Advanced Wellbeing offers financial therapy insights each week to inform more details about financial therapy.
International diversification has long been part of a balanced investment strategy. Rick Kahler explores why looking beyond U.S. stocks may matter more than ever in today’s changing global economy.
International diversification has long been part of a balanced investment strategy. Rick Kahler explores why looking beyond U.S. stocks may matter more than ever in today’s changing global economy.
The “Trump account” savings vehicles that were created as part of last year’s “Big Beautiful Bill” are now available. If you have children younger than 18, should you open one of these 530A accounts for them?
The “Trump account” savings vehicles that were created as part of last year’s “Big Beautiful Bill” are now available. If you have children younger than 18, should you open one of these 530A accounts for them?
The “Trump account” savings vehicles that were created as part of last year’s “Big Beautiful Bill” are now available. If you have children younger than 18, should you open one of these 530A accounts for them?
On July 3, speaking at Mount Rushmore, President Trump warned of a resurgence of the “communist menace” in this country and called it “a mortal threat to American liberty.” Is it? Only if the United States ever became a purely communist system, which no country has ever done. Communism is not threatening our economic freedom.
Let’s start with the disclosure: I enjoy betting—though I’m too frugal to ever risk more than maybe 20 bucks. I’ve wagered on World Cup soccer games and political races. To me, calculating the odds and analyzing predictions is a game, an inexpensive form of entertainment.
You might think, then, that I would be a fan of online betting venues like the prediction platform Polymarket. I am not
A client called me last week wanting to know how to claim a $7,500 tax refund he thought he’d missed.
His question was based on an email sent in early July to Social Security recipients from Frank J. Bisignano, commissioner of the Social Security Administration. It read in part: “. . . over 35 million American seniors received an average of $7,500 in relief this tax season.”
Many observers expected that the Federal Reserve interest rate was likely to be lowered when Kevin Warsh replaced Jerome Powell as board chair. President Trump’s nomination of Warsh came after strong demands from the president for aggressive rate cuts. With recent price and inflation numbers, however, it appears that rates might be going up instead of down.
How is it possible that consumer sentiment is at an all-time low while stock prices hit all-time highs? This disconnect is not what usually happens. Stock prices and consumer confidence tend to move together because they draw on the same conditions: a growing economy where people are working, earning, and expecting more of both. In forty years as a financial advisor, I have never seen a market this confusing to investors.
