Trump’s ‘SALT torpedo’ penalty is coming for some of America’s highest earners, and could deal massive blow worth thousands. Here’s how to avoid it
This article adheres to strict editorial standards. Some or all links may be monetized. When President Trump’s “big, beautiful” bill passed over the summer, it introduced a much higher limit on the federal deduction for SALT (state and local taxes), from $10,000 to $40,000. The limit will increase by 1% yearly until 2029, before reverting […]
Seattle couple that took out a HELOC and can’t pay it down wants to convert it into a mortgage. Why The Ramsey Show says this isn’t the fix they need
When it comes to borrowing money, it’s not uncommon for people to bite off more than they can chew. Take Josh and his wife, for example. After the two had fully paid off their home in Seattle, they wondered what they could do with their newfound financial freedom. With a dual income of about $11,500 […]
Custody, houses, money and special pre-nup clauses? What high-earning women need to know about divorce in Canada
As details of the divorce filing between Nicole Kidman and Keith Urban dominated the headlines in September, many were shocked to learn of the couple’s pre-nuptial arrangements — and just how much Urban is expected to be paid when the proceedings are finalized. Urban stands to collect US$11 million (C$15.5 million) from a pre-nuptial clause […]
More than 350 gallons of home heating oil pumped into Mass. family’s basement. Now they can’t live there. How much this disastrous mistake could cost
Dang Nguyen wasn’t expecting a delivery that morning, especially not one that would leave his Medford, Massachusetts home smelling like a fuel depot. But when his wife and brother-in-law caught a whiff of fumes drifting up from the basement, they realized something was very wrong. Must Read Real Estate: Thanks to Jeff Bezos, you can […]
Here’s how some US retirees with $1 million in savings actually end up with $2 million or more — and why that’s a bad thing. Are you getting trapped?
Outliving your money is the biggest nightmare for most retirees. In fact, 64% of U.S. adults surveyed by Allianz Life said they were more afraid of running out of money in retirement than dying [1]. Must Read Real Estate: Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — […]
5 easy ways to save an extra $1K a month for retirement
This article adheres to strict editorial standards. Some or all links may be monetized. We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. It’s not always easy to save for retirement. After all, 46% of Canadians live paycheck […]
Interest rate cuts aren’t enough to help Americans afford a home: Berkshire Hathaway. Does a rising rental market create an investment opportunity?
While this article is sponsored, we apply strict editorial guidelines to all of our content In 2023, mortgage rates peaked at 8%, blowing past the incredibly low rates buyers experienced just a few years earlier as the pandemic dropped interest rates to all-time lows (2). Must Read Real Estate: Thanks to Jeff Bezos, you can […]
Money is now the top reason Americans aren’t having more kids, as families who once dreamt of big households decide they can’t afford the cost
For the first time in 11 years of tracking American family attitudes, money has taken the top spot as the reason people are limiting how many children they have. Parents cite it twice as often as any other factor According to the Wheatley Institute at Brigham Young University’s American Family Survey, more than seven in […]
‘Meager’ Social Security bump for 2026 sparks fury among recipients, experts — why COLA will ‘hurt’ US seniors next year (and how to respond)
They may call it COLA, but many seniors say there’s nothing sweet about the Social Security Administration’s (SSA) cost-of-living adjustment for 2026. The SSA’s 2.8% cost-of-living adjustment (COLA) increase, announced on October 24, falls short of the current rate of inflation — which is what it’s supposed to help offset for those collecting Social Security […]
8 easy money moves that only take an hour or less of your time and why ignoring them could cost a lot more than you think
Personal finance doesn’t always have to be time-consuming or headache-inducing. In fact, according to AARP and USA Today, these DIY financial hacks take less time than an episode of your favorite TV show. In fact, you could do some of them while watching that episode. Must Read Real Estate: Thanks to Jeff Bezos, you can […]