During times of political polarization in an election year, even long-term, goal-focused investors can feel stressed. There are so many unknowns about what will happen day-to-day leading up to the election, the stock market can move up-and-down based on sentiment and headlines, and it’s unclear what the next administration might do that could impact your retirement plans.
Teaching children about financial responsibility is one of the most valuable gifts you can offer. It sets the foundation for their future financial health and empowers them to make informed decisions.
Gifting low basis stock can be a smart strategy for those looking to maximize their charitable contributions or efficiently transfer wealth to family members.
When it comes to personal finance, the standard advice is often to meticulously track every dollar and categorize every expense. While it’s important to have a general understanding of your spending habits, you don’t necessarily need to account for every penny to manage your money effectively.