If you’re saving money for retirement, there are four important lessons I hope you’ll learn. I’ll back them up with some numbers. These may not be new, but they will be crucial to your success. Lesson 1: When you start saving, the amount you invest will make more difference than …
Read More »Outside the Box: Here’s how you can save money on capital-gains taxes when you sell your home
You no longer must buy another home in order to claim the capital-gains exemption. An earlier version of this article incorrectly said you had to. Dear Ms. MoneyPeace: My first wife died in 2013 and I remarried in 2014. My will gives my wife my house. I have owned four …
Read More »Outside the Box: The perks of being a senior citizen
There are advantages to being old. We seniors can leverage the widespread perception that we’re all poor, incapable of decision-making and inept at using technology. I have fun with this. We recently went car shopping. As we left the house, my wife turned and said, “You’re going dressed like that?” “What’s wrong …
Read More »Outside the Box: Should I do an online will? Avoid these pitfalls
Drawing up the simplest of wills can often cost over $ 500, depending on where you live and the legal counsel you chose. More complicated ones can cost several thousand dollars. Doing a simple will online saves you money — it can even be free. But before you jump on …
Read More »Outside the Box: This investor in both gold and bitcoin says only one offers real long-term safety
Spoiler alert: I own both gold and Bitcoin in my portfolio. As a longtime participant and observer of the shifting currents of monetary policy and financial markets, I believe both can play vital roles as repositories of value, especially in a world plagued by economic and political uncertainty. But although …
Read More »Top Tips for Painting the Outside of Your Home
Does your property look worn, tired or dirty? Then why not give it a new lease of life with a fresh coat of paint. If you have got lots of time to spare, you might be thinking about painting the outside of your home yourself. If so, here are some …
Read More »Outside the Box: The U.S. must tap this powerful tool to loosen the COVID-19 vaccine logjam
One key to unlocking the logjam of COVID-19 vaccines is in plain view but so far overlooked: the neighborhood retail pharmacy. As of Monday, 9 million people had received at least one dose of the Pfizer PFE, -1.80% or Moderna MRNA, +2.18% vaccines since they were approved in December. That …
Read More »Outside the Box: 7 financial resolutions that can boost your wealth for a lifetime
Every year at this time, the financial media is filled with lists of how to be a better investor. This got me to thinking: If these lists are so effective, why do we need a fresh set of them every year? Two answers come immediately to mind. First, investors are …
Read More »Outside the Box: Why partisanship will increase in the post-Trump era
Many are hoping that when Donald Trump—one of the most divisive U.S. presidents in the past century or more—leaves office, the historically elevated levels of partisanship in U.S. politics will at least begin to subside. But the opposite is vastly more likely. There are short- and intermediate-run, as well as …
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