Wealth and Wisdom: Week of March 7, 2022
Wealth and Wisdom: Week of March 7, 2022
We’re about one week away from the Fed’s next meeting, and the question is no longer whether policymakers will raise interest rates – but by how much. Inflation is still the key threat to the U.S. economy, but the Fed must also weigh the possibility that the crisis in Ukraine could cause economic disruptions as well. Some tough decisions await.
A latte won’t make you poor
A lot of today’s popular financial advice might be doing more harm than good. (Reading time: 4 minutes)
What should you spend on a house?
Before you jump into today’s hot housing market, find out what your monthly cash flow can support. (Reading time: 6 minutes)
The Ivy League myth
How you end up going to college may be far more important than where. (Reading time: 6 minutes)
Some rules are meant to be broken
Rules of thumb can help guide your financial decisions – but they don’t always give you the best answer. (Reading time: 3 minutes)
Why most people don’t retire early
Nearly half of American workers say they would leave their jobs sooner if they didn’t have this one specific worry. (Reading time: 3 minutes)
Retiring one year from now
If you’re planning on making 2022 your last year on the job, these are the ducks you need to get in a row. (Reading time: 4 minutes)
Social Security’s break-even age
How long do you need to live to make delaying Social Security benefits pay off? (Reading time: 6 minutes)
Beyond the 4% Rule
How to adapt the popular retirement-spending shortcut to your specific situation. (Reading time: 10 minutes)
Mr. Buffett’s annual letter
Warren Buffett’s annual letter to Berkshire Hathaway shareholders is required reading for devotees. (Reading time: 20 minutes)
Mike’s Pro Tip of the Week
Trim is a personal finance app that offers to negotiate your bills, find and cancel unwanted subscriptions, and get you better bank financing – all potential money-savers. Here’s how it works.
Words to the Wise
“Financial journalism has long since deteriorated from thoughtful reporting to hysterical catastrophism to what I call the clickbait culture: its posts as apocalyptic a headline as can be dredged up – or, in a pinch, dreamed up – seeking only to maximize the number of people it can frighten into clicking on it.”
– Nick Murray
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