Including new opportunities with SECURE 2.0 — It seems designed to be as confusing as possible. Yeah, I’m talking about the U.S. tax code, with its 10,000+ sections, and 6980 pages. Adding all the regulations, interpretations, and official tax-law guidance, you get to 75,000 pages! But do you know what that means? Nearly endless opportunities to reduce…

How ChatGPT can help, not replace you as a writer (said simply, it’s “and,” not “or”) — If you write online content (unless you’ve been hiding under a rock) you know these two things. Without a compelling headline, you may as well not publish. Even a great article, hidden by a mediocre headline, will languish with little to no reader attention. Large Language Models such as ChatGPT…

Does the AI know anything about building wealth? — As usual, I spent some time this morning reading articles on financial independence and money. Since I often write about these topics, reading what others write often sparks ideas I can build on. Sometimes, though, it seems like ChatGPT may have done some or even most of the writing. Without…

It’s rough out there, and things look bleak, but it doesn’t have to be that way… — You’ve felt it in your wallet. With persistently high inflation pushing prices up at rates not seen in over 40 years and incomes struggling to keep pace, your checking and savings balances keep dwindling, while your credit card balances spiral ever higher. Meanwhile, billionaires are laughing all the way to…

And why they divert your attention from where it belongs to the irrelevant… — Admit it. You know you (and everyone else) love to read articles like these: This Is the Average 401(k) Balance. How Does Yours Compare? (The Fool) The average 401(k) balance by age (BankRate) The average 401(k) balance by age, income level, gender, and industry (Business Insider) The Average 401(k) Balance…

And other related benefits of the new legislation… — Less than a year ago I crossed a magical line in the legislative sand. I turned 59.5. Yeah, I know, that’s kind of an odd number, isn’t it? Tell that to Congress though. They made that age a critical milepost in letting us access our own money from tax-deferred retirement…

Without forgetting the impact of the new EV tax credit… — I confess. I love data. Data are objective. They don’t change just because someone wants them to. So, when you want to make an informed decision on something as expensive as what car to buy, data are your best friend. That’s why I love Edmunds.com’s …

How to make sure you’re following the right map… — A good financial plan is a crucial step for your financial security and stability. A well-crafted plan can help you reach your financial goals, such as paying off debt, saving for a down payment on a home, saving for your kids’ college education, investing for retirement, or anything else that’s…

Four financial pros answer five basic questions — As important as a good financial plan is for your future financial well-being too many of us never spoke with a planner and don’t know even the basics. I reached out to several pros and asked them to answer what are probably the first five simple questions we should ask… Question 1: What Do I Get from a Good Financial Plan? …