Wealth and Wisdom: Week of October 16, 2023

Tammy and I just returned from a company trip to Greece – a once-battered economy that’s now one of Europe’s fastest-growing. It’s a beautiful place – especially if you enjoy postcard sunsets over the ocean – but as we say after every vacation, it’s great to be back home.

And as always, I’ve got some ideas for you this week designed to help you improve your own financial situation…

How inflation will impact you in 2024

We’ll see changes on our income tax returns next year, and Social Security recipients will get larger checks – all due to inflation. (Reading time: 4 minutes)

Investment fraud is soaring

A cybercrime wave is building – and retirees are its target victims. Here’s what to be on the lookout for. (Reading time: 6 minutes)

Who says we don’t make anything anymore?

Politicians like to lament that America’s manufacturing sector is dying – but these three charts prove it simply isn’t the case. (Reading time: 2 minutes)

Should you be saving money or paying off debt?

There are pros and cons to focusing on one or the other – but the correct strategy is probably to do both at the same time. (Reading time: 4 minutes)

Why don't more people own term life insurance?

Term insurance allows you to pay less for more coverage. So why do most people prefer more expensive options? (Reading time: 4 minutes)

Investor basics: bull markets vs. bear markets

They’re both part of a normal business cycle – and you’ll need a different set of skills and strategies to stay invested for the long run. (Reading time: 4 minutes)

Finding missing cost basis

If you sell investments at a profit, the IRS will want to know what you paid for them. Here’s how to look for that number. (Reading time: 4 minutes)

What today’s retirees regret

Here are 10 things a lot of people say they would have done differently in preparation for retirement. (Reading time: 6 minutes)

Retiring on a reduced income

Enjoying retirement doesn’t have to cost a fortune. Here are some ways to get the most out of your free time – and save money in the process. (Reading time: 7 minutes)

Getting your affairs in order

Getting these five items checked off early will help you enjoy what could be the best years or your life. (Reading time: 9 minutes)

Words to the Wise

“A man travels the world over in search of what he needs and returns home to find it.”

– George Moore

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