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Yahoo
07-05-2025
- Business
- Yahoo
Want To Live in One of These Exploding East Coast Suburbs? Here's the Salary You Need
Living in the suburbs is typically a lot cheaper than residing in the city proper. You can cut costs while still enjoying a comfortable lifestyle. GOBankingRates conducted a study to find the 50 fastest-growing suburbs in America and how much income each metro area requires. Among those were 19 East Coast suburbs. Also See: Salary Needed To Achieve the American Dream in the 50 Largest Cities See Next: The New Retirement Problem Boomers Are Facing Some of the apparent population growth is a result of the U.S. Census Bureau redefining some Census Designated Places. All boundary data is based on 2023. See more about the methodology at the end of this gallery. Also see the wealthiest suburbs in America. Steven Starr Photography / Fort Mill, South Carolina Population increase %: 77.6% Income needed to live comfortably: $121,572 Household median income: $127,537 Total cost of living annually: $60,786 Average home value: $527,953 Find Out: What Salary Single People Need To Live Comfortably in 100 Major US Cities See More: The Living Wage a Family of 4 Needs in All 50 States Sean Pavone / Groveland, Florida Population increase %: 65.4% Income needed to live comfortably: $105,272 Household median income: $92,258 Total cost of living annually: $52,636 Average home value: $380,076 Discover More: Here's the Cost of Living in Every State Skyhobo / Getty Images/iStockphoto Waxhaw, North Carolina Population increase %: 49.9% Income needed to live comfortably: $134,366 Household median income: $128,115 Total cost of living annually: $67,183 Average home value: $604,211 csfotoimages / Getty Images Apollo Beach, Florida Population increase %: 45.7% Income needed to live comfortably: $116,973 Household median income: $113,130 Total cost of living annually: $58,487 Average home value: $463,947 FoxDon / Wikimedia Commons Apex, North Carolina Population increase %: 40.4% Income needed to live comfortably: $132,730 Household median income: $138,442 Total cost of living annually: $66,365 Average home value: $612,709 Darwin Brandis / Mooresville, North Carolina Population increase %: 38.4% Income needed to live comfortably: $116,267 Household median income: $88,592 Total cost of living annually: $58,133 Average home value: $473,259 Check Out: Warren Buffett's Top 4 Tips for Getting Richer Ken Schell / Getty Images Clayton, North Carolina Population increase %: 38% Income needed to live comfortably: $97,195 Household median income: $73,348 Total cost of living annually: $48,598 Average home value: $364,940 csfotoimages / Getty Images Sun City Center, Florida Population increase %: 35.4% Income needed to live comfortably: $97,515 Household median income: $71,012 Total cost of living annually: $48,757 Average home value: $330,225 Michael Warren / Getty Images/iStockphoto Clermont, Florida
Yahoo
07-05-2025
- Business
- Yahoo
Suze Orman Urges Retirees To Buck This Social Security Trend: 4 Reasons It's So Detrimental
FluxFactory / Determining when to claim Social Security can be challenging for retirement-age Americans. Although it's possible to claim benefits at 62, that move can leave many shortchanging themselves. See More: 40 States Where You'll Feel the Biggest Social Security Increase This Year Discover Next: The New Retirement Problem Boomers Are Facing In a recent article for The Street, personal finance guru Suze Orman shared why Americans should delay benefits as long as possible. Here are four reasons Orman gives to delay claiming Social Security benefits. You Receive Less Money It's possible to claim Social Security benefits as early as 62. Unfortunately, for people born in 1960 and later, that will reduce benefits by approximately 30%, according to the Social Security Administration (SSA). This shortage will add up over time. Even slightly delaying taking benefits can be advantageous. 'Every month past age 62, you don't claim your benefit entitles you to a slightly larger payout when you do start collecting your benefit. Over time, those small incremental increases add up,' said Orman in a recent blog post on her website. Such reduced benefits could have significant ramifications for the 67% of seniors who depend on Social Security benefits for over half of their income. Read Now: 8 Common Mistakes Retirees Make With Their Social Security Checks It Can Limit Earning Opportunities Some retirees may choose or need to work part-time to supplement benefits received in retirement. Taking benefits before reaching full retirement age can have negative effects. For example, Americans receiving payments will have $1 deducted for every $2 they earn over their annual limit. Waiting until full retirement age improves that to $1 for every $3 earned over the limit. Those limits, for 2025, are $23,400 and $62,160, respectively, according to the SSA. 'From a financial standpoint, if you do live a long life, waiting as long as possible to start collecting Social Security will pay off with higher lifetime benefits,' said Orman. Your COLA Has Less of an Impact Cost-of-living adjustments (COLAs) aid retirees by allowing them to receive increased benefits and commonly occur annually. However, for Americans taking early retirement, it adds to a lower baseline, thus negatively impacting payments, according to the SSA. Receiving the COLA may be enticing, but it's not a reason to claim benefits early, according to Orman. 'And don't worry about missing out on the COLA if you aren't yet claiming your Social Security benefit. The COLA is not a reason to claim early,' noted Orman on her website.
Yahoo
07-05-2025
- Business
- Yahoo
Is That Online Course Promising Six-Figure Income a Scam? Experts Weigh In
fizkes / As people struggle with fears of recession, some may turn to courses with the promise of 'getting rich quick' — from something like e-commerce or drop-shipping to coaching or becoming an 'influencer.' Be Aware: 30 Scam Phone Numbers To Block and Area Codes To Avoid Check Out: The New Retirement Problem Boomers Are Facing Some courses that teach you how to start or grow businesses are perfectly legit — but many others are scams. How can you tell the difference? Watch for these red flags. If It Sounds Too Good To Be True, It Probably Is Many courses promise a six- or even seven-figure income with very little work. Be careful if the instructor is making these claims without evidence to back it up or making it sound a lot easier than you might imagine. Check sites like Glassdoor or or even the Department of Labor website, to see what the average professional makes in the field you plan to study. Understand what success might look like and what it could take to get there. Read Next: Here's How To Use AI To Quickly Start a Side Gig, According to Codie Sanchez It Promises Results Likewise, whether a course promises to make you a millionaire or just enough to pay off your student debt, be skeptical of any course that guarantees results. 'No course or coaching program should promise guaranteed results, because there are too many factors at play: timing, market demand and personal circumstances,' said Treasa Edmond, strategic business coach and 'Boss Responses' podcast host. 'Some people will succeed wildly. Others will struggle.' Further, no course should state or imply that you'll have success if you just read the materials. 'Passive watching doesn't lead to transformation, implementation does,' Edmond said. If you choose a course that seems like a good fit for your goals and you still don't succeed, Edmond pointed out that it doesn't necessarily mean the course is a scam. 'It just means the outcome depends on more than enrolling,' she said. The Instructor Doesn't Seem Reputable If a company or instructor has negative reviews, consider other options. On the other side of that coin, if reviews that seem over-the-top positive but vague, it's also wise to steer clear. Also, if a company has no social media accounts, especially if it's lacking a LinkedIn, this could be a red flag, Selzy explained in a blog post. You Won't Have Access to the Instructor Before you sign up, find out what support tools will be available throughout the program. A membership community where you can chat with other students, have live calls or get coaching from the instructor is often where breakthroughs happen.
Yahoo
07-05-2025
- Business
- Yahoo
Here's the Salary Needed To Actually Take Home $150K in Every State
With current cost-of-living demands, the inflation hangover of the COVID-19 era and the ongoing economic uncertainty generated by President Donald Trump's tariffs against America's trade partners, a healthy salary is more important than ever. The American middle class is making anywhere from $50,000 and $160,000 annually — so how much must one earn (before taxes) to be on the upper end of that spectrum, earning $150,000 per year? Check Out: The New Retirement Problem Boomers Are Facing Learn More: How Far $750K Plus Social Security Goes in Retirement in Every US Region To discern the salary needed to actually take home $150,000 in every state (each with different tax burdens and levels), GOBankingRates studied the federal and state income tax levels in each state, taking into account the standard deduction and individual tax burdens of the 50 states. With that information, GOBankingRates was able to calculate just how much you need to make annually to secure $150,000 per year, after taxes. Also see the breakdown to net $100,000. Alabama Income needed for $150K net: $213,336 Tax burden: 29.7% Also See: What Salary Single People Need To Live Comfortably in 100 Major US Cities Discover More: Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck Anfisa Tukane / Getty Images/iStockphoto Alaska Income needed for $150K net: $201,210 Tax burden: 25.5% Explore More: What Is the Estimated Median Income for the Upper-Middle Class in 2025? DenisTangneyJr / Getty Images/iStockphoto Arizona Income needed for $150K net: $207,920 Tax burden: 27.9% RoschetzkyIstockPhoto / Getty Images/iStockphoto Arkansas Income needed for $150K net: $213,964 Tax burden: 29.9% stellalevi / Getty Images California Income needed for $150K net: $226,584 Tax burden: 33.8% Colorado Income needed for $150K net: $213,917 Tax burden: 29.9% ©Zillow Connecticut Income needed for $150K net: $218,795 Tax burden: 31.4% Read More: Here's the Minimum Salary Required To Be Considered Upper-Middle Class in 2025 Holzman Moss Bottino Architecture / Wikimedia Commons Delaware Income needed for $150K net: $219,980 Tax burden: 31.8% aimintang / Florida Income needed for $150K net: $201,210 Tax burden: 25.5% Jacob Boomsma / Getty Images/iStockphoto Georgia Income needed for $150K net: $217,424 Tax burden: 31.0% © Hawaii Income needed for $150K net: $224,934 Tax burden: 33.3% Read Next: I'm a Financial Advisor — 10 Most Awesome Things You Can Do for Your Finances in 2025 Kirk Fisher / Getty Images Idaho Income needed for $150K net: $217,984 Tax burden: 31.2% pabradyphoto / Illinois Income needed for $150K net: $216,687 Tax burden: 30.8% Ultima_Gaina / Getty Images/iStockphoto Indiana Income needed for $150K net: $210,282 Tax burden: 28.7% Wirestock / Getty Images/iStockphoto Iowa Income needed for $150K net: $211,665 Tax burden: 29.1% Oleksii Liskonih / Getty Images/iStockphoto Kansas Income needed for $150K net: $218,436 Tax burden: 31.3% Consider This: 3 Signs You've 'Made It' Financially, According to Financial Influencer Genesis Hinckley ©Zillow Kentucky
