After the Death of a Loved One, Some Decisions Can — and Should — Wait
After the Death of a Loved One, Some Decisions Can — and Should — Wait
Mutual of Omaha
Losing a loved one can be heart-wrenching. But couple that with handling funeral arrangements and personal affairs, and it can be overwhelming.
“When you’ve lost a spouse or partner, it affects every part of your day-to-day life,” says Peter Lichtenberg, director of the Institute of Gerontology at Wayne State University in Detroit. “It’s such a reorganization of who you are. It’s like taking things and shaking them up.”
5 Financial Mistakes To Avoid in 2023 (and Beyond)
5 Financial Mistakes To Avoid in 2023 (and Beyond)
Heather Taylor Thu, March 2, 2023
The most financially savvy person isn’t immune to making money mistakes, and this is OK. Sometimes it can be helpful to check up on where you stand financially to ensure you’re not accidentally overspending on something you don’t need or putting off any financial commitments with deadlines.
Review some of these most common money mistakes and, if necessary, make the appropriate adjustments.
How Crazy Is This? No One Wants To Own the World’s Best Performing Industry
How Crazy Is This? No One Wants To Own the World’s Best Performing Industry
March 1, 2023 Simon Black, Founder Sovereign Research & Advisory
Benny Grossbaum was the embodiment of the American Dream.
Born in London in 1894 during the reign of Queen Victoria, Benny and his family moved to New York City (through Ellis Island) when he was still a baby.
At first the family was well off; his father ran a successful business, and they lived in a posh brownstone on Fifth Avenue in Manhattan.
Here’s How You Can Double Your Money Using the Rule of 72
Here’s How You Can Double Your Money Using the Rule of 72
David Nadelle Wed, March 1, 2023
For the climate-conscious, a marker of 72 may be good enough when you’re setting the thermostat. But when it comes to measuring money, the financially aware use lucky number 72 principally to calculate how long it will take to double their investments.
The Rule of 72 is a simple financial planning tool that can be used to calculate how fast your money will double at a given rate of return involving compound interest. Per SmartAsset, the mathematical equation is: 72 ÷ your compound annual interest rate = how many years until your investment doubles.
The Dangers of Closing a Bank Account
The Dangers of Closing a Bank Account
Crystal Mayer Tue, February 28, 2023
Whether it is because of an enticing offer from a competing bank or because you are merging accounts with a significant other, there may come a time when you decide to close an account. While there is nothing wrong with closing a bank account, you need to be sure that it is done the correct way in order to avoid certain pitfalls. An open line of communication with your financial institution is imperative to successfully closing an account and preventing any negative impacts on your credit or cash flow. By planning ahead and ensuring that you have a positive balance, you can mitigate the following risks associated with closing your bank account.
Biden Aims To Shatter Record For Fastest Tax Increase
Biden Aims To Shatter Record For Fastest Tax Increase
February 27, 2023 Simon Black, Founder Sovereign Research & Advisory
In 1969 while testifying to Congress, US Secretary of the Treasury Joseph Barr called out 155 Americans who were not paying their “fair share” of taxes.
Those 155 Americans had managed to reduce their federal tax liability to essentially zero by using perfectly legal deductions and credits in the tax code.
8 Steps To Improve Your Finances in One Year
8 Steps To Improve Your Finances in One Year
Feb 1, 2023 By Jordan Rosenfeld
Financial security is at the top of many people’s wish list. Whether you’re in a job that doesn’t pay what you deserve, you’ve got too much debt or your spending habits outreach your income — this next year can be the one where you finally improve your money situation.
Follow these expert tips to make it happen:
Are Americans Keeping Too Little Cash in Their Checking and Savings Accounts?
Are Americans Keeping Too Little Cash in Their Checking and Savings Accounts?
Casey Bond Monday, February 27, 2023
Choosing the right bank account is an important decision, as it can impact how easily you’re able to manage your daily finances. But you’ll also have to decide how much to keep in each account. Let’s explore some popular banking strategies to make sure you’re doing it correctly.
Which Bank Account, and for What?
Americans More Likely To Talk about Politics & Relationships than Money
Americans More Likely To Talk about Politics & Relationships than Money
A survey of 2,000 Americans found they're more likely to talk about politics and relationships with their friends than money
Tanza Loudenback Jun 16, 2021
Even after a year in which personal financial hardship dominated the national conversation, results from Insider's new Master your Money Pulse Poll suggest that Americans still aren't comfortable discussing money with friends.
If There Is a Recession, It Has Already Happened
If There Is a Recession, It Has Already Happened
2023 doesn’t look nearly as bleak as consensus economic forecasts and financial news reports suggest.
Bob Diamond, Larry Kantor Published on February 8, 2023
Arecession in 2023 seemed to be the consensus coming into the new year. That is no surprise, given that last year delivered the highest rate of inflation, the most monetary tightening in four decades, and an inverted yield curve. Strong January economic data—especially the U.S. employment report—may cause many forecasters to change their minds or delay the timing of an expected downturn to later in the year. But if this cycle ends up being designated as a recession, it’s already been underway for many months and will probably be over by the spring.
How Money Can Make or Break Your Relationship
How Money Can Make or Break Your Relationship
Pam Krueger Fri, February 24, 2023
One of the biggest financial decisions we will make in life has nothing to do with money. At least, not for everyone. It’s what billionaire investor Warren Buffett claims to be the most important decision he has ever made: choosing who to marry.
Love and money are often a volatile mix that makes or breaks a relationship, according to a survey from the Institute for Divorce Financial Analysts, with “money issues” being one of the leading causes of divorce. However, research shows that couples who are financially in sync often have stronger, happier, and longer-lasting marriages.