How we consume energy is one of our most pressing environmental issues and significantly impacts our climate. With fossil fuels such as coal, oil, and natural gas making up much of current energy consumption, the global push for more sustainable energy sources has never been more urgent. Clean energy technologies, including solar, wind, water, and […]
There’s an old adage that cash is king, but in times of soaring inflation is it really a good idea to be holding significant amounts of cash? Liquidity is important. Some would say more so than ever in tough economic times. None of us want to be caught without an easily accessed emergency fund in […]
My personal experience agrees with Fed data… We’ve been building our wealth for three decades now. Starting from a negative net worth in 1992, we could now stop working (if we lowered our standard of living from great to merely good). My projections show we should reach work-optional status at our current standard of living […]
As anxiety over a seemingly imminent recession grips investors and analysts worry about a debt ceiling crisis and more bank failures, gold is having a moment. At the start of May, the price of the ancient commodity is near historic highs, at over $2,000 per ounce. The price is not only buoyed by investor sentiment […]
Is a 401(k) plan worth it? This is a question on the minds of many people trying to decide if this retirement account offered through their employer is better than other savings options like an Individual Retirement Account (IRA). Having invested through 401(k) plans and their 403(b) cousins for a quarter century, I can speak […]
Is your financial situation getting increasingly complex? Maybe your salary has stepped up a notch, and your tax bill’s gone with it. Or perhaps you now have millions in investable assets and an old estate plan that’s unfit for purpose. Or maybe you’ve inherited a large sum of money and don’t have a clue what […]
It seems designed to be as confusing as possible. Yeah, I’m talking about the U.S. tax code, with its 10,000+ sections, and 6,980 pages. Adding all the regulations, interpretations, and official tax-law guidance, you get to ~75,000 pages! But do you know what that means? Nearly endless opportunities to reduce your taxes, and some can […]
All right, let’s be honest personal finance can get complicated fast, and retirement planning is only one aspect. The question that we are going to answer in a moment is, can you have more than one Roth IRA? For those unfamiliar with what a Roth IRA is we’ll get more into details later, but essentially […]
Studies show that women have better investing outcomes than men, despite claiming less knowledge and confidence, which I find fascinating. These stats also make me feel quite smug about the countless conversations I’ve had with men who just can’t help but monkey around with their investments, thinking they can time the market and get out […]