Here is this week's Money Roundup, with interesting articles from around the web.
Powell highlights job market worries, opening path to rate cut (Wall Street Journal). "The balance of risks appears to be shifting" and eventually "may warrant adjusting our policy stance."
The calculus of value (Howard Marks, Oaktree Capital). The latest "memo" from the always insightful Mr. Marks. "The existence of overvaluation can never be proved, but..."
Working longer to afford retirement is a risky plan, economists say — but some employees are counting on it (CNBC). As we've noted before, many people end up leaving the workforce earlier than expected, often due to health issues or job loss.
Retirement is only halfway up the mountain (Tony Isoloa, A Teachable Moment). Building a retirement nest egg is one thing. Making it last is another.
Trump's new tax law expands 529 savings plan uses as families gear up for back to school (CNBC). Under the new tax law, 529 money can be used for tutoring, continuing education, and dual-enrollment courses for high school students.
The One Big Beautiful Bill cuts taxes across the US, new analysis finds (Tax Foundation). "Across all individual tax filers throughout the country, the average tax cut per taxpayer will be $3,752 in 2026." Wow.
The bigger SALT deduction and you (Fidelity). The deduction cap for state and local taxes will quadruple to $40,000 through 2029. That "could make itemizing worth it."
Email phishing scams increasingly target churches (MinistryWatch). Con artists target people who are generous and trusting.
Remembering Dr. James Dobson, 1936-2025 (Focus on the Family). "[T]he accumulation of wealth...is an insufficient reason for living.... I must look backward on something more meaningful than the pursuit of houses and land...and stocks and bonds.... I will consider my earthly existence to have been wasted unless I can recall a loving family, a consistent investment in the lives of people, and an earnest attempt to serve the God who made me."
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