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The Ideal Number Of Banking Relationships To Feel Safe And Secure
After the collapse of SVB and Signature Bank, I decided to review our existing banking relationships and see if we are well positioned to weather another potential bank run. I also wanted to share with you the ideal number of banking…
The Upside Once The Fed Destroys The Middle Class
Bear markets and bank runs aren’t good for anybody. But let’s try to look at the upside if the Fed destroys the middle class, shall we? Thinking in extremes provides clarity to take more decisive action. To set the stage, we know at least…
How To Prepare For Another Bank Run As The Contagion Spreads
Sadly, Silicon Valley Bank (SVB, $SIVB), the 16th largest bank in America at the end of 2022, experienced a bank run. Now the contagion has spread to other regional banks such as First Republic Bank, Signature Bank, Zions Bancorp, and…
The Secret To Perfect Happiness Revealed! Make Over $500,000 A Year
Are you interested in learning about the secret to perfect happiness? The answer is to make over $500,000 a year, a top one percent income. In an amazing Gallup poll highlighted by the Wall Street Journal, it says that 100% of those who…
Shifting Retirement Assets From Tax-Deferred To Tax-Now By 2026
The tax-now Roth IRA will increase in popularity over the coming years. Let me explain why. When Congress passed the Tax Cut and Jobs Act (TJCA) of 2017, it inaugurated an eight-year period of the lowest tax rates in American history, which…
The Federal Reserve Doesn’t Control Mortgage Rates, The Market Does
Why The Federal Reserve Does Not Control Mortgage Rates
The post The Federal Reserve Doesn’t Control Mortgage Rates, The Market Does appeared first on Financial Samurai.
Investing Family Money Can Be A Stressful Full-Time Job
I finally clearly understand why I haven’t been able to shake some of the stress I’ve been feeling lately. Despite writing less, doing less business deals, and exercising more, I still feel this gnawing stress because I’m responsible for…
The Best Life Hack For Americans: Taking Advantage Of Canada
Some Americans fear higher taxes so much they are willing to move. The capital gains tax rate might go up. The step-up basis might go away. And the top marginal income tax rate might go up too. Therefore, may I present the best life hack…
2023 Social Security COLA Is Huge: Traditional Retirees Rejoice!
I don’t know if you’ve heard, but the 2023 Social Security COLA (Cost Of Living Adjustment) is a whopping 8.7%! This increase is both huge and head-scratching. The 2023 Social Security COLA is huge because inflation peaked in June 2022 at…
Combatting Inflation Is Straightforward But Not Easy
Much has been said about inflation hurting society. As people’s buying power decreases, life gets more costly. Heck, the Fed seems hell-bent on causing another recession to contain inflation. However, as I look at the historical price…