Wealth and Wisdom: Week of April 12, 2021
I’ll remind you – as if I needed to – that the tax filing deadline has been postponed to May 17 this year, so try to relax a little this week.
If you’re looking for a well-written summary of all the things on investors’ minds these days – infrastructure spending, inflation, the economy, financial markets – I highly recommend the Investment Strategy Quarterly report just released by my firm. Unlike a lot of Wall Street research, I think you’ll find it readable, understandable, and insightful.
Have a great week!
Biden tax plan: the latest
The president’s bold plan to raise taxes might be too ambitious for some within his own party. Here are the latest details. (Reading time: 5 minutes)
Will a Roth IRA conversion help you?
It’s just one strategy high-end taxpayers are considering to soften the impact of future tax hikes. (Reading time: 4 minutes)
The growing threat of higher inflation
Many believe the recent surge in government spending will spark higher prices. Here’s just about everything you could want to know about inflation. (Reading time: 18 minutes)
Some college debt will never be paid off
And it was never meant to be. That’s how our strange student loan system was designed. (Reading time: 2 minutes)
Kids aren’t learning about money
The year-long pandemic is disrupting personal finance education – just when it’s needed most. (Reading time: 6 minutes)
Managing your time working from home
Here’s a 7-step plan for getting life done while working remotely. (Reading time: 5 minutes)
Spring cleaning for your finances
Don’t stop with the house – use this simple process to straighten out your finances once each year. (Reading time: 5 minutes)
How to build an emergency fund
A few hundred dollars can stand between you and financial disaster – here’s where to start looking for it. (Reading time: 8 minutes)
Your kids don’t want your stuff
Here’s a list of 10 things your kids would prefer you not offload on them when you decide to downsize. (Reading time: 3 minutes)
Mike’s Pro Tip of the Week
How do you think you’re doing financially? Has the pandemic thrown you off your game? The Consumer Financial Protection Bureau has developed a questionnaire that can help you find out. Answer 12 questions about yourself and see where you rank on the CFPB Financial Well-Being Scale – and then make it better!
Words to the Wise
“An ignorant person is one who doesn’t know what you have just found out.”
– Will Rogers
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