Navigating a divorce can be overwhelming, especially when it comes to understanding and managing finances. Among the many financial aspects that need to be addressed, one area that might seem particularly daunting is cryptocurrency. Whether you’ve heard about it in the news or you are trying to understand its impact on your financial future, having a basic understanding of what cryptocurrency is, some of the known benefits and drawbacks, and how it factors into your divorce proceedings is essential so you can make informed decisions when discussing with your divorce attorney and financial advisor. What is cryptocurrency? Cryptocurrency (“Crypto”) is…

Turmoil at the Federal Bureau of Prisons: Leadership Exodus and Mounting Challenges The Federal Bureau of Prisons (BOP) is currently experiencing significant upheaval, with a wave of leadership departures leaving the agency without clear direction during a critical time. Acting Director William Lathrop, who stepped into the role on January 20, 2025, after former Director Colette Peters was reportedly fired, has now announced his retirement, effective February 28. Lathrop’s statement acknowledged the gravity of the situation, saying, “We are in unprecedented times as an Agency.” His departure is accompanied by the resignations of five other senior leaders, including General Counsel…

The future of the Department of Education is at stake as President Donald Trump and congressional Republicans threaten to eliminate it, or at least dramatically curtail its operations. Millions of American families planning for college, and even greater numbers of student loan borrowers, could be impacted by the resulting disruptions. Here’s where things currently stand with the Department of Education, and what student loan borrowers and prospective college students should know. Executive Order Will Likely Call For The Elimination Of The Department Of Education President Trump is expected to issue an executive order calling on the Department of Education to…

Income is the cornerstone of financial well-being. It serves as the fuel that powers your ability to save, invest, and achieve financial freedom. Whether you are an employee, a business owner, or an investor, the type and amount of income you generate directly impact your financial trajectory. This article explores the common types of income, strategies to maximize earnings, and the role income plays in overall financial planning. Common Types of Income 1. Earned Income This refers to the money you receive in exchange for your work or services. It is the most common form of income. While earned income…

The race to remake global finance is heating up, and the starting gun has already fired on Wall Street. While traditional banks grapple with systems that trap trillions in idle capital, a new financial architecture is emerging from the fusion of blockchain technology and traditional finance (TradFi). The prize isn’t just eliminating the friction that costs the industry billions in settlement delays and reconciliation headaches—it’s fundamentally rewiring how money moves. Early movers aren’t just experimenting anymore; they’re driving the financial blockchain market toward a projected $49.2 billion by 2030, up from $2.1 billion in 2023. The shift isn’t just theoretical.…

Burnout isn’t just an issue in the workplace. In fact, it may be even more common in our financial lives. Sure, we’ve all heard about the notoriously low savings rates in the U.S. and the paltry average savings in most households, but regardless of income, more than half of the country reports that they are living paycheck-to-paycheck. Furthermore, in my experience working with predominantly wealthy families for the better part of the last 30 years, there’s no net worth number that results in the elimination of financial stress. There may, however, be a method for doing so, and as we…

Eric Council recently pleaded guilty to charges of conspiracy to commit aggravated identity theft in the United States District Court for the District of Columbia. The charges were related to his participation in a sophisticated hacking of the X, formerly known as Twitter, account, of the Securities and Exchange Commission (SEC) in which false posts were done in the name of then-SEC Chairman Gary Gensler indicating that the SEC had approved Bitcoin exchange-traded funds (ETFs). This announcement sent the price of Bitcoin to quickly increase by more than $1,000 and allowed Council’s co-conspirators to make a quick profit off the…

Linda McMahon Pledges to Keep Public Service Loan Foregiveness (PSLF) Program For Student Loan Borrowers The confirmation hearing of Linda McMahon as Secretary of Education signals the start of a new phase for student loan policy under the Trump administration. While many student loan programs are in the new administration’s crosshairs, one loan forgiveness program for student loan borrowers may receive at least a reprieve: Public Service Loan Forgiveness (PSLF). In a surprising move, McMahon affirmed during her Senate hearing earlier this week that she would uphold the Public Service Loan Forgiveness (PSLF) program, even if pressured by the White…

What Happens to Student Loans If Trump Abolishes the Department of Education? Donald Trump has made no secret of his desire to dismantle the Department of Education (DOE) and overhaul student loans. He has repeatedly called for eliminating the agency throughout his political career, arguing that education policy should be left to states and local governments. But what would that mean for federal student loans? Could borrowers see their debts wiped out if the DOE ceases to exist, or would they simply find themselves under new management? Let’s break down what’s possible—and what isn’t. Can President Trump Even Abolish the…

It appears that FINCEN’s Beneficial Ownership Information (“BOI”) reporting deadline will be moved to January 1, 2026, at least for companies that were required to file for 2024. This is related in the article by Kelly Phillips Erb, House Passes Bill To Delay Beneficial Ownership Information (BOI) Reporting Deadline (Feb. 11, 2025). It is not necessary to rehash the subject matter of that article, but suffice it to say that the U.S. House of Representatives unanimously (25 members did not vote) passed H.R. 736 which set the deadline back. So, it is almost certain that the deadline will be set…