If you’ve got investment income, especially anything involving capital gains, tax-loss harvesting or the wild world of cryptocurrency, you might want someone who understands the tax code better than you do.
It’s about the bigger question: Are we actually seeing progress, or are we in a new normal?
The problem isn’t the difference in approach—it’s whether you can discuss and navigate these differences without causing financial (or emotional) ruin.
And you should stop viewing advisers as disposable.
Whereas I’m not anticipating a life of dodging wildfires here in the Midwest, it’s not too far-fetched to imagine other disasters impacting my ability to live the life I’ve dreamed of living.
If you’re going to take the time to set goals for this year, just make sure the goals matter.
There are three distinct reasons you specifically should aim for at least a $400,000 nest egg.
Whether it was one of the major mechanicals going out, a frozen pipe, or simply a renter getting behind on rent, my brain could no longer handle the drama.
The truth is, we all have elements of our life where we either excel or struggle to stay as disciplined as we like.
Financial planning isn’t as flashy as talking about the latest market trend or stock pick, but it’s crucial to living a financially sound life.
Car loans aren’t like those big, long mortgages where you save tens of thousands by shaving off a percentage point or two.
It’s like watching someone walk a tightrope and realizing halfway across that they’ve never practiced before—and now they’re teetering on the edge.
Talking about net worth also brings a harsh reality check.
I’ve never needed a hobby so badly in my life. It’s not that I have tons of free time that needs to be filled; instead, I need something to divert my brain’s attention when I’m not at work or spending quality time with my family. Left unaddressed, my brain triggers into fits of work spasms […]
Said in a different way, what if you returned leftover resources to the community pool?
A stakeholder is any person or entity that has an interest or concern in the direction of an enterprise.
But you do have the ability to know a lot more things about your financial life than you are currently attempting to know.
What’s the monthly financial gap between your current life and the life you are aspiring to? This allows you to park the scary thoughts to the side and instead make decisions based on real numbers.
Dear Pete, I’ve started to look through some of my elderly father’s investments, and I’m finding myself in shock over some of the products he has been sold. Between high investment management fees, long surrender periods on annuities and inappropriate levels of risk, my head is spinning. What do I do? Do I file a […]
Given the many inconveniences in our personal finances, it’s surprising there’s not more focus on how we respond to negative outcomes.
