Reddit, Facebook, and other forums are great places to have a personal financial conversation.
the main points
- Taxes in Retirement from Andy Panko is a rapidly growing community for those of retirement age or about to retire with tax questions and more.
- Reddit’s r/PersonalFinance is an affiliate store with tens of millions of members talking about everything from insurance to employment.
- The Bogleheads Forum is a tightly knit group with a healthy skew towards investing.
If you can imagine it, you will probably find it on the Internet. So it should come as no surprise that millions of people around the world are turning to the Internet to find groups of like-minded personal finance geeks. Which of these societies is right for you? Read on to find out.
1. Taxes in retirement
the society taxes in retirement Facebook invites home. The group was originally founded in March 2020, and now has more than 32,000 members. What is the reason for this rapid success?
The mission of the group is simply to be a place to learn and share knowledge Tax-Efficient Retirement Planning. The forum allows users to tell their stories and seek advice from an understanding community. Many posts in the group begin with the words “I’m at age X” before describing their situation and asking for advice. The group has a lot of personality, which is likely the reason for its explosive growth.
Another factor that may contribute to the group’s success is the stellar equinox team. Andy Bankow, CFP®, RICP®, EA, is the group leader and often influences the group discussion. His experience as a financial planner and owner of Tenon Financial makes him a valuable resource for those seeking advice as they approach retirement.
Reddit is known for having subgroups of almost every kind, and personal finances are no different. The largest personal finance community is r / personal financewith over 16 million members.
The subreddit is home to a wide range of discussion topics, including Debt repaymentCredit, Budget, Insurance, Taxes, Retirement and more. Users can filter these topics to find the posts that are most relevant to them. Additionally, the subreddit has a comprehensive wiki with detailed information on the above topics and many more.
Still can’t find what you’re looking for? Post a question on the forum and watch the Reddit machine do its magic. The community is very active, with posts garnering thousands of upvotes and hundreds of comments in just a few hours.
Inspired by the late financial thinker John Bogle, the Bogleheads are a group that preaches for the long haul investment (Usually in low-cost index funds). Bogleheads Forum She keeps the Bogle legacy alive with over six million posts covering nearly half a million topics.
The forum may have started as a place to discuss investments, but it has grown into a place for all things personal financing. Posts are grouped daily into one of three categories. Personal investments include trades made by forum members, while the investment category covers theory, news, and more. In addition, the Personal Finance category includes all topics that are not investment, but related to finance, such as insurance, credit, real estate, taxesand legal issues.
But community isn’t the only thing that attracts new Bogleheads. The forum includes links to a comprehensive wiki that covers everything from asset classes to indexing. The wiki remains true to John Bogle’s philosophy of early and frequent saving, diversification, and a true understanding of one’s investments. In addition, the Bogleheads blog provides access to videos, podcasts, and webinars that explain key financial concepts.
word of warning
Online forums can be a great way to build Financial Literacy, but may not be the best for a specific tip. As always, some comments are helpful and informative while others may be less helpful. Practice skepticism and always look for another source of information before acting on any advice given in an online community.
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