If you’re looking to buy a new car, it’s essential to think about the long game. Prices are high and new cars notoriously start losing value the instant they leave the lot. So you’re wise to think about this big investment in terms of both what you can afford now and of what your new … Read more
Editor’s Note: This story originally appeared on Boldin. Roth conversions are one of the most effective planning strategies for managing taxes over your lifetime. When used thoughtfully, they can reduce future tax risk, increase flexibility in retirement, and help smooth income across different phases of life. Once you’ve decided that Roth conversions may make sense … Read more
For decades, the financial industry has obsessed over that magical seven-figure balance in your 401(k) that supposedly signals you are ready to quit the rat race. But new data suggests that retirees are no longer fixated on how much they have saved. They are worried about how long it will last. According to a recent … Read more
I’ve been writing about personal finance since the early ’90s and investing in stocks since the early ’80s. One thing I’ve learned: You can’t stop the future, but you can prepare for and profit from it. Perfect example: These days, we’re seeing headlines about retail recessions and warehouse automation replacing human workers. I recently read … Read more
I bought my first stock more than 45 years ago. Since then, I’ve lived through the crash of 1987 (Black Monday), the dot-com bubble, the Great Recession, and the post-pandemic inflation spike. Market cycles change, but one thing never does: human nature. In my four decades of watching people try to build wealth, I have … Read more
If you are shopping for an engagement ring right now, you have probably already heard the pitch for lab-grown diamonds. They are chemically and physically identical to mined diamonds, but they come with a significantly smaller price tag. But while you might be saving money compared to a natural stone, a recent investigation by CBC … Read more