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May 4, 2025
By
The Admiral Staff
Losing a long-held job can be disorienting, but it’s also an opportunity for a fresh start. The article outlines 15 steps to navigate this transition, including negotiating your exit package, seeking legal advice, and exploring new avenues like consulting or starting a newsletter. It also suggests leveraging resources like unemployment benefits, networking events, and upskilling through certifications, while encouraging reflection through a strategic sabbatical. Ultimately, it emphasizes the importance of personal branding and considering options like franchise ownership
April 5, 2025
By
The Admiral Staff
Housing costs are rising faster than incomes, impacting many Americans. To combat this, homeowners can explore several strategies to reduce mortgage payments and overall housing expenses. Options include loan modifications, eliminating private mortgage insurance (PMI) through a larger down payment or alternative loan structures, buying a less expensive home, downsizing, refinancing, reducing property taxes and insurance costs, making extra payments, and strategically utilizing credit card offers. Careful planning and consideration of long-term costs are essential when making decisions about mortgage management.
February 12, 2025
By
The Admiral Staff
The article explores the difficult decision of whether to repair or replace an aging car, especially given rising car prices, interest rates, and insurance costs. It advises assessing your car’s value, getting repair estimates, and considering your financial situation. Factors to weigh include the amount owed on the vehicle, repair costs versus the car’s value, and its overall health. The author ultimately chose to repair their Mini Cooper due to safety concerns and manageable repair costs, considering the car’s remaining lifespan and lower
February 9, 2025
By
The Admiral Staff
Self-employed individuals, freelancers, and gig workers often lack traditional employee benefits and retirement plans, leaving them responsible for their own retirement savings. The article outlines two main types of retirement accounts: defined benefit plans (like pensions) and defined contribution plans (like 401(k)s). For the self-employed, viable options include the Individual Retirement Arrangement (IRA), Roth IRA, Solo 401(k), SEP-IRA, and SIMPLE IRA, each with different contribution limits
January 30, 2025
By
The Admiral Staff
The article discusses the 50/20/30 budgeting rule, popularized by Elizabeth Warren, which suggests allocating 50% of after-tax income to essential living expenses, 20% to financial goals, and 30% to personal spending. However, the article notes that rising housing costs and income inequality make this rule increasingly unrealistic for many Americans. While it can be a useful tool for those with sufficient income, the piece offers alternative strategies for those struggling to meet essential
