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Is a Used Electric Vehicle a Bargain or a Trap? | Personal-finance

You’ve probably heard the horror stories of crazy-high battery replacement costs for electric cars. Fears of battery failure, limited range and high purchase prices might make you wonder if buying a used EV is a smart decision. This answer is, it depends – it depends on the condition of the EV you choose and how …

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Investing Is Crucial to Retiring Rich. Here’s Why. | Smart Change: Personal Finance

(Adam Levy) Everyone wants to have a comfortable retirement without worrying about having enough money to cover their regular expenses, and enough left over to fund hobbies and a few vacations. But some of those same money anxieties can stop you from investing for retirement. Here’s the thing, though. Investing is crucial to retiring rich. …

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2 Reasons Retiring on Social Security Alone Could Be Disastrous | Personal-finance

(Maurie Backman) Social Security pays millions of seniors a monthly benefit, and for many, that income is the only money they have access to during retirement. But going a similar route could be disastrous for you. Here’s why. 1. You won’t get a lot of replacement income The amount of replacement income you need during …

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5 Unexpected Sources of Retirement Income | Smart Change: Personal Finance

(Selena Maranjian) Here’s a majority you don’t want to be in: Most people have not saved enough for retirement. According to the 2022 Retirement Confidence Survey, only 33% of workers have saved $ 250,000 or more for retirement, meaning that 67% have not. (Indeed, 19% have saved less than $ 1,000.) If you’re way behind …

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3 Investments to Avoid in Your IRA | Smart Change: Personal Finance

(Adam Levy) Saving for retirement using an IRA is a great way to save on taxes and accelerate your path toward your financial goals. But not every investment will make the most of the tax advantages offered by an IRA. Here are three investments you’re better off keeping in a regular brokerage account. Image source: …

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5 Unexpected Sources of Retirement Income | Personal-finance

(Selena Maranjian) Here’s a majority you don’t want to be in: Most people have not saved enough for retirement. According to the 2022 Retirement Confidence Survey, only 33% of workers have saved $ 250,000 or more for retirement, meaning that 67% have not. (Indeed, 19% have saved less than $ 1,000.) If you’re way behind …

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