Money Today That Matters Tomorrow
The world of personal finance is always in motion, and 2026 brings some major shifts you need to know about. The IRS has released its final inflation adjustments, giving us clarity for the new tax year. Crucially, these updates work alongside provisions from the new “One Big Beautiful Bill Act” …
The news lands in your lap like a crisp $20 bill: No tax on tips. It’s a gift from the legislature, a clean cut for the servers, the bartenders, and the delivery drivers. The logic is simple, and on the surface, entirely pleasing: The person who serves you a great …
I saw this interesting graphic on the rising costs of basic needs from Goldman Sachs. It prompted me to think about my life in retirement and what future spending patterns will look like for my kids. Unless things change, this pattern will likely continue for the next couple of decades. …
Here is a snapshot of the major changes to your 2026 Medicare coverage, primarily driven by the Inflation Reduction Act (IRA). Following the snapshot are details that can help you manage your out-of-pocket health costs and refining plan benefits. Part I: Key Changes to Prescription Drug (Part D) Costs Part …
While my family and I were having lunch at a mall food court, we noticed a group of teenagers at a nearby table and the expensive designer bags some of them had—specifically a Christian Dior one (see picture below) that retails for well over $2,000! The immediate debate among us …
Personal finance is about more than just stocks and savings accounts. Your greatest asset, often overlooked, is your physical health. A strong, flexible body is a powerful hedge against massive future expenses. Ignoring chronic low back pain is a financial time bomb waiting to explode. It can lead to expensive …
As we look toward the 2026 tax year, it’s time to review the updated contribution limits for your key retirement and savings accounts. Staying on top of these numbers is crucial for anyone serious about maximizing their financial future. The good news? Due to inflation, most limits are increasing, providing …
The Trump administration has recently affirmed its commitment to provide a new round of financial assistance for U.S. farmers, utilizing revenue generated from the imposition of tariffs. This tariff-funded farmer relief is intended to be a crucial stop-gap as the agricultural sector grapples with low commodity prices and lost export …
The world is buzzing with the transformative power of artificial intelligence. From self-driving cars to chatbots that can write poetry, AI is reshaping our lives and, by extension, the financial markets. Investors are flocking to companies at the forefront of this revolution, leading to unprecedented gains and, for some, a …
When you hear a company executive talk about artificial intelligence, you’ll likely hear them use the word “productivity.” It’s a recurring theme in every CEO’s earnings call and tech company press release. The message is clear and optimistic: AI will automate the mundane, freeing up human workers to be more …
The road to retirement is a marathon, not a sprint. For many, as they approach their fifties, the focus shifts to making a final push to boost their savings. This is where “catch-up contributions” come into play, allowing those aged 50 and over to make additional elective deferrals to their …
There’s a classic story about a fisherman and a businessman. The businessman is on vacation and sees a fisherman relaxing on his boat. The businessman asks why the fisherman doesn’t stay out longer to catch more fish. The fisherman says he catches enough to feed his family. The businessman, a …
For a number of years, the Alternative Minimum Tax (AMT) has been a non-factor for most American taxpayers. The passage of the Tax Cuts and Jobs Act (TCJA) in 2017 raised the exemption amounts and income thresholds so high that only a small fraction of individuals were subject to this …
We’ve all been there. You’re on a group trip, the sun is setting, and the cocktails are flowing. You’ve just had the best day of your life, but then someone pulls out their phone and says, “Alright, let’s figure out who owes who.” The air goes stale, the laughter dies, …