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“Can Money Buy Happiness? Not as Much as You Think” The Wall Street Journal's Money Briefing examines the correlation between money and happiness, challenging the idea of a peak salary for contentment. While previous studies found $75,000 to be the peak salary for happiness (equivalent to $110,000 in today’s dollars), recent research suggests that while income contributes to happiness, its impact diminishes over time, and there is no specific target amount. Ultimately, while money plays a role, enabling more freedom for social connections, personal fulfillment, and life experiences, it is just a catalyst and not the determining variable in a person's life.
”Tax Calculator: How the TCJA’s Expiration Will Affect You”
The Tax Foundation recently released a calculator that shows how the TCJA expiration might impact taxpayers. It's very possible that there will be some tweaks before the sunset occurs, but as it stands today, this calculator gives you a glimpse as to how the sunset might impact your tax bill in 2026. There are various examples listed, but you can create a custom scenario to put in the details that are specific to you. “Global Diversification Has Disappointed. Don’t Give Up on It” This article challenges the conventional wisdom of global diversification in investing, highlighting the significant outperformance of US stocks, particularly since 2010. It attributes this trend to factors like strong earnings growth, favorable economic conditions, and the dominance of tech giants dubbed the "Magnificent Seven." However, it suggests that this dominance may be an anomaly and advises investors to reconsider overlooking international markets while advocating for a balanced approach to investing.
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