Riley Adams

San Francisco Bay

Founder and CEO at WealthUp

NOLA ➡️ Bay. #CPA & Ex-Finance @google. Founder and CEO of Young and the Invested (@youngandtheinv). @kiplinger, @marketwatch and @apnews contributor.

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Articles

Navigating Taxes After a Layoff: A Must-Read Guide

1 day ago | wealthup.com | Riley Adams

A sudden, unexpected job loss is one of the most trying financial situations a person will ever face. Your focus has to quickly shift to your immediate-term income situation. How much longer will you collect a check? Will you get severance pay? Will you collect unemployment? Will you start a side hustle?
18 Statistics That Reveal How Ready Gen X Is (or Isn't) for Retirement

1 day ago | wealthup.com | Riley Adams

Generation X is often referred to as “the forgotten generation,” and that rings true in various facets of life—including retirement. As far back as the turn of the century, the financial media’s attention was laser-focused on the eventual (and, starting in 2011, actual) retirement of the Baby Boomer generation. We still have several years before all Baby Boomers hit retirement age, and the conversation is shifting … but largely toward Millennials and how ready they are for retirement.
Rule of 55: The 401(k) Trick That Lets You Retire Early

1 day ago | wealthup.com | Riley Adams

Tax-advantaged retirement accounts aren’t exactly known for their liquidity, and that’s largely thanks to a number of pretty strict rules, with only a few exceptions, governing when you can pull out your funds. But if you find yourself needing to retire early, you might find one carve-out particularly helpful: The rule of 55. Listen, there’s no “right” retirement age. Some people choose an early retirement in their 50s and even 40s.
Ditch the One-Size-Fits-All Funds?: Direct Indexing Pros + Cons

1 day ago | wealthup.com | Riley Adams

Much like real estate is all about “location, location, location,” for most long-term investors, portfolio construction is all about “diversification, diversification, diversification.” A diversified set of holdings is a must not only in protecting your nest egg and dampening volatility, but also ensuring you’re exposed to several avenues of return—not just one.
Investments to Shield Your Taxable Brokerage Account

2 days ago | wealthup.com | Riley Adams

If you want to invest, you’re going to need an investment account. It’s just that simple. And one of the biggest decisions you’ll need to make is whether you’re going to invest through a taxable account, or a tax-advantaged retirement account, or both. Today, we’re going to talk about taxable investment accounts.
3 Retirement "Rules" You Can (and Maybe Should) Break

2 days ago | wealthup.com | Riley Adams

If you’re reading this because you think you’re following some antiquated retirement advice … well, you very well might be. We’re not throwing shade at anyone. Often, people give advice based on what worked for them—which makes it great advice for them, just not necessarily great advice for you.
Prevent Retirement Ruin: 10 Common Retiree Financial Mistakes

2 days ago | wealthup.com | Riley Adams

The early days of retirement require a lot of adjustments. Your entire day is different. The company you keep will likely shift. And your finances will change a lot, too. As you’d expect, then, people don’t just glide into retirement with a perfect understanding of how their pursestrings will work. You’ll budget, you’ll plan, you’ll have an educated guess—but you’re still going to have to figure out the exactitudes of rubber meeting road.
Retirement Reality Check: 13 Insightful Baby Boomer Retirement Statistics

2 days ago | wealthup.com | Riley Adams

Baby Boomers have seen a litany of changes throughout their lives—and that includes the institution of retirement. A “boom” of births in the years following World War II led to these newborns to be dubbed “Baby Boomers.” The generation is made up of people born between 1946 and 1964. And throughout Boomers’ lives, the retirement planning world underwent changes so substantial that they couldn’t simply follow their parents’ paths to retirement.
Gifts That Keep on Giving: 10 Fabulous Financial Gifts for Kids + Babies

3 days ago | wealthup.com | Riley Adams

Want a challenge? Try coming up with gift ideas for a child. You want to give a child something they’ll enjoy. But you also don’t want it to break after just a couple of uses. You’d probably also like it to be something educational. You might even want it to have real, lasting value over the years. That’s a lot of boxes to check—but one particular idea can hit them all. Financial gifts are a perfect idea for the babies, children, kids, grandkids, nieces, nephews, and other youngsters in your life.
401(k) Balances: Average Savings from Gen Z to Baby Boomers

3 days ago | wealthup.com | Riley Adams

The simple act of thinking about retirement is exciting for some … but nerve-wracking for others. And it largely comes down to how much they have in their retirement accounts. Retirement anxiety is very real, and very understandable: Running out of money at an age when it’s difficult to make more money is a terrifying thought. Indeed, it’s that very fear that compels us to stash money away for retirement and feverishly check our 401(k) balances.