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.
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?
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.
If your elderly mom needs assistance with daily money matters, but you live three states away, where do you find the help she needs? For years the best I could offer in this situation was a referral to a bookkeeper. Now I know of a better option—a daily money manager.
If you’re wading through the process of preparing your tax return, you may well be asking, “Why does this have to be so complicated?” Even financially savvy people find themselves second-guessing what qualifies, what doesn’t, and what changed this year..
Early last year, drama around tariffs dominated news headlines, market predictions, and interactions between the US and our allies. Yet most Americans saw little immediate impact on prices for goods. By the time higher prices showed up, the news cycle had moved on. The gap between imposition and impact is part of what makes tariffs so confusing and so politically durable.
Capping interest rates, as the White House has recently proposed, is an age-old idea that always sounds good in hard times. The argument is simple. Interest rates feel painfully high, families are struggling, and something should be done to protect consumers from unfair lending practices. Yet the downside of price controls applies to interest rates as well.
Creativity is just as essential in personal finance as it is in art or science. And no, I’m not talking about the kind of “creative accounting” associated with lying to the IRS.
Money usually calls to mind budgets, spreadsheets, investment returns, and tax brackets. You might think of creativity in terms of painting, music, or theater. But creativity is far broader than that. It’s about seeing new possibilities and bringing your authentic self into the moment.
Cancel culture has caught up with this year’s Christmas column. I can’t bring myself to write another column with sensible guidance we all know and rarely follow. “Make a list and stick to it. Set a budget. Avoid credit cards. Give homemade gifts. Remember the reason for the season.” This advice skims over the deeper forces at play in December. Holiday overspending doesn’t happen because we’ve forgotten how to add. It happens because we’re human.
