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The Latest Breaking News from SmartAsset

People making six-figure salaries used to be considered rich—now earning nearly $200,000 a year isn't even considered upper-class in some U.S. states

The cost of living is reaching a fever pitch, and families making over $100,000 are still living paycheck to paycheck.

Fortune

Mortgage-Free and Full of Regret: Why One US Woman Wishes She Hadn't Paid Off Her Home Early

Paying off a mortgage earlier than planned might not always translate to financial freedom if you don't consider rising fixed costs and unforeseen expenses.

International Business Times UK

Single Mum Pays £12K Yearly to Adviser Despite Losses on £812K Portfolio—What Are Her Options?

The mother of three pays a financial adviser 1.5% of AUM as annual fees but is clueless about the questions to ask, how the money is managed, or how fees affect her returns.

International Business Times UK

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Wealthy millennials are flocking to Florida and Texas—and no one wants to live in New York or California

Sunshine, open space, and lack of income taxes are luring high-earning young professionals out of their tiny city apartments and down South.

Fortune

Dave Ramsey Shows A 50-Year-Old Widow With No Retirement Savings How To Build $500K Retirement Wealth by 65

The widow, divorced for over a decade, put her three children through college and couldn't prioritise her life goals, including starting a retirement fund.

International Business Times UK

The top 4 states where the most young and rich Americans are moving to

Rich Gen Zers and millennials are making moves to see ‘how far their dollar will go.’

Fortune

'People My Age Can Barely Afford Rent': 22-Year-Old Reveals 417 Reasons Why She Doesn't Want Kids

A 22-year-old woman's viral TikTok lists 417 reasons why she refuses to have children, citing financial burdens, physical risks, and societal pressures, resonating with many young adults today.

International Business Times UK

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Miami was the place to retire — until it slid 150 spots down the popularity list

It’s getting less and less lucrative to make the retirement-era relocation to Miami from places like New York, but that’s not stopping scores of seniors from making the move anyway

The Independent UK

Massachusetts is the most expensive state for raising a child, New York and California make the top 6

The study by SmartAsset considered costs for food, housing, childcare, healthcare, transportation and other necessities

Latin Times

These predominantly Latino cities in Texas have the lowest cost of living in the U.S.

According to a new study by SmartAsset, Houston, El Paso and Lubbock need the least amount of money to live well in the country

Latin Times

Parents Expect Son To Share His Huge Inheritance With Half-Siblings, Can’t Believe He Won’t

After finding out that he would be receiving a substantial inheritance, this teen has decided to keep it all to himself. But now, he's wondering if that's the right move. The post Parents Expect Son To Share His Huge Inheritance With Half-Siblings, Can’t Believe He Won’t first appeared on Bored…

Bored Panda

Boomers are still obsessed with retiring in Florida, even though many of their peers have been priced out of the state

Despite waning affordability, the latest wave of retirees are still looking to the Sunshine State.

Fortune

Wealthy millennials are flocking to Florida and Texas—and no one wants to live in New York or California

Sunshine, open space, and lack of income taxes are luring high-earning young professionals out of their tiny city apartments and down South.

Fortune

Are You the Worst Money Role Model for Your Kids?

The answer is probably a resounding yes. Does that seem harsh? It may not be harsh enough. Read on for some reality checks, especially for Millennials.

Kiplinger

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Kiplinger

High Earners Are Fleeing the Northeast for the South

High taxes and soaring business costs have big income earners pulling up stakes.

Fortune

It takes $650,000 a year to reach America’s top 1%

Meanwhile, there are some states where the bar for reaching the wealthiest 1% is a lot lower.

Fortune

How much money you need to make to live comfortably in America's 10 most expensive cities

The Bay Area outshines New York City, requiring the biggest salary to be financially comfortable.

Tribune News Service

How much a $100,000 salary is actually worth across America

For many, reaching a six-figure salary is a watershed moment, yet it’s an illusory milestone: In reality, your take-home pay is much lower after taxes and factoring in the sky-high cost of living in many major cities. That’s especially true with slowing wage gains and nearly two years of persistent…

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Kiplinger

Eight Things You Must Know About Retiring to the Carolinas

From the picturesque beach towns to cozy mountain communities, North Carolina and South Carolina offer retirees plenty of incentives.

People

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