Wealth and Wisdom: Week of March 22, 2021
It was great being on KMOX with you yesterday afternoon. Looks like they’ve got me penciled in at least one more time before the Cardinals regular season begins – next Sunday, March 28 from 3 to 5 p.m. Hope you can join me!
In the meantime, I’m also updating our new blog every week. And we’re frequently adding content on LinkedIn as well. Feel free to connect with me and we’ll stay in touch.
Have a great week!
Tax hikes could be coming
President Biden is planning major tax increases on corporations and high-income individuals – the first in nearly three decades. (Reading time: 6 minutes)
Priced out of a college degree
A growing number of students say they can no longer afford the cost of college – which is still rising much faster than inflation and family income. (Reading time: 4 minutes)
Is this a stock market bubble?
There’s plenty of anecdotal evidence, but the numbers don’t support the bubble thesis – at least not yet. (Reading time: 6 minutes)
The Buffett Indicator
This popular ratio compares stock prices with the U.S. economy – and it’s been flashing red for a while now. (Reading time: 5 minutes)
A raise for Social Security recipients
The Kiplinger Letter is predicting a 3% cost-of-living increase in Social Security benefits next January – the largest since 2012. (Reading time: 3 minutes)
Put that tax refund to good use
Here are five ideas that could pay you back several times over for years to come. (Reading time: 4 minutes)
Roth IRA conversions
There are several advantages to converting traditional IRA assets to a Roth IRA – especially early in retirement. (Reading time: 5 minutes)
Retiring at 50: The pros and cons
To retire early, you’ll need to balance a healthier, lower-stress lifestyle with several challenging financial issues. (Reading time: 5 minutes)
More life lessons from Morgan Housel
On saving, spending, investing, and teaching your children about money. Good stuff. (Reading time: 3 minutes)
Mike’s Pro Tip of the Week
You’ve still got time to fund both your IRA and a health savings account (HSA) for tax year 2020 before the April 15 deadline. Both types of account offer tax advantages if you qualify – and their limits are over and above whatever you contribute to 401(k)s and similar retirement plans at work.
Words to the Wise
"When you buy something where you are hoping that tomorrow it will be priced higher, you are counting on more people continuing to buy it, and eventually it comes to a bad end. Generally, when buying non-productive assets like cryptocurrencies, you are counting on someone else to buy it for more. It has been tried with tulips and other things in history and usually it has ended badly. If you bought gold in the time of Christ and calculated its compounded annual return until now, it is less than 1%."
– Warren Buffett
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