Sadly, Silicon Valley Bank (SVB, $SIVB), the 16th largest bank in America at the end of 2022, experienced a bank run. Now the contagion has spread to other regional banks such as First Republic Bank, Signature Bank, Zions Bancorp, PacWest, Comerica, and Charles Schwab. Even the largest banks were getting hit as well. Ultimately, The […]
How To Prepare For Another Bank Run As The Contagion Spreads Read More »
The tax-now Roth IRA will increase in popularity over the coming years. Let me explain why. When Congress passed the Tax Cut and Jobs Act (TJCA) of 2017, it inaugurated an eight-year period of the lowest tax rates in American history, which started on January 1, 2018. However, due to the sunset clause that was
Shifting Retirement Assets From Tax-Deferred To Tax-Now By 2026 Read More »
I finally understand why I haven’t been able to shake the niggling stress I’ve been feeling lately. Despite writing less, doing fewer business deals, and exercising more, I still feel this gnawing pressure because I’m responsible for investing my immediate family’s money. When you invest family money, family money always feels more important compared to
Investing Family Money Can Be A Stressful Full-Time Job Read More »
Some Americans fear higher taxes so much they are willing to move. The capital gains tax rate might go up. The step-up basis might go away. And the top marginal income tax rate might go up too. Therefore, may I present the best life hack for Americans: taking advantage of Canada! I’m always looking for
The Best Life Hack For Americans: Taking Advantage Of Canada Read More »
Are you interested in learning about the secret to perfect happiness? The answer is to make over $500,000 a year, a top one percent income. Earning $500,000 is the start of the top 1% income threshold in America. In an amazing Gallup poll highlighted by the Wall Street Journal, it says that 100% of those
The Secret To Perfect Happiness Revealed! Make Over $500,000 A Year Read More »
The 2024 Social Security COLA (Cost Of Living Adjustment) for over 71 million Americans is +3.2%. What was even more impressive was the 2023 Social Security COLA was a whopping 8.7%! An increase of that size is both huge and head-scratching. The 2023 Social Security COLA is huge in comparison to 2024 and prior years
The Social Security COLA Is Huge: Traditional Retirees Rejoice! Read More »
Why The Federal Reserve Does Not Control Mortgage Rates
The Federal Reserve Doesn’t Control Mortgage Rates, The Market Does Read More »
Much has been said about inflation hurting society. As people’s buying power decreases, life gets more costly. Heck, the Fed seems hell-bent on causing another recession to contain inflation. However, as I look at the historical price changes of some of our most important consumer goods and services, I can’t help but think combatting inflation
Combatting Inflation Is Straightforward But Not Easy Read More »
Taxes are most likely our largest ongoing liability. Therefore, we should understand the latest tax brackets for 2023. I go through this exercise every year to guide how I will spend my time, my most valuable asset. Based on a thorough understanding of the 2023 tax brackets, we can then logically come up with the
2023 Tax Brackets: The Best Income To Live A Great Life Read More »
In 2023, I couldn’t help but shovel more money into Treasury bonds. With 3-month-to-2-year Treasury bonds yielding 5%+, I felt like the guaranteed return was too high to pass up with about half of my new free cash flow. But the more Treasury bonds I bought, the more I wondered whether I would regret the
Why You Won’t Regret Buying Treasury Bonds Yielding 5%+ Read More »
