Weekly list of curated personal finance articles from around the web.
Which products will be affected by tariffs? Here’s what Trump’s “Liberation Day” could make pricier. (CBS Money Watch). Declining portfolios and increasing prices — will it be short term pain for long-term gain?
Survive and advance (Mawer). While easier said than done, it’s best to ride out market volatility by not reacting emotionally. At times like this, doing nothing is usually better than doing something.
Tax day is almost here. Millions of Americans haven’t filed yet. (Wall Street Journal). If you need more time to file, you can get it. However, if you owe money, you can’t get an extension for that.
The rollover (Getting Your Financial Ducks in a Row). A surprising number of people cash out their 401(k) plan when they leave their employer. Far better to roll it over into an IRA.
Ranked: the most common types of fraud in America (Visual Capitalist). If something seems off about the email, text message, or phone call, chances are good that it is.
What will you do for the Kingdom after college? (The Gospel Coalition). Many is the parent who asks their kids what they want to do for a living, but this question should be part of the conversation as well.
The biggest wealth killers (FaithFi). Playing a good game of financial defense is arguably even more important than a good game of offense.
How I’m decluttering my life this spring (Ryan Holiday). As we automate more of our financial life, there’s a growing risk that we’re paying for things we no longer need or want.
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Matt, I read with interest the linked CBS News article predicting multiple negative economic effects of the tariffs currently being placed on goods imported to the United States. The writers summarily dismissed the presidential expectation that the new tariffs will bring our trading partner nations to the negotiation table offering fairer tariff treatment to the US, ignoring the reality that this response has already begun.
I have admired your work for many years, and I have repeatedly passed along your excellent writings to others, especially my adult grandchildren. Now, having brought to your readers a negatively slanted article from a politically biased source, I believe you would do well to research the expected positive effects of the new tariffs and provide information to your readers about those effects that are already getting underway. Your doing so would display a political balance that I think would support and enhance your credibility as a source of financial information.
Thanks for being a long-time reader, Dennis, and for your note. My intention with the article was simply to help people understand how the new tariffs may impact what they pay for various things. This is a story that will continue to unfold for many weeks to come. I will certainly be on the lookout for articles that help readers better understand both the near-term and long-term impacts.