Wealth and Wisdom: Week of April 3, 2023

Every crisis also brings opportunity. We’re learning that inflation won’t go away quietly, but it’s helping short-term savers earn more on their cash reserves. It’s also teaching all of us how to get more out of every dollar we earn and spend – lessons we can carry into the future and make the rest of our lives better.

We all know that wealth compounds if we allow it to. And so does wisdom.

Bank failures: Should you be worried?

Banks in the U.S. fail nearly every year – and here’s what happens when they do. (Reading time: 2 minutes)

Home renovations will cost you more

Inflation has found its way into the home improvement industry – and customer demand for them is still rising. (Reading time: 2 minutes)

High-yield savings accounts

Haven’t heard that term in a while, have we? Here’s how they work and how to find them. (Reading time: 3 minutes)

Hiring professional tax help

A qualified tax advisor can help you avoid costly mistakes – and their advice can sometimes pay for itself many times over. (Reading time: 5 minutes)

An old idea, and a good one

In this age of government bailouts and debt forgiveness, some people still save and invest for their children’s education. Here’s how they do it. (Reading time: 5 minutes)

How to minimize student loan debt

Here’s a simple rule of thumb that might keep you from overborrowing for a college education. (Reading time: 3 minutes)

Taking RMDs when the market is down

It’s hard to avoid required minimum distributions – but you do have some options when the time comes. (Reading time: 4 minutes)

Out of the FIRE and into the office

This young blogger had second thoughts about retiring early on the cheap – and rediscovered the benefits of working with other people. (Reading time: 4 minutes)

Managing the cost of homeowners insurance

Here are 5 ways to cut the cost of insuring your home – and 4 reasons you might want to increase your coverage. (Reading time: 7 minutes)

Join the movement

I’m on a mission to prove that’s it’s possible to achieve True Wealth without inheriting, borrowing, or marrying it – and I would be honored to have you with me. (Reading time: 2 minutes)

Words to the Wise

“Wealth is the opportunity to fully experience life.”
Henry David Thoreau

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Brown Family Wealth Advisors and not necessarily those of Raymond James. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Expressions of opinion are as of this date and are subject to change without notice. Past performance does not guarantee future results. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

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