Author: Money Mechanics

Each week in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she’s looking at four questions relating to how individuals can resolve their IRS tax debt. (Get a free issue of The Kiplinger Tax Letter or subscribe.)1. IRS alternatives for resolving tax debtQuestion: When I filed my 2025 federal tax return this month, I unexpectedly owed taxes. But I don’t have the money to pay the bill. What can I do to resolve my IRS tax debt? Joy Taylor: Try not to worry too much because you…

(Image credit: Getty Images)It’s easy to assume that if you’ve been saving and investing consistently throughout your working years, you’re on track for retirement. But the final 10 years before you leave the workforce can quietly rewrite the rules, turning small missteps into lasting consequences and smart adjustments into meaningful gains.”I see it all the time: people come to us later than they should,” says Kyle Hammerschmidt, founder of Mokan Wealth Management. “Not because they weren’t paying attention, but because nobody told them how many changes there are in the final stretch before retirement.”That’s because retirement planning goes far beyond…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The European Central Bank has stepped up its challenge to US payment groups such as Visa and Mastercard by agreeing technology rules that will pave the way for the rollout of a digital version of the euro.Europe’s top monetary authority this week signed contracts with three domestic organisations over rules that will ensure any European payments card can talk to any card reader in the bloc once a digital euro is introduced. The central bank wants to ensure that a digital alternative…

Salt Lake City is the U.S. metro where Gen Z adults own the highest share (3.6%) of homes with three or more bedrooms.  Virginia Beach, VA (3%), Oklahoma City, OK (2.9%), Louisville, KY (2.7%) and Indianapolis (2.6%) round out the top five.  Nationally, Gen Z adults own just 2.2% of three-plus-bedroom home stock. In comparison, millennials own 23.7% of this inventory, while Gen Xers (31.2%), and baby boomers (35.3%) each claim roughly one-third. Thanks to rising costs and limited inventory, owning any kind of home—let alone a large one—is increasingly elusive for many young Americans. However, there are a handful…

Porsche will start selling an all-electric Cayenne coupe in late summer, the latest signal from the German automaker that it still sees market demand for EVs. The Cayenne coupe EV — which has four doors, unlike a traditional coupe — will join several other all-electric variants of the SUV when it comes to market later this year, including the base Cayenne Electric, Cayenne S Electric, and Cayenne Turbo Electric. Porsche does, after all, love its variants. And it could be its most successful. When Porsche introduced a coupe version of its gas-powered Cayenne in 2019, it took just a year…

(By Oil & Gas 360) – As established supply centers face constraints, attention is shifting toward the next wave of production. These are not traditional basins. They are emerging, less developed, higher-risk regions, but increasingly necessary in a market that needs new supply. Frontier exploration is back. Recent offshore discoveries in Namibia have re-energized interest in underexplored basins, suggesting that large-scale resources remain to be found. Suriname is following a similar trajectory, building on the broader Atlantic margin trend that has already transformed Guyana into a major producer. In Latin America, Argentina’s Vaca Muerta stands out. It is one of…

First-time homebuyers are increasingly bypassing smaller, more affordable starter homes, opting instead to wait for their “forever home” and avoid the hassle of having to upgrade later in life.  Sixty-five percent of U.S. home shoppers expect their first property purchase to also be their last, while more than half of current Gen Z and millennial homeowners (52%) believe they will remain in the first home they bought for the rest of their lives, according to the latest BMO Real Financial Progress Index.Meanwhile, 58% of nonhomeowners say the traditional approach of buying a starter home, only to swap it for a larger, more…

A wave of high-profile exploits is rattling investor confidence, as fresh losses expose structural weaknesses in decentralized finance just as institutions were beginning to scale exposure. The latest incidents have triggered billions in withdrawals, reigniting concerns about whether the sector’s infrastructure is ready for mainstream capital. As capital rotates across the digital asset ecosystem, early signs suggest a broader shift is underway, one that could reshape how both retail and institutional players approach risk. Related: Crypto hacks raise fresh concerns for Wall Street adoption The recent exploit involving Kelp DAO has become a flashpoint for the sector, after attackers drained…

Schroders Capital’s Private Debt & Credit Alternatives (PDCA) team, together with global reinsurer Hannover Re, have unveiled the integration of an innovative tokenised capability into its insurance-linked securities (ILS) investment platform, which includes the execution of the first real-world collateralized reinsurance transaction through this platform.In their announcement today, Schroders stated that this “innovation has the potential to become the basis for a significant part of the future of the approximately $130 billion ILS market, by modernising how collateralized reinsurance is structured, administered and accessed.” “Through tokenisation, this new development digitises the control and flow of the assets held within the…

This is just a brief note to clarify something about the construction of USDi, about which I’ve gotten a number of calls. Before I do, let me also tell you to be on the lookout for my blog next week, when I’ll tell you what I think about Probable-Next-Fed-Chairman Kevin Warsh. (In the behavioral economics world we call that a ‘precommitment’ strategy that has the effect of forcing me into doing it. It’s overdue anyway.) In May, the USDi token (freely mintable at ) will return 12.59% annualized. That’s not an estimate, and it isn’t a typo. As I type…