Pete the Planner: Don’t swap out for a tony house. Stay put.
I’m having a hard time getting my head around the logic in buying a new home (with the use of a mortgage) for those people who currently have mortgage rates in the 2% to 3% range.
Investing Column
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Mickey Kim and Roger Lee: Microsoft’s ‘Sydney’ chatbot shows the dangers of AI
At the same time, we can’t help but see the similarities between the hype surrounding how AI is going to disrupt the way we live and learn with the excitement over how cryptocurrencies were going to replace government-issued currencies and “de-fi” (decentralized finance) was going to render our current financial system obsolete.
Jalene Hahn: Couples and money: Opposites attract, blend over time
Money management is different in that we tend to be drawn to others that complement our natural approach.
Pete the Planner: Living downtown offers economical, intangible benefits
Of course, living downtown isn’t for everyone, especially in particular stages of life, but it’s a brilliant choice for those whose lifestyle affords it—and I don’t just mean in the financial sense.
Pete the Planner: Life changes? Go see your financial planner—now
You listed nine instances in which you should have reconnected with your financial adviser. You are zero for nine.
Mickey Kim and Roger Lee : Dominoes fall as former crypto titans bite the dust
Indeed, the very first Bitcoin was “mined” in 2009. By late 2021, the market value of cryptocurrencies reached a staggering $3 trillion.
Pete the Planner: Ask vulnerable questions to avoid overconfidence
People’s financial success can be impacted by what they choose to place their confidence in. False financial confidence is frequently rooted in denial, ignorance and delusion.
Jalene Hahn: Keep savings going from Dry January to Frugal February
Regardless of your participation or success with “Dry January,” “Frugal February” is a chance to focus on your financial health.
Kim and Lee: COVID put ‘globalization’ in ICU; Putin pulled the plug. Now what?
The combination of COVID and Russia’s invasion of Ukraine delivered the coup de grace to globalization by exposing the fragility of interdependence and risks of offshoring.
Pete the Planner: ‘Feels good, is good’ is the mantra for this year
It’s amazing how quickly you can find yourself highly confident with low stability
Pete the Planner: Yes, a financial planner is really worth the money
Most people who read my column in the Indianapolis Business Journal do currently need a financial adviser. I’m not trying to trap you, me or the financial planners in a web of semantics, but I think details matter.
Insurance: It’s all the same until there’s a claim
Often, policies will come with additional types of coverage. Some are standard in a policy, and others cost extra.
Pete the Planner: So you’ve been laid off. Here are your first steps.
Income, expenses and benefits are the issues that create the headaches. And they have this supernatural way of amalgamating themselves into this seemingly insurmountable problem, which oddly can be solved only if you’re able to separate them back into individual challenges.
Pete the Planner: Looking for a silver lining? Check your ‘power percentage’
Investing a healthy portion of your income is a good idea in great market years, and it’s an even better idea in bad market years.
Kim and Lee: Interest rate hikes strip veneer from glamorous growth stocks
Warren Buffett famously said, “It’s only when the tide goes out that you learn who has been swimming naked.” Indeed, ultra-low interest rates were the tide that lifted all boats.
Jalene Hahn: Know the signs of financial abuse to protect seniors
Perpetrators of elder theft are often people known and trusted by older adults.
Pete the Planner: Why does ‘extra’ money feel so disposable?
My immediate inclination is that the found money feels like a gift.
Kim: ‘Buy the dip’ but beware of tax pitfalls as year ends
Absent a bodacious post-midterm election bounce and/or late-year “Santa Claus” rally, stock and bond mutual funds seem likely to end 2022 in deeply negative territory.
Pete the Planner: Don’t let one house mistake lead to something worse
You have two primary options: Refinance to a fixed rate mortgage or move.
Jalene Hahn: Planning for lifetime tax minimization has benefits
In addition to annual tax planning, one concept to consider is looking at lifetime tax implications and trying to achieve lifetime tax smoothing.