Happy Thanksgiving weekend! Here's this week's roundup of recent articles on investing, personal finance, and stewardship.
The markets can't save you if you don't save (Ben Carlson, A Wealth of Common Sense). "You can't bank on investment returns carrying all the weight in your financial plan. Sometimes the markets don't cooperate."
Happy talk (Jonathan Clements, Humble Dollar). Even when things look grim, you probably won't go wrong by investing like an optimist.
To build inevitable wealth, simply avoid financial ruin (Darius Foroux). "When you ask people who lost money how it happened, they often say, 'I didn’t know what I was doing.'"
FTX and Sam Bankman-Fried: Your guide to the crypto crash (Wall Street Journal). The FTX story is convoluted. This backgrounder sorts it out.
Get big tax breaks for 2022 by acting now (Wall Street Journal). Among the suggestions: Harvest investment losses (in taxable accounts) and strategize charitable donations.
IRS warns taxpayers about new $600 threshold for third-party payment reporting (CNBC). If you sold stuff online or did "gig" work in 2022, get ready for more tax-preparation complication.
An RMD deadline is approaching quickly — and missing it could cost you big bucks (Kiplinger). For most seniors age 72 or over, the due date for taking this year's required distribution from a non-Roth retirement account is Dec. 31
Consumers lay out $1,600 yearly for health-care products that flexible spending accounts could have covered (CNBC). If you have a flexible spending account (FSA), don't forget to use it!
It all belongs to God (Gwenda Jayawardhana, via MoneyWise). "Jesus says, 'Come to me, all you who are weary and burdened, and I will give you rest.' Are you carrying a burden of ownership you haven't been designed to carry?"
Your comments are welcome below.
