Bob Sullivan

Contributor

About

Bob Sullivan is a Peabody-award winning journalist and the author of five books, including New York Times Best-Sellers, Gotcha Capitalism and Stop Getting Ripped Off! He spent nearly two decades working at MSNBC.com and NBC News, and he still appears on TODAY, NBC Nightly News, and CNBC. He now writes The Red Tape Chronicles column at RedTape.Substack.com and hosts a podcast about the unintended consequences of technology.

1 year ago

SEP IRA vs Solo 401(k): Which Should You Choose?

The ranks of self-employed Americans have grown. According to the Bureau of Labor Statistics, more than 16.5 million Americans reported themselves as self-employed in September 2023. That's more than 10% of all working Americans. Working for yourself doesn’t mean you...
1 year ago

Top 10 Retirement Tips For 2023

Lists of retirement advice for the year to come generally all sound the same—but that’s not the case this year. The 2023 retirement outlook includes a host of obstacles, such as high inflation and rising interest rates. These trends have...
2 years ago

Guide To Dividend Investing For Beginners

Buying the stocks of companies that pay good dividends is one of the best ways to invest. Because you’re investing for slow, steady payments in more mature companies, some might even call dividend investing boring. But dependable returns are never...
2 years ago

How To Survive A Stock Market Crash

There's an old saying on Wall Street: If you don't sell it, you haven’t lost it. In other words, the value of your investments doesn't really matter until the day you need to cash out, so don't worry about the...
3 years ago

How To Weather A Stock Market Correction

At the outset of the Covid-19 pandemic, we endured one of the deepest and quickest corrections in history (some might call it a crash, but both terms would be accurate). The S&P 500 lost 30% in a matter of weeks—and...
3 years ago

Average Stock Market Return

Whenever there’s a period of extreme market volatility, new investors might wonder if it’s really worth keeping their money in the stock market at all. This was especially true in the first half of 2022 when stocks entered a bear...
3 years ago

How Does The Stock Market Perform When Interest Rates Rise?

Congress has tasked the Federal Reserve with the job of keeping the U.S. economy running as smoothly as possible. If the Fed believes the economy is lagging, it can cut the federal funds rate to make borrowing money cheaper for...
3 years ago

Make A Retirement Planning Checklist

Retirement planning can inspire a lot of contrasting emotions. There's the excitement of making travel plans, sleeping in on Mondays and saying goodbye to the boss. And there's also the fear of outliving your money, boredom or making a huge...
3 years ago

Top 9 Investing Trends For 2022

Think back to a year ago. Everybody was ready for a booming economic recovery and a summer of love in 2021, all made possible by Covid-19 vaccines. Some were even saying the end of the pandemic was in sight. Then...
3 years ago

Early Retirement After A Layoff

Kellye Connell Finch was living out her last year as a 50-something, coasting towards retirement, when downsizing abruptly changed her well-laid plans. Like millions of older Americans during the current crisis, Finch lost her job and had to face the...
4 years ago

9 Tips For Paying Down Debt In Retirement

In a mythical American past, families took out one 30-year mortgage, worked at one company for 30 years while paying off the mortgage and sailed off into retirement free of debt. Today, the reality is that the dream of retiring...
4 years ago

Should You Pay Off Debt Or Save For Retirement?

It’s the Coke vs. Pepsi debate of personal finance. When you have extra money at the end of the month, should you pay down debt or bulk up your retirement savings? Ask this question at a party of financial advisors...