicle that doesn’t demand a personality transplant to drive. You don’t have to choose between ride quality and tech, or between power and poise.

Genesis also equips it with adaptive cruise, auto lane changes, and a suspension that reads the road like it’s checking Yelp reviews. It’s practically clairvoyant—and remarkably unflustered, even when your in-laws are not.

The only caveat? That dramatic sloping roofline does nibble away at rear headroom and cargo space. If you’re over six feet tall, bring a chiropractor.

Is this a game-changer or just hype?

This might be the most important SUV Genesis has ever built. Why? Because it doesn’t chase German templates—it subverts them.

Genesis didn’t try to out-Audi Audi. They didn’t bolt on carbon fibre and call it “sporty.” Instead, they’ve crafted a bold, luxurious, and technologically savvy SUV that dares to be different.

And in a market flooded with anonymous metal, different is priceless.

Why should you care?

Because we’re entering a new era of automotive identity. The GV80 Coupe isn’t trying to be for everyone—and that’s precisely why it works. It’s confident without being cocky, futuristic without being faddish.

It speaks to drivers who are over badge-snobbery but still crave quality. Drivers who want theatre, but also silence. Who want sportiness, but not spinal trauma.

And in a world where every luxury SUV seems to come in three shades of gray and four flavors of “mildly intimidating,” the GV80 Coupe dares to be… orange. Literally. There’s a limited “Magma” paint option, and it’s glorious.

So… is it worth the $81K to $87K price tag?

If you’re shopping German, that barely gets you into the game. In the Genesis, it gets you the works—premium trim, serious power, and enough tech to launch a small satellite.

And here’s the thing: Genesis doesn’t make you pay for prestige. You won’t be nickel-and-dimed for heated cupholders and semi-functional gesture controls. You get value. Actual, measurable value. A shocker, I know.

Final verdict?

The GV80 Coupe isn’t trying to outgun the competition—it’s rewriting the rules. It’s not perfect, but it’s undeniably special. It’s the sort of car that makes you nod knowingly at red lights and feel rather pleased with yourself in Whole Foods parking lots.

In other words, Genesis didn’t just build a car. They built a point.

The post Is this car a game-changer or just hype? appeared first on ROI TV.

irs.gov

Challenges Faced by the IRS

Despite this initiative, the IRS confronts substantial obstacles due to budget cuts and resource limitations:

• Underfunding and Staffing Shortages: Over the past decade, the IRS has experienced significant budget reductions, leading to a 10% decrease in its workforce. This underfunding hampers the agency’s ability to conduct thorough audits and enforce tax laws effectively. cbpp.org
• Disparity in Audits: A ProPublica report highlighted that individuals earning $20,000 annually are more likely to be audited than those earning $400,000 annually. This discrepancy is partly due to the focus on Earned Income Tax Credit (EITC) audits, which target low-income individuals.

Impact of Recent Layoffs

In early 2025, the situation worsened as the IRS laid off approximately 7,000 employees, primarily in enforcement roles, due to federal budget cuts under the Department of Government Efficiency (DOGE) initiative. These layoffs are expected to:

• Delay Tax Refunds: With reduced staff, taxpayers may experience significant delays in processing tax returns and receiving refunds. businessinsider.com
• Weaken Tax Enforcement: The reduction in enforcement personnel limits the IRS’s capacity to pursue high-income tax evaders, potentially leading to increased tax evasion and a broader tax gap. apnews.com

Strategic Delays and Statute of Limitations

The IRS has been compiling a list of non-filers since 2017, aiming to act within the six-year statute of limitations for tax fraud. This strategy seeks to maximize the recovery of back taxes and deter tax evaders from exploiting new loopholes.

Inflation Reduction Act Funding

Temporary funding from the Inflation Reduction Act previously enabled the IRS to enhance tax compliance efforts, including targeting high-income non-filers. However, recent budget cuts have undermined these advancements, raising concerns about the agency’s ability to enforce tax laws effectively.

irs.gov

Focus on Small Business Owners

The IRS’s current initiatives also target 1099 private contractors and small business owners, who may have substantial revenues but modest taxable incomes after expenses. This focus has raised concerns about the agency scrutinizing small business owners struggling with financial management rather than sophisticated tax dodgers.

Broader Implications and Future Outlook

While the IRS’s efforts to audit high-income earners aim to recover significant revenue, the estimated $100 billion is a small fraction of the projected $7 trillion tax gap by 2029. Ongoing underfunding and resource constraints continue to hinder the IRS’s ability to enforce tax laws effectively and ensure fairness in the tax system.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post IRS Targets High-Income Tax Evaders Amid Budget Cuts and Layoffs appeared first on ROI TV.

Many individuals overlook the full potential of available retirement accounts. Anderson and Clopine highlight the benefits of Traditional IRAs, Roth IRAs, 401(k)s, and 403(b)s. Notably, only 21% of the population has a Roth IRA, and 30% possess a Traditional IRA. Increasing retirement contributions by just 1% annually can lead to substantial growth over time.

2. Understanding Retirement Account Types and Contribution Limits

The discussion covers various retirement accounts, including 401(k)s, 403(b)s, Traditional IRAs, Roth IRAs, Self-Directed IRAs, and SIMPLE IRAs. For 2025, contribution limits are as follows:

• 401(k) and 403(b) Plans: The annual contribution limit is $23,500, with an additional $7,500 catch-up contribution for individuals aged 50 and over. irs.gov
• Traditional and Roth IRAs: The contribution limit remains at $7,000, with a $1,000 catch-up contribution for those aged 50 and over. irs.gov

Understanding eligibility and contribution rules for each account type is crucial, especially the tax-free growth benefits offered by Roth IRAs.

3. Asset Allocation and Asset Location Strategies

Anderson and Clopine explain the distinction between asset allocation (distribution among stocks, bonds, real estate, cash) and asset location (placement in tax-free, taxable, tax-deferred accounts). Strategically placing assets can optimize tax efficiency. For instance, allocating stocks in Roth IRAs and bonds in tax-deferred accounts can be beneficial. The flexibility of investing in IRAs and Roth IRAs allows for a wide range of options, including mutual funds, ETFs, and individual stocks.

4. Exploring Self-Directed IRAs and Real Estate Investments

Self-Directed IRAs permit investments in non-traditional assets like real estate, cryptocurrencies, and precious metals. While holding real estate in an IRA is possible, it’s important to note that gains are taxed as ordinary income upon withdrawal. Considering the potential benefits and risks of holding real estate in a Roth IRA versus a Traditional IRA is essential.

5. Crafting a Diversified Retirement Strategy

A diversified retirement strategy should consider factors such as desired retirement age, required rate of return, and risk tolerance. Having funds in different account types (tax-free, taxable, tax-deferred) can help manage tax exposure in retirement. Anderson and Clopine encourage individuals to think about their future selves and the long-term benefits of disciplined saving and investing.

6. Leveraging Spousal IRAs and Employer Matches

Spousal IRAs allow a non-working spouse to contribute to an IRA based on the working spouse’s income. Taking full advantage of employer matches in 401(k) and 403(b) plans is a strategic way to maximize retirement savings. Automating contributions and prioritizing retirement savings over other expenses are recommended strategies.

7. Utilizing Catch-Up Contributions and the Power of Compounding

For those over 50, catch-up contributions provide an opportunity to boost retirement savings. The power of compounding growth can lead to significant wealth accumulation over time with disciplined contributions. Starting to save early and consistently is key to achieving substantial growth in retirement accounts.

8. Navigating Inherited IRAs and Understanding Tax Implications

Beneficiaries of inherited IRAs must withdraw the funds within 10 years and pay taxes on the distributions. Understanding the new laws and planning accordingly can help manage the tax impact. Non-compliance with mandatory withdrawal rules can result in penalties.

9. Considering Roth IRAs as an Emergency Fund

Roth IRAs offer flexibility, allowing for tax-free withdrawal of contributions (but not earnings) at any time. While they can serve as an emergency fund, it’s advisable to keep them separate to allow for tax-free growth over time. Maintaining a dedicated emergency fund in addition to retirement savings is emphasized.

By understanding and utilizing various retirement accounts and implementing strategic tax planning, individuals can significantly enhance their retirement savings and achieve their financial goals.

Intended for educational purposes only. Opinions expressed are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Neither the information presented, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Consult your financial professional before making any investment decisions. Opinions expressed are subject to change without notice.

IMPORTANT DISCLOSURES:

• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC. A Registered Investment Advisor.

• Pure Financial Advisors, LLC. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.

• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

The post Maximizing Retirement Savings: Strategies with IRAs and Tax Planning appeared first on ROI TV.

1. Social Security Taxes: How They’re Funded

Social Security is funded through payroll taxes collected under:
FICA (Federal Insurance Contribution Act): For employees
SECA (Self-Employment Contribution Act): For self-employed individuals

Employee Contributions:

• 6.2% of wages goes toward Social Security, matched by employers.
• Maximum taxable earnings for 2025: $168,600 (earnings above this are not taxed for Social Security).

Self-Employed Contributions:

• Pay the full 12.4% tax (since they don’t have an employer to match the contribution).
• Allowed to deduct half of the tax when filing income taxes.

2. Taxes on Social Security Income

Your Social Security benefits are taxed based on your provisional income, which includes:
Adjusted Gross Income (AGI)
Tax-exempt interest (e.g., municipal bond income)
50% of Social Security benefits

How Much of Your Benefits Are Taxed?

• Single filers:
  • $25,000 – $34,000 → Up to 50% of benefits taxable
  • Over $34,000 → Up to 85% of benefits taxable
• Married filing jointly:
  • $32,000 – $44,000 → Up to 50% taxable
  • Over $44,000 → Up to 85% taxable

Example: If you and your spouse have a combined income of $50,000 (including Social Security), 85% of your benefits may be taxed at your marginal income tax rate.

3. State Income Taxes on Social Security

Most states do NOT tax Social Security benefits (41 states fully exempt benefits).

9 states that tax Social Security benefits (with restrictions):

• Colorado: Exempts up to $24,000 for those 65+
• Connecticut: Phases out for incomes under $100,000 (single) or $150,000 (joint)
• Minnesota: Offers partial exemptions
• Montana: Taxes based on federal guidelines
• New Mexico: Phasing out tax by 2026
• Rhode Island: Exempts benefits for incomes under $95,800 (single)
• Utah: Provides tax credits for lower earners
• Vermont: Exempts benefits for incomes under $50,000 (single) or $65,000 (joint)
• West Virginia: Phasing out tax by 2026

If you live in one of these states, check local rules to see how much of your Social Security may be taxed.

4. Medicare Taxes & Income-Related Adjustments (IRMAA)

Medicare is funded through payroll taxes under FICA and SECA:
Employees: 1.45% of income (matched by employers)
Self-Employed: 2.9% tax
High-Income Earners: Extra 0.9% tax on wages above $200,000 (single) / $250,000 (joint)

Medicare IRMAA (Income-Related Monthly Adjustment Amount)

If your Modified Adjusted Gross Income (MAGI) is high, you’ll pay extra for Medicare Part B and Part D.

Medicare Part B 2025 IRMAA Premiums
$103,000 or less (single) / $206,000 or less (joint): $185/month
$103,001 – $129,000 (single) / $206,001 – $258,000 (joint): $261/month
$129,001 – $161,000 (single) / $258,001 – $322,000 (joint): $377/month
$161,001 – $193,000 (single) / $322,001 – $386,000 (joint): $493/month
Above $500,000 (single) / $750,000 (joint): $594/month

Medicare Part D 2025 IRMAA Surcharge
$103,000 or less: No surcharge
Above $103,000: Additional $12 to $76 per month added to Part D premiums

Tip: If your income has dropped due to retirement, you can request a reassessment of your IRMAA through Form SSA-44.

5. Health Savings Accounts (HSAs) & Taxes

HSAs offer tax benefits for saving on medical expenses.
Contributions are tax-deductible, funds grow tax-free, and withdrawals for medical expenses are not taxed.

HSA Contribution Limits for 2025

• Single: $4,300
• Family: $8,550
• Catch-up (age 55+): Extra $1,000

Important: Once enrolled in Medicare, you can no longer contribute to an HSA, but you can spend existing funds.

6. How to Reduce Taxes on Social Security & Medicare

Delay Social Security: Waiting until 70 boosts benefits and reduces early taxation.
Roth Conversions: Converting traditional IRA/401(k) funds to a Roth IRA spreads out taxes over lower-income years.
Withdraw strategically: Pull income from Roth accounts or brokerage accounts before touching Social Security.
Monitor Medicare IRMAA: Keep MAGI below thresholds to avoid higher Medicare premiums.

Final Thoughts: Plan Ahead to Minimize Taxes

Taxes on Social Security and Medicare can significantly impact retirement income, but with smart planning, you can reduce the burden. By understanding how FICA, SECA, IRMAA, and state tax laws work, you’ll be in a better position to maximize your retirement benefits.

Have questions about Social Security or Medicare taxes? Drop them in the comments! Let’s discuss the best ways to keep more of your retirement income.

The post Understanding Social Security & Medicare Taxes: What to Expect in 2025 appeared first on ROI TV.

When one thinks of Rolls-Royce, images of opulent interiors, whisper-quiet cabins, and the gentle hum of a V12 engine come to mind. However, the British marque has taken a bold step into the future with the introduction of the Black Badge Spectre, an all-electric masterpiece that challenges our perceptions of luxury and performance.

What sets the Black Badge Spectre apart?

At first glance, the Spectre maintains the timeless elegance synonymous with Rolls-Royce. The iconic Pantheon grille, now illuminated, and the Spirit of Ecstasy, finished in a dark chrome, hint at the vehicle’s modern underpinnings. But it’s beneath the surface where the true revolution lies.

Power and Performance

The Spectre is not just any electric vehicle; it’s the most powerful Rolls-Royce ever produced. Delivering an impressive 659 horsepower and a staggering 792 lb-ft of torque, this grand tourer propels from 0 to 60 mph in just 4.1 seconds. Such performance figures were once reserved for supercars, yet the Spectre achieves this with the grace and poise expected of a Rolls-Royce.

Infinity and Spirited Modes: A New Driving Experience

Rolls-Royce introduces two innovative driving modes in the Spectre:

• Infinity Mode: Activated by pressing the Infinity (∞) button on the steering wheel, this mode unleashes the full 659 horsepower, offering a more aggressive throttle response. It’s akin to having a butler who can also double as a personal trainer—refined yet ready to deliver intensity when desired.

• Spirited Mode: For those seeking an even more exhilarating experience, engaging Spirited Mode requires fully depressing both the brake and throttle simultaneously. This provides a haptic and visual cue before delivering a surge of power with 792 lb-ft of torque, ensuring rapid acceleration while maintaining the vehicle’s composure.

A Bespoke Interior: Where Tradition Meets Innovation

Stepping inside the Spectre, one is greeted by an interior that seamlessly blends traditional craftsmanship with modern technology. The Technical Fiber Illuminated Fascia frames an abstract representation of the Spirit of Ecstasy alongside the Infinity symbol, signifying limitless power. Owners can personalize the instrument dials with a choice of five vibrant color themes: Vivid Grellow, Neon Nights, Cyan Fire, Ultraviolet, and Synth Wave. This level of customization ensures that each Spectre is as unique as its owner.

The Significance of Moda Miami

Choosing Moda Miami for the Spectre’s North American debut was no coincidence. In just its second year, Moda Miami has emerged as a premier gathering for luxury car collectors and enthusiasts. The event’s setting at the historic Biltmore Hotel in Coral Gables, Florida, provided an elegant backdrop for this landmark occasion. Moreover, the event supports Nicklaus Children’s Hospital, highlighting Rolls-Royce’s commitment to philanthropy alongside luxury.

A Statement of Intent

The introduction of the Black Badge Spectre signifies more than just a new model; it’s a statement of intent from Rolls-Royce. The automotive industry is undergoing a seismic shift towards electrification, and luxury brands are not exempt from this transformation. The Spectre demonstrates that it’s possible to embrace modern technology without compromising on the luxury and performance that define the brand.

How does this change impact drivers?

For the discerning Rolls-Royce clientele, the Spectre offers an opportunity to experience the future of motoring without sacrificing the comfort and prestige they’ve come to expect. The silent operation of the electric powertrain enhances the serene driving experience, while the instantaneous torque provides effortless acceleration. Additionally, the absence of tailpipe emissions aligns with a growing emphasis on environmental responsibility among luxury consumers.

A Contrarian Perspective: The Allure of the Internal Combustion Engine

While the Spectre represents a bold leap into the future, it’s worth acknowledging that some purists may lament the move away from the traditional V12 engine. The symphony of a finely tuned internal combustion engine has long been part of the Rolls-Royce allure. However, the brand’s ability to recreate the essence of luxury in an electric format suggests that the spirit of Rolls-Royce transcends the specifics of its powertrain.

The Future of Luxury Motoring

The Black Badge Spectre challenges conventional thinking about what a luxury car can be in the 21st century. It proves that sustainability and performance are not mutually exclusive and that embracing new technology can enhance, rather than detract from, the luxury experience. As more manufacturers follow suit, the definition of automotive luxury will continue to evolve, but Rolls-Royce has firmly positioned itself at the forefront of this transformation.

In Conclusion

The Rolls-Royce Black Badge Spectre is more than just a car; it’s a bold statement about the future of luxury motoring. By seamlessly blending traditional craftsmanship with cutting-edge technology, Rolls-Royce has created a vehicle that honors its storied past while embracing the possibilities of tomorrow. For those fortunate enough to experience it, the Spectre offers a glimpse into a future where luxury and sustainability coexist harmoniously.

The post Redefining Luxury in the Electric Age appeared first on ROI TV.

The Risks of Living Off Interest Alone

Many retirees are drawn to the idea of living off the interest their portfolio generates—it feels safe and predictable. However, relying solely on interest comes with a hidden risk: inflation. Over time, inflation erodes the value of your money.

For example:

• Today’s Need: $40,000/year
• In 30 Years (Assuming 3% Inflation): $97,000/year

This example illustrates how living off static interest payments fails to keep pace with rising costs, leaving you with reduced purchasing power and financial insecurity.

Prioritizing Income Growth Over Preservation

In retirement, the focus should shift from preserving the principal to growing income. Conservative investments like cash and bonds might feel secure, but they don’t provide the growth needed to combat inflation over the long term. A well-diversified portfolio that includes stocks can offer:

• Inflation Protection: Stocks historically outpace inflation, ensuring your income retains its value.
• Stable Income Growth: Dividends and capital appreciation contribute to a reliable and growing income stream.

The Power of Investing in Stocks

Stocks often serve as the backbone of a retirement portfolio due to their potential for higher returns. Let’s consider the S&P 500 as an example:

• Initial Investment (1993): $1,000,000
• Annual Withdrawal (Adjusted for Inflation): $40,000
• Portfolio Value Today (2023): Approximately $8.5 million

Even with regular withdrawals, the portfolio grew substantially, highlighting how stocks can maintain and grow purchasing power over time.

Diversification and Risk Management

While stocks are essential, diversification is key to managing risk. A well-rounded portfolio might include:

• Small-Cap Stocks: For higher growth potential.
• International Stocks: To capture global market opportunities.
• Real Estate: For stable income and diversification.
• Emerging Markets: To benefit from fast-growing economies.

This mix ensures that your portfolio is resilient to market fluctuations while still providing growth.

Maximizing Savings Beyond a 401(k)

Once you’ve maxed out your 401(k), there are several ways to continue saving:

• Health Savings Accounts (HSAs): Triple tax benefits for medical expenses.
• Roth IRAs: Tax-free growth and withdrawals.
• After-Tax 401(k) Contributions: Allows for additional savings with potential Roth conversions.
• Brokerage Accounts: Offers flexibility and accessibility for non-retirement needs.

Each option has its benefits and limitations, so understanding your goals and financial situation is crucial.

Paying Down Debt

High-interest debt, like credit card balances, should always take priority over investing. Paying off this debt provides a guaranteed return and reduces financial stress. Low-interest debt, such as mortgages, might not need to be paid off immediately, but doing so can offer emotional peace and simplify your finances.

The Role of Employee Stock Purchase Plans (ESPPs)

If your employer offers an ESPP, consider participating. These plans often provide a discount on company stock, offering a built-in return. To minimize risk, sell the stock soon after purchase to lock in the gain, even if it means sacrificing some tax efficiency.

Saving to Cash and Spending Wisely

Having a cash reserve is essential for short-term needs or as a buffer during market downturns. While cash doesn’t grow, its liquidity provides security. At the same time, don’t forget to enjoy your money. Align your spending with your values and goals to strike a balance between preparing for the future and living in the present.

Final Thoughts

Retirement is about more than just making your money last—it’s about ensuring your financial strategy supports the life you want to live. By focusing on income growth, diversifying your portfolio, and managing risks like inflation, you can create a plan that balances security and opportunity.

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns.

Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost.

The post Why Growth Matters in Retirement: Balancing Income and Inflation appeared first on ROI TV.

The Hidden Crisis: Premature Deaths Tied to Profits

In America’s aged care system, profit often comes before people. Over 20,000 premature deaths have been linked to the practices of profit-driven institutions. Many of these facilities cut corners, break laws, and prioritize financial gains over human dignity.

Shockingly, many nursing homes are owned by the same entities that run for-profit prisons. The focus? Maximize revenue—no matter the cost to residents’ health and well-being.

Staffing Shortages: The Root of Substandard Care

The aged care sector is plagued by staffing shortages:

• 87% of nursing home providers report difficulties hiring enough staff.
• Investigations have revealed facilities with below-average ratings and poor living conditions.
• Residents face neglect and substandard care as cost-cutting measures compromise their safety and well-being.

It’s a system where vulnerable seniors often pay the ultimate price for corporate greed.

The Dark Side of Aged Care as an Investment Opportunity

With an aging population, aged care seems like a lucrative investment opportunity. The revenue streams are diverse:

• Insurance companies
• Individual payments
• Government funding

Investors can gain exposure through direct investments, private equity, and real estate investment trusts (REITs). But at what cost? The financial incentives often prioritize returns over residents’ needs.

A Broken Business Model: Profits Over People

Aged care operates on razor-thin margins with distorted incentives. According to the National Bureau of Economic Research, private equity involvement often worsens patient outcomes:

• The focus isn’t on improving care—it’s on financial maneuvers that extract value.
• Cost-cutting leads to layoffs, lower care standards, and an increase in premature deaths.

Types of Senior Living Facilities: What’s the Difference?

Understanding the classifications of aged care facilities can help highlight where issues arise:

1. Independent Living Facilities: Designed for seniors who need minimal assistance.
2. Assisted Living Facilities: Offer personal care while allowing some independence.
3. Skilled Nursing Facilities: Provide intensive medical care for residents with severe health issues.

Each facility type faces its own set of challenges, often worsened by financial pressures and understaffing.

Financial Exploitation: The Guardianship Abuse Epidemic

Elderly individuals often face financial exploitation through guardianship abuse:

• Max Caplin’s story is a chilling example. After a routine surgery, he found himself placed in an assisted living facility, losing his home and life savings in the process.
• Unscrupulous guardians siphon off assets, leaving vulnerable seniors destitute.

Assisted Living: Neglect Behind Closed Doors

Assisted living facilities face mounting challenges:

• Insurance companies negotiate aggressively, squeezing profit margins.
• Reports reveal instances of neglect, starvation, and residents wandering off due to inadequate staffing.
• Facilities often upsell luxury services rather than improving essential care standards.

Skilled Nursing Facilities: Financial Strain and Poor Care

These facilities face significant financial and regulatory hurdles:

• Heavy reliance on Medicaid offers low reimbursement rates.
• Private equity-backed leveraged buyouts have led to over 20,000 premature deaths due to cost-cutting measures.
• Business practices prioritize extracting financial value over delivering adequate care.

Private Equity’s Role: Profit at Any Cost

Private equity firms frequently acquire struggling aged care companies, squeezing out value by:

• Selling assets and leasing them back, adding financial strain.
• Cutting operational costs, leading to poor living conditions and staff shortages.

Though these investments provide liquidity, the cost to resident care is undeniable and devastating.

The Role of Third-Party Service Providers

Firms like HHI Capital acquire third-party service providers that serve both aged care facilities and private prisons:

• These acquisitions often reduce administrative costs.
• However, conflicting corporate interests put vulnerable residents at greater risk of exploitation.

Can This System Be Fixed?

To address the systemic issues in aged care, significant reforms are needed:

1. Stricter regulations on private equity involvement in healthcare.
2. Increased oversight to prevent financial exploitation and guardianship abuse.
3. Better funding models that prioritize patient care over corporate profits.

The Bottom Line: Profit Shouldn’t Come at the Expense of Care

The aged care crisis isn’t just a financial issue—it’s a humanitarian one. Until systemic changes prioritize care over profit, the most vulnerable members of our society will continue to suffer at the hands of institutions designed to protect them. It’s time to demand more from the institutions we trust with the well-being of our loved ones—and ensure that profit never outweighs compassion.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post Profits Over Patients: How Private Equity Is Undermining America’s Aged Care System appeared first on ROI TV.

1. What Is Your Full Retirement Age (FRA)?

Your Full Retirement Age (FRA) is the age when you can start receiving your full Social Security benefits without any reductions. It depends on your birth year:

• Born 1943-1954: FRA is 66 years old
• Born 1955-1959: FRA increases by 2 months each year (e.g., 66 and 2 months for 1955, 66 and 4 months for 1956, etc.)
• Born 1960 or later: FRA is 67 years old

Understanding your FRA is crucial because taking Social Security before this age leads to a permanent reduction in benefits.

2. How Social Security Benefits Are Calculated

Your Social Security benefit is based on your highest 35 years of earnings. Here’s how your monthly check changes depending on when you claim:

At Full Retirement Age (FRA): You receive 100% of your benefit (e.g., $2,000/month if that’s your calculated FRA benefit).

Claiming Early (as soon as 62): Benefits are reduced by 6% per year before FRA, up to 30% total if taken at 62.

• Example: If your FRA benefit is $2,000 per month, taking it at 62 reduces it to $1,400 per month.

Delaying Past FRA (until 70): Benefits increase by 8% per year until age 70.

• Example: Waiting until 70 increases a $2,000 FRA benefit to $2,480 per month.

If you expect to live past 78, delaying benefits usually results in more total lifetime Social Security income.

3. Working Before FRA: The Social Security Earnings Test

If you claim Social Security before full retirement age and continue working, your benefits may be temporarily reduced based on your income.

2025 Social Security Earnings Test Limits

If you earn above certain thresholds, Social Security withholds part of your benefits:

Before the year you reach FRA:

• Earnings limit: $23,400
• Reduction: $1 deducted from benefits for every $2 earned over the limit

The year you reach FRA (until your birthday month):

• Higher earnings limit: $62,160
• Reduction: $1 deducted for every $3 earned over the limit

After Full Retirement Age:

• No earnings limit – You can earn unlimited income without any benefit reduction.

What Income Counts?

Counts toward the earnings test:
Wages (W-2 income)
1099 self-employment income
Net earnings from a business

Does NOT count toward the earnings test:

Pension payments
401(k)/IRA withdrawals
Investment income (dividends, capital gains)
Rental income
Unemployment benefits

4. How the Earnings Test Works (And Why It’s Not a Tax)

If your earnings exceed the Social Security income limits, your benefits aren’t lost forever—but they are temporarily withheld until you reach FRA.

For example:

• You are 63 years old, receive $1,500 per month ($18,000 per year) in benefits, and earn $33,400 from a job.
• This is $10,000 over the earnings limit.
• Social Security withholds $1 for every $2 over the limit = $5,000 withheld from your benefits.

Instead of losing it, Social Security recalculates your benefits at FRA, slightly increasing your monthly check to account for months when payments were withheld.

5. Should You Claim Social Security While Working?

You should claim early if:

• You need the extra income to cover expenses.
• You don’t expect to live past 78 (health issues, family history, etc.).
• Your job earnings stay below the earnings test limit.

You should delay claiming if:

• You expect to live a long time (longer life = more total benefits from delaying).
• You earn significantly over the earnings test limit (your benefits would be withheld anyway).
• You want to maximize survivor benefits for your spouse.

Final Thoughts: Plan Smart to Maximize Your Benefits

If you’re planning to work while collecting Social Security, understanding the earnings test is key to avoiding unnecessary reductions in your benefits. Before making a decision, evaluate your income, tax situation, and long-term financial goals.

Need help deciding when to take Social Security? Drop a comment below! I’d love to hear your thoughts and experiences.

The post How Working Past 65Affects Social Security appeared first on ROI TV.

When Failure Pays: The Most Infamous CEO Exits

Some CEOs have turned spectacular failure into a lucrative payday. Let’s talk about a few infamous examples:

• Adam Neumann of WeWork was ousted after steering the company toward financial collapse, yet left with a $1.7 billion exit package. Spoiler alert: WeWork never turned a profit.
• Dennis Muilenburg of Boeing walked away with $62 million after the tragic 737 Max disasters—an incident that cost 346 lives and shattered public trust.
• Steve Easterbrook, the former CEO of McDonald’s, received a multi-million-dollar exit payout despite being fired for misconduct.

So why do these executives leave with their pockets lined? The answer lies in a complex web of corporate norms, risk-taking incentives, and—let’s be honest—some seriously flawed systems.

Why Experience Trumps Performance (and Why That’s a Problem)

In corporate America, hiring executives often feels like an exclusive club where experience matters more than results.

• Companies love hiring CEOs from management consulting giants like McKinsey, Bain, and BCG.
• Yet, a Harvard Business Review study found that CEOs with engineering backgrounds consistently outperform those from consulting backgrounds.

So, why the obsession with experience? Because hiring a CEO with a shiny resume feels like the safer bet—even if it’s not. Unfortunately, this risk-averse mindset often means prioritizing “safe” hires over the best candidates.

CEO Turnover: High Stakes, Big Payouts

The turnover rate for Fortune 500 CEOs is around 10% annually, and 70% of those leaders are ousted by their boards. The average tenure? Less than five years.

This short window leads CEOs to negotiate hefty exit packages before they even take the job. It’s like having a safety net made of gold:

• CEOs know they’re under pressure to deliver fast results.
• Pre-negotiated golden parachutes protect them if they get the boot.
• Ironically, this structure encourages risk-taking since there’s little personal financial downside.

Incentives: Protecting CEOs at Shareholders’ Expense?

These golden parachutes aren’t just about rewarding failure—they’re about protecting CEOs in high-stakes roles:

• Exit packages can be beneficial for shareholders if they encourage CEOs to pursue bold strategies that boost market value.
• They also protect CEOs from hostile takeovers, ensuring they won’t resist deals that could be profitable for investors.

However, there’s a darker side:

• Powerful CEOs, like Elon Musk, can leverage their influence to demand significant rewards.
• Such power dynamics can harm shareholder interests, especially when controversial decisions affect stock prices.

How CEO Decisions Shape Company Value

CEOs have the power to move markets with a tweet—or a badly timed decision:

• Elon Musk’s public statements and demands for more Tesla shares caused shareholder anxiety and potential dilution of stock value.
• A CEO’s influence extends beyond company operations—it impacts investor confidence and market valuation.

Corporate boards constantly juggle the need to maintain executive influence while safeguarding shareholder interests—a tricky balancing act.

The Systemic Problem: Why Failing Upwards Keeps Happening

Despite public outrage, the system is designed to protect executives more than it punishes them:

• Boards fear disrupting leadership stability by fighting executive contracts.
• The cultural obsession with “proven experience” often leads companies to rehire failed executives elsewhere.

In essence, golden parachutes have become standard practice—so much so that failure often feels like a cushioned fall rather than a hard landing.

Can We Break the Cycle?

Fixing the system isn’t easy, but here are a few ideas:

1. Tie exit packages to long-term performance rather than short-term stock gains.
2. Increase transparency around executive compensation and board decisions.
3. Prioritize proven performance over traditional experience in hiring decisions.

The Bottom Line: The High Cost of Failure

In corporate America, failing upwards isn’t a bug—it’s a feature. CEOs might leave their positions in disgrace, but their bank accounts are anything but empty. Until boards prioritize accountability over flashy résumés, the cycle of rewarding failure will continue—and shareholders will keep paying the price. The next time you hear about a CEO walking away with millions after a scandal, remember: In the boardroom game of Monopoly, some players never lose—they just collect $200 (million) on their way out.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post Why Failing CEOs Still Get Rich appeared first on ROI TV.

savology.com

Simplifying Financial Planning

To make financial planning more accessible, consider condensing it into a one-page document. This approach includes key components such as:

• Vision and Goals: Clearly define your retirement objectives.
• Cash Flow Management: Track your income and expenses to understand your financial inflows and outflows.
• Asset Allocation: Determine how to distribute your investments across various asset classes.
• Action Items: List specific steps to achieve your financial goals.

This streamlined plan helps distinguish between needs and wants, ensuring that your spending aligns with your priorities.

kitces.com

Cash Flow Management

Understanding your cash flow is vital. Break down your expenses into categories such as living costs, savings, debt repayment, and charitable giving. For example, you might allocate 58% for living expenses, 15% for savings, 15% for debt repayment, and 12% for charitable contributions. This breakdown provides a clear picture of where your money goes, enabling informed financial decisions.

Retirement Savings Goals

Starting early and maintaining consistent savings are key to reaching retirement goals. Depending on your age and expected rate of return, calculate how much you need to save monthly to accumulate a desired retirement fund. For instance, to reach $1 million by age 65, the required monthly savings will vary based on when you start and your investment returns.

Social Security and Retirement Income

Assess your expected retirement income from sources like Social Security, pensions, and personal savings. Understanding these figures helps in planning your retirement spending. For example, you might anticipate $32,000 from Social Security, $10,000 from a pension, and plan to withdraw $40,000 annually from a $1 million retirement account, assuming a 4% withdrawal rate.

Tax Planning and Investment Strategy

Be aware of how taxes impact your investment returns. Different accounts—tax-free (Roth IRAs), taxable (brokerage accounts), and tax-deferred (401(k)s, IRAs)—have varying tax implications. Diversifying your income sources can help manage taxes effectively in retirement.

Asset Allocation and Diversification

Allocate your assets based on your time horizon and individual goals. A globally diversified portfolio might include various types of stocks (domestic, international, growth, value, small, medium, large companies) and bonds. As you approach retirement, adjusting your asset allocation to reduce risk becomes increasingly important.

Emergency Funds

Maintain an emergency fund covering 3 to 12 months of expenses, depending on your income stability. Balancing cash reserves with invested assets ensures financial security during unforeseen events.

DIY Retirement Guide

For those preferring a do-it-yourself approach, resources like the DIY Retirement Guide can assist in creating a one-page financial plan, empowering you to take control of your financial future.

By consolidating your financial strategy into a single page, you can focus on what truly matters, making your retirement planning more effective and less daunting.

Intended for educational purposes only. Opinions expressed are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Neither the information presented, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Consult your financial professional before making any investment decisions. Opinions expressed are subject to change without notice.

IMPORTANT DISCLOSURES:

• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC. A Registered Investment Advisor.

• Pure Financial Advisors, LLC. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.

• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

The post DIY One Page Financial Plans appeared first on ROI TV.

Assessing Retirement Goals First

Before diving into other savings options, it’s crucial to understand how much you need for retirement. I use examples like these to show how different savings scenarios can play out:

• On Track: A 55-year-old with $800,000 saved and contributing $30,000 annually at a 6% growth rate will exceed a $1 million goal by age 65.
• Needs Flexibility: A saver with $350,000 is on track to meet their goal but would benefit from extra savings for flexibility.
• Behind: Someone starting from $0 will need to explore aggressive saving and investing strategies to catch up.

Your specific savings goals and timeline will determine the best next steps.

Health Savings Account (HSA)

If you’re eligible, an HSA is one of the most tax-advantaged accounts available. Contributions are tax-deductible, growth is tax-free, and withdrawals for qualified medical expenses are tax-free. For 2023, you can contribute up to:

• $3,850 for individuals
• $7,750 for families
• $1,000 additional catch-up for those 55+

HSAs can also double as long-term savings vehicles for healthcare costs in retirement, offering a unique blend of flexibility and growth.

Roth IRA Contributions

A Roth IRA is another excellent option, offering tax-free growth and withdrawals in retirement. For 2023, contribution limits are:

• $6,500 for those under 50
• $7,500 for those 50+

If your income exceeds the direct contribution limits, a backdoor Roth IRA conversion is an option worth exploring. And if one spouse isn’t working, the working spouse can contribute to a Roth IRA for them, as long as there’s enough earned income to cover it.

After-Tax 401(k) Contributions

For those who have maxed out their traditional 401(k) contributions, after-tax 401(k) contributions are an attractive option. These contributions aren’t tax-deductible, but they grow tax-deferred and can be rolled into a Roth 401(k) for tax-free growth. Consult with a financial advisor to handle these conversions properly and avoid unnecessary taxes.

 Brokerage Accounts

A brokerage account provides unmatched flexibility for saving and investing. While it doesn’t offer the tax benefits of retirement accounts, it gives you unrestricted access to funds for short-term needs, major purchases, or even additional retirement savings.

Paying Down Debt

For those with high-interest debt, such as credit cards, prioritizing debt repayment often makes the most financial sense. Paying off this debt provides a guaranteed return, often higher than investment returns. Low-interest debt, like mortgages, may not need to be rushed, but paying it off can offer emotional peace and financial simplicity.

Employee Stock Purchase Plans (ESPP)

If your employer offers an ESPP, take a close look. These plans typically offer a 5-15% discount on company stock, providing a built-in return. This can be a smart way to diversify your savings, often before fully maxing out your 401(k).

Building Cash Reserves

While cash doesn’t provide growth, it’s essential for liquidity. A solid cash reserve can cover upcoming expenses, act as a buffer in retirement, or provide peace of mind during transitions.

Don’t Forget to Enjoy Your Money

Saving and investing are important, but so is living your life. Money is a tool to help you achieve your goals and enjoy the present. Whether it’s traveling, pursuing a hobby, or spending time with family, make sure your financial plan reflects your personal values and aspirations.

Beware of Living Solely Off Interest

Relying exclusively on interest from high-yield savings accounts or bonds might seem safe, but inflation can erode purchasing power over time. For example, $40,000 in interest today may require nearly $97,000 in 30 years to maintain the same purchasing power. Growth-oriented investments are crucial to keeping up with inflation.

Investing for Growth

Stocks remain a cornerstone of any long-term retirement plan. The S&P 500, for example, has historically provided significant returns over decades. A diversified portfolio with small-cap stocks, international equities, real estate, and a mix of bonds ensures resilience and balance.

Final Thoughts

After maxing out your 401(k), the next step is crafting a strategy that aligns with your goals and values. From HSAs and Roth IRAs to ESPPs and brokerage accounts, there are many options to grow your wealth while maintaining flexibility.

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns.

Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost.

The post What to Do After Maxing Out Your 401(k): Exploring Smart Financial Strategies appeared first on ROI TV.

1. Neglecting Thorough Research,
   Many buyers enter dealerships without adequate knowledge about the vehicles they’re interested in, leading to uninformed decisions.
   Solution: Utilize online resources to compare different models, read reviews, and understand current market prices. This preparation empowers you to make informed choices and negotiate effectively.
2. Focusing Solely on Monthly Payments
   Concentrating only on achieving a desired monthly payment can result in longer loan terms and higher interest costs.
   Solution: Negotiate based on the total price of the vehicle rather than the monthly payment. This approach ensures you understand the full financial commitment and can prevent overpaying in the long run.
3. Skipping the Test Drive
   Approximately 20% of buyers forego test-driving a car before purchase, potentially leading to dissatisfaction with the vehicle’s performance or comfort.
   Solution: Always take the car for a comprehensive test drive, ideally lasting at least 30 minutes. This hands-on experience helps assess the car’s suitability for your needs and preferences.
4. Not Securing Financing in Advance
   : Relying solely on dealership financing without exploring other options can lead to higher interest rates and unfavorable loan terms.
   Solution: Obtain pre-approval for an auto loan from banks, credit unions, or online lenders before visiting the dealership. This strategy provides a benchmark for comparison and strengthens your negotiating position.
5. Overlooking the Value of Safety Features
   Disregarding essential safety features can compromise your well-being and affect insurance costs.
   Solution: Prioritize vehicles equipped with modern safety technologies such as electronic stability control (ESC), antilock brake systems (ABS), and head-protecting side airbags. These features enhance safety and may qualify you for insurance discounts.
6. Underestimating Ownership Costs
   Failing to consider expenses beyond the purchase price, such as insurance, fuel, maintenance, and depreciation, can strain your budget.
   Solution: Research the total cost of ownership for the models you’re considering. Factor in insurance premiums, fuel economy, maintenance schedules, and expected depreciation to make a financially sound decision.
7. Falling in Love with a Single Model
   Becoming infatuated with one specific model can blind you to other vehicles that might better suit your needs or offer better value.
   Solution: Keep an open mind and compare multiple models within your budget and requirements. This approach allows you to evaluate different options and choose the best fit.
8. Neglecting to Review the Final Paperwork
   Not thoroughly reviewing the sales contract can lead to unexpected charges or unfavorable terms.
   Solution: Carefully examine all documents before signing. Ensure that the agreed-upon terms are accurately reflected and that there are no unauthorized add-ons or fees.
9. Trading in a Vehicle with Negative Equity
   Rolling over existing debt into a new loan can increase your financial burden and lead to owing more than the car’s value.
   Solution: If you owe more on your current vehicle than it’s worth, consider delaying the purchase until you’ve built positive equity or explore other options to manage the existing loan.
10. Making Impulsive Decisions Under Pressure
    Rushing into a purchase due to sales pressure or limited-time offers can result in buyer’s remorse.
    Solution: Take your time to make a well-considered decision. Don’t hesitate to walk away from high-pressure situations, and remember that there will always be other deals available.

By being aware of these common mistakes and implementing the suggested solutions, you can navigate the car-buying process more effectively and secure a vehicle that meets your needs and budget.

Enjoyed this article? Stay in the driver’s seat with more automotive insights! Follow @NikJMiles and @TestMiles on social media for the latest news, reviews, and behind-the-scenes exclusives. Don’t miss out—join the conversation today!

The post The Costly Car Buying Mistakes You’re Probably Making! appeared first on ROI TV.

The Declining Necessity of College Degrees

The days of needing a college degree to land a good job are fading fast:

• Many top companies are dropping degree requirements from job listings.
• Over 50% of college graduates now work in jobs that don’t require a degree.
• The steep cost of a degree is discouraging many from pursuing higher education altogether.

The reality? A diploma no longer guarantees a high-paying job—or even a job that requires the education it took to earn it.

The Economic Reality: Is College Still Worth the Cost?

The financial return on a college degree is shrinking:

• The average master’s degree holder earns about $83,000 per year, just $20,000 more than the national average.
• The cost of earning that degree? Nearly $60,000—a hefty price tag for a modest income boost.

Meanwhile, skilled tradespeople are beginning to out-earn their office-dwelling peers, without shouldering mountains of student debt.

Trade Jobs vs. White-Collar Careers: A Changing Landscape

Skilled trades are making a serious comeback, and for good reason:

• Paid training means workers earn while they learn.
• Tradespeople often start earning above-average incomes shortly after qualifying.
• AI and automation are replacing white-collar jobs faster than blue-collar ones, making trades more stable and lucrative.

Plus, trade jobs often pave the way to business ownership—an opportunity that’s less common in traditional white-collar careers.

The College Degree as a Hiring Filter: Outdated and Overused

Once upon a time, having a degree was rare and prestigious—almost a guarantee of financial success. But as degrees became more common, their value diminished:

• The rise in college graduates created an “arms race” of additional qualifications.
• Today, many employers recognize that most skills are learned on the job.

Now, many companies are relaxing degree requirements—but old habits die hard.

The Financial Burden of Higher Education

For many, college degrees come with a heavy financial cost:

• Student loans can take decades to repay.
• Debt often delays other financial milestones, like buying a home or starting a business.
• Those who skip college can get a financial head start, avoiding years of debt accumulation.

Nepotism and Unpaid Internships: A Growing Divide

As degrees lose their value, other barriers are rising:

• Nepotism and unpaid internships are becoming more important for job seekers.
• Demonstrating ability without a degree often requires working for free—an opportunity only available to those with financial support.
• This shift deepens inequality, benefiting those with family connections and disadvantaging underprivileged individuals.

Are Employers Really Moving Beyond Degrees?

Despite announcements about relaxing degree requirements, the reality often tells a different story:

• A study showed a 400% increase in roles where degree requirements were officially dropped.
• However, actual hiring practices haven’t changed significantly—many companies still prefer candidates with degrees.

In some cases, not having a degree can even weaken an employee’s negotiating power, making it harder for them to secure raises or promotions.

Long-Term Career Impact: Who Wins Without a Degree?

The declining value of college degrees is a double-edged sword:

• For some, this shift opens new opportunities—especially in trades, tech, and freelancing.
• For others, especially those without connections, it creates new barriers and reduces job security.

The impact largely depends on industry, personal circumstances, and an individual’s ability to navigate a changing job market.

What Does the Future Hold?

As the job market continues to evolve, here’s what could help workers adapt:

1. Promote Skills-Based Hiring: Companies should focus on skills and experience, not just degrees.
2. Invest in Trade Education: Expand opportunities in trades, which offer stability and high earnings.
3. Address Unpaid Internships: Implement policies that ensure equal access to work experience opportunities.
4. Offer Student Loan Reform: Make education more affordable and reduce the financial burden on young professionals.

The Bottom Line: A Degree Isn’t Everything—But It Still Matters

The value of a college degree isn’t what it used to be. But for many industries, it remains a valuable tool. As the job market shifts, workers need to weigh their options carefully—because success today is about skills, experience, and adaptability, not just a piece of paper. It’s time to rethink what success looks like—because for today’s workers, it might just be found outside the traditional classroom.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post Is a College Degree Still Worth It? appeared first on ROI TV.

Retirement planning is a critical aspect of financial well-being. While it’s common to seek advice from friends, family, or online sources, this approach can be fraught with risks. Non-professional advice may not account for your unique financial situation, potentially leading to suboptimal decisions. A survey revealed that 25% of adults have acted on financial advice received from friends at social gatherings, despite recognizing these as unreliable sources.

thescottishsun.co.uk

The Pitfalls of Online Financial Advice

The internet is inundated with financial information, but not all of it is accurate or unbiased. Relying solely on online articles or social media for retirement planning can lead to:

• Overwhelming Information: The sheer volume of data can be confusing, making it challenging to discern valuable insights.
• Potential Biases: Some online content is designed to promote specific financial products rather than provide impartial advice.
• Risk of Trend-Chasing: Following online trends without proper analysis can result in poor investment choices.

It’s essential to critically evaluate online information and consider consulting with a certified financial planner for personalized advice.

The Challenges of Market Timing and Investment Strategies

Attempting to time the market—predicting the optimal moments to buy or sell investments—is notoriously difficult. Even with perfect foresight, studies have shown that market timing does not significantly outperform regular, disciplined investing. For instance, investing in familiar companies like Netflix or Peloton might seem prudent, but these stocks can still experience significant volatility. A well-thought-out investment strategy that aligns with your financial goals and risk tolerance is more effective than speculative approaches.

The Benefits of Diversification and Risk Management

Diversification—spreading investments across various asset classes—plays a crucial role in managing risk. By diversifying, you can mitigate the impact of poor performance in a single investment. A balanced portfolio that includes a mix of stocks, bonds, and other assets can help achieve more stable returns. Regular portfolio rebalancing ensures that your asset allocation remains aligned with your risk tolerance and financial objectives.

investopedia.com

Setting Clear Financial Goals

Establishing specific, written financial goals is fundamental to successful retirement planning. Discussing these goals with loved ones ensures alignment and can prevent future conflicts. A common guideline is to plan for an annual withdrawal rate of about 4% of your retirement savings, which can help maintain financial stability throughout retirement.

Adjusting Asset Allocation by Age

Your investment strategy should evolve as you approach retirement. Younger investors can typically afford a higher allocation to stocks, given their longer investment horizon and greater capacity to recover from market downturns. As retirement nears, gradually increasing the proportion of bonds and other lower-risk assets can help preserve capital and provide more predictable income streams. Regularly reviewing and adjusting your asset allocation is essential to ensure it remains appropriate for your stage in life.

Caution with Real Estate Investments

Investing in real estate can be a valuable component of a diversified portfolio, but it’s important to approach it cautiously. In high-cost areas, properties may not generate positive cash flow, making them less resilient during market downturns. Focusing on properties that provide positive cash flow can help withstand economic fluctuations. Additionally, investing solely for tax benefits is not advisable; the investment should make sense based on its fundamentals.

Approach Cryptocurrency Investments with Care

Cryptocurrencies have gained popularity as an investment asset, but they come with significant volatility and risk. It’s advisable to limit exposure to cryptocurrencies, especially as you near retirement. If included in your portfolio, they should represent a small percentage and be part of a broader, diversified investment strategy.

Conclusion

Effective retirement planning requires careful consideration and professional guidance. While non-professional advice can be well-intentioned, it may not be tailored to your specific financial situation. By setting clear financial goals, diversifying investments, and adjusting strategies as you age, you can work towards a secure and comfortable retirement.

Intended for educational purposes only. Opinions expressed are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Neither the information presented, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Consult your financial professional before making any investment decisions. Opinions expressed are subject to change without notice.

IMPORTANT DISCLOSURES:

• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC. A Registered Investment Advisor.

• Pure Financial Advisors, LLC. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.

• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

The post Avoiding the Pitfalls of Non-Professional Financial Advice appeared first on ROI TV.