“Stealth taxes” are tax increases that happen without Congress raising your rates. They're the result of your income, your home, your Social Security check, or your investment portfolio gradually drifting across lines that haven't moved. And by the time you notice, the bill has already arrived.
Put more concisely, risk capacity can be situationally dependent, where risk tolerance may be built more into our DNA.
After seeing headlines trumpeting inflation numbers that haven’t been seen in over 40 years, it’s understandable to start feeling a little beaten up at the cash register, and maybe even a little worried. I have no idea where inflation is going this month, next month or the next 12 months. But like with most things, a little bit of perspective may help re-frame what’s happening.
We’d all take heed to avoid searching for perfection in our portfolios by regularly shifting and tinkering and instead accepting the consistency of an appropriate allocation. We may not win the 1999 French Open in dramatic fashion like Andre Agassi, but we’ll at least have given ourselves gives the best odds of getting where we want to go.
Efforts towards achieving perfection usually end up as disappointments, because perfection is ultimately unattainable. And if we strive only for perfection, then we’ll often leave tasks or projects unfinished or feel like we've failed.
If you’ve decided to buy a home, there are many out-of-pocket fees, as well as long-term costs beyond the price of the home itself. Read this article to gain a better understanding of how much money you’ll actually need to become a homeowner.