Retirement

This is the hottest summer ever, news reports tell us. We stay inside, we use air conditioning, we hydrate well. But some aging parents who live alone or with only part time help at home are at particular risk. It’s not just that older people can’t regulate their body temperature as well as younger people.

How in the world could you ever justify spending $500 or more on a pair of sneakers? That’s how I interpreted the question posed by the Wall Street fugitive, Khe Hy, when I saw this tweet: Knowing Khe’s penchant for nuance, his question likely wasn’t as direct as my initial translation, but that’s how it

If you want to become financially independent, you’ve got to know what it means to be financially independent. It’s not that difficult to get your arms around. A straightforward operational definition does the trick. “You will know if you are financially independent if you have eliminated your debt, have a financial reserve that can sustain

For cryptocurrency investors in the U.S., life has gotten more difficult lately. In June, the SEC filed lawsuits against the two largest crypto exchanges, Coinbase and Binance, accusing them of selling unregistered securities. In response, Binance announced it would suspend deposits and withdrawals in U.S. dollars, becoming merely a crypto-to-crypto exchange. Effectively, this means there

There’s one decision you can make—and commit to—that gives you the best shot at attaining financial independence. It’s not something everyone can do, but if you can, it’ll increase the odds you can more quickly find the off-ramp from rush hour to easy street. What is this Holy Grail of actions that can lead to

Should “I Love You” Mean Pooled Finances? There was a recent column in the financial press with financial advisers commenting on whether couples should pool their finances. The advice given might have been appropriate for the particular couple involved in the story. But the couple being addressed had very specific facts that are not an

Simple Definition of Descendant Here is a simple definition of “descendant” from a trust document: “References in this Trust Agreement to a person’s “children,” “grandchildren,” and other “descendants” shall refer respectively to that person’s children, grandchildren, and descendants, whenever born, as determined according to applicable governing law, except to the extent modified herein.” [Sample clause

You may think that a high-paying job presents the key to your lifetime dreams, but don’t count your chickens before they hatch. You’ll need to pursue something beyond that status quo if you want to achieve true financial independence. And that job, if you don’t use it in the proper context, might be the crutch

Fascinated with the rapidly emerging technology of ChatGPT, I wanted to check it out. What would it do with a general question about aging parents, my field of expertise? The technology is free and opening an account is simple. But how good is the information it generates? It is not a thinking being. It’s a

The decision to invest in stocks or other risky assets depends on factors such as age, savings, and personal needs. If you’re well into retirement, have substantial assets, and don’t have a specific requirement to leave a significant inheritance, you might want to avoid investing in stocks altogether. This is particularly true in today’s context,