Personal Finance

Are we in for a Bitcoin (CRYPTO: BTC) Christmas? With the next Bitcoin halving expected in April 2024, a reduction in U.S. interest rates, and the spot BTC ETFs looking like an inevitability, there are clear drivers for Bitcoin’s march forward. Still, close observers warn that Bitcoin may not...

As financial institutions continue to raise their certificate of deposit (CD) rates, American savers find themselves presented with increasingly attractive opportunities to grow their money. These developments have been spurred by multiple Federal Reserve rate increases since March 2022, which have...

Inflation has been a prominent topic for several years, and most Americans are aware of the Federal Reserve’s efforts to combat it by raising interest rates.  But not everyone realizes that these actions have far-reaching implications beyond those for prospective homebuyers. The Federal...

In the ever-evolving landscape of retirement aspirations, Americans find themselves adjusting their financial targets for the golden years.  The new magic number is $1.8 million, up from the previous benchmark of $1.7 million, According to the latest 401(k) Participant Study by Charles Schwab...

Ever felt a wave of nausea wash over you when looking at your brokerage statements? Or better yet, every been afraid to open your brokerage statements? You're not alone. Brokerage Statements can be overwhelming, and the root cause of this unease may be more complex than you think. In this blog...

The paycheck-to-paycheck tango is familiar to many, and it has a common refrain: ‘If only I made more money.’ But is this dance a result of an income shortfall or spending habits gone astray? Let’s say you meet an extremely successful professional who earns $1 million every year,...

Contrary to common expectations, the average inheritance American households receive is lower than many expect.  A common misconception is that inheritance amounts are generally substantial, but data suggests otherwise. The Federal Reserve’s Survey of Consumer Finances from 2016 to 2019...

The majority of us have been told saving for retirement starts with a 401(k). 401(k) is actually the section of the tax code that allows earners and employers to create an account that is not taxed at the time of earnings. The strategy is that money is taken directly from earnings, pre-tax, and put...

For those aiming to boost their retirement funds significantly, converting $100,000 into $1 million is a challenge but achievable. Saving for retirement is a fundamental part of financial planning, where starting early can significantly enhance the growth potential of your savings.  While a...

In the financial game, capital gains tax can feel like a persistent hurdle, chipping away at your investment returns year after year. But there’s good news: With a bit of know-how and some smart planning, you can minimize its bite.  Capital gains tax is essentially a tax on the profit...

In an era where wealth and well-being are closely intertwined, a recent survey sheds light on an interesting aspect: People with more than $1.2 million in assets experience increased happiness when they engage the services of a financial adviser. The survey uncovers a significant correlation...

The latest Federal Reserve study revealed a concerning trend among American households, particularly those outside the wealthiest 20%, according to a Bloomberg report. Since the onset of the COVID-19 pandemic, they have depleted their extra savings and have less liquid assets than they had before...

47 Terms Every Investor Needs To Understand By Age 30 (If you want to have a shot at being a millionaire by 40): Asset allocation - the percentage of each asset you own Diversification - when you own different types of assets Mutual fund - a pool of money from investors to invest in groups of...

While the media and most Americans today are talking about how inflation is ravaging our economy lately, few truly understand what inflation actually is, how it works, and most importantly, how to adapt to minimize its adverse effects in their lives. So in this article, I’m going to break all...