Is 10 million enough to retire? The crux of retirement planning is figuring out what level of income your assets can safely support over your retirement lifetime and how that compares to your current living expenses. In another words, your ability to retire on mostly depends on how much income you need from your investments and how long you need it to last for. There are, of course, many other variables as well, which is why it’s important to speak with a financial advisor about your individual circumstances. Retirement Lifestyle At Different Asset Levels Americans often have a number in…

As I perused the ubiquitous “Best Books of the Year” lists from thought leaders whose reading prowess I respect, one book I hadn’t read kept popping up, so I decided to explore it over the holiday stretch. Aided by its curious title, The Courage To Be Disliked is a parabolic conversation between a youth and a philosopher designed to explicate the intersection of Greek philosophy and Adlerian psychology. Wait—I realize that might not be the most tempting of descriptions, so let me share three specific concepts from the book and how they can help you live a richer life. First,…

For years at this point, it’s been clear that the ABC test, promoted heavily by the left as a way to end miscategorization of employees as independent contractors (ICs), has been a foray into faith. Backers have presumed that a radical and arbitrary shift in long-established systems will deliver the desired results. A new multi-state economic analysis shows something far different. The U.S. Department of Labor and state labor agencies, for decades, have regularly announced enforcement of existing laws that prohibit the practice. Courts have long applied existing standards. While there have been legitimate complaints, there have been ways to…

Even before the COVID-19 pandemic, prisons across the country faced severe staffing shortages. The Federal Bureau of Prisons (BOP), operating on an $8.3 billion annual budget, has attempted to address these gaps by hosting job fairs, offering retention bonuses, and increasing pay to attract and retain workers. Despite these efforts, federal prison facilities continue to grapple with significant staffing shortfalls. In December 2024, the BOP announced the closure of seven prisons—including six male prison camps—as a cost-saving measure to consolidate operations. Unfortunately, this challenge is not unique to federal institutions. Georgia governor Brian Kemp announced last week that the state…

Eight years after issuing the ill-fated Notice 2016-66, the U.S. Treasury has released its final regulations relating to so-called “microcaptive transactions”. These regulations designate certain transactions as listed transactions (read: presumed tax shelters) and others as “transactions of interest”(read: might be a tax shelter). These regulations also require certain enhanced reporting requirements for the taxpayers and related parties that are involved in these microcaptive transactions, including specifically their material advisors. In other words, all these folks now must file a tax shelter disclosure form. As mentioned, Treasury’s road to these regulations have been long and troubled ― primarily due to…

I have long been captivated by the meteoric rise of MrBeast. Who wouldn’t? At just 26 years old, Jimmy Donaldson, better known by his moniker MrBeast, has built a billion-dollar empire. And that demands the attention of corporate America. Unlike traditional businesses, MrBeast thrives under a different set of rules and a distinct philosophy. To gain deeper insights into these unique philosophies, I interviewed Marc Hustvedt, the president behind the scenes at MrBeast. Hustvedt, an instrumental figure in operational strategy, shared pivotal insights that help us understand the divergent thinking at MrBeast. This conversation reinforced my belief that the traditional…

Natural disasters such as hurricanes, earthquakes and the ongoing wildfires in California have become common occurrences. The California Wildfires which began on January 7th have displaced close to 200,000 people and already caused damage of as much as 135 billion dollars. These natural disasters bring out the best in people who want to donate to charities to help the victims. However, unfortunately they also bring out the worst in scammers who are quick to take advantage of the generosity of people by contacting them posing as charities, but instead of collecting funds to help the victims of these natural disasters,…

Millions of Americans may see significant changes to credit reporting in the coming months if they have unpaid medical bills or student loans. But the reporting changes will be drastically different between the two debt groups. Earlier this week, the Consumer Financial Protection Bureau — a federal financial watchdog agency — finalized a rule to remove at least $49 billion in unpaid medical bills from consumer credit reports. The changes may benefit 15 million Americans. At the same time, however, millions of borrowers who remain in default on their federal student loans will be hit with negative credit reporting in…

The way we think about money is changing fast. By 2025, traditional ideas about saving, spending, and investing will feel outdated. With tech driving much of this change, new tools and trends are popping up everywhere, from AI-powered apps to decentralized finance (DeFi) platforms. These aren’t just flashy buzzwords—they’re reshaping the rules of personal finance. Let’s explore how these shifts are creating opportunities and challenges for anyone looking to grow their wealth in the years ahead. 1. AI Is Your Financial Sidekick AI isn’t just for futuristic robots—it’s already revolutionizing how we manage money. In fact, AI-driven tools reduce overspending…

As 2025 gains momentum, you may be thinking about your investment portfolio. Where will the opportunities lie in the new year? As I’ve noted in the past, investors are once again faced with a landscape of opportunities and risks shaped by macroeconomic trends, evolving consumer behavior, and technological innovation—much of which has little to no historical precedent. While there are some solid stock options and interesting alternatives, looking farther afield for investment opportunities can be difficult. If you’re unsure what to do with your money in the months ahead, here are some high-level insights into where some of the most…