The conflict in the Middle East has caused oil prices in the United States to rise to their highest level in four years. It’s bad news for everyone, but the domestic effects of the war are likely to be irreparably damaging, and in the process destroy one of the great engines of economic growth. Iran’s … Read more
If April Fools have a patron saint in politics, it might be the candidate who promises lower spending and less war, then delivers the opposite of both. Just a few months into his second term, the gulf between Donald Trump on the campaign trail and Donald Trump in office has become hard to ignore. These … Read more
A retired couple thought they were financially secure with $1.5 million in a 401(k), $400,000 in checking accounts, and $200,000 in a Roth IRA — but later realized that taxes would be higher than expected at age 73. When they calculated required distributions (RMDs), they realized the withdrawals would push them through in the higher … Read more