You’re doing well, earning a good salary. But toward the end of the month, after you’ve paid your obligations and lived your life, which isn’t extravagant, you look at your checking and savings accounts and, well, there isn’t much there. And that sinking feeling starts to kick in. Sound familiar? This is called lifestyle inflation. […]

According to the Flossbach von Storch Research Institute, 328 of the S&P 500 companies in 2024 had a negative Other Comprehensive Income (OCI) of $4.5 billion. This is attributed to rising interest rates since 2022 had OCI figures of negative $325 billion. Understanding OCI and Accumulated Other Comprehensive Income (AOCI) is essential to see what […]

For the first time since 2022, the IRS is changing standard mileage rates mid-year. If you track business, medical, or moving miles, this matters. Starting July 1, 2026, the numbers go up, and your recordkeeping needs to get more precise. What Changed and Why The IRS bumped the business mileage rate from 72.5 cents to […]

Surprising as it may seem, Q4 is at your doorstep, knocking and asking for attention. What’s more, it’s that time of year when everything starts getting busy: kids go back to school, football starts, and then the holidays are just up ahead. During this time, you might also be hearing “cha-ching, cha-ching” as what lies […]

A county in Michigan was owed about $2,200 in back taxes. To collect it, the government took a home worth close to $200,000, auctioned it for a fraction of that, and called the matter settled. The family is now putting a simple question to the Supreme Court: when the state sells your house over a […]

Retirement planning starts with retirement spending. Ideally, retirees are mortgage-free and relatively debt-free before they leave the working life behind. In retirement, a key strategy is to maintain low monthly staple expenses. Therefore, if you want to devise a financial plan that will allow you to retire early, consider cutting back your basic household expenses […]