Author: Money Mechanics

Icy Box Docking and Clone Station pros and cons Pros It’s a dock and a cloning stationSimple and reliable “one-button” HDD and SDD cloningCan handle SATA and M.2 SATA/NVMe drives. Cons Requires external power for cloningNo time indicator for how long a cloning process will take. Follow ZDNET: Add us as a preferred source on Google.While the average user is unlikely to handle a bare SATA HDD or M.2 drive, anyone who builds or maintains PCs, or runs their own NAS systems, will be familiar with these drives. And there inevitably comes a time when you either want to move data from…

(Image credit: Getty Images)Many experienced advisers eventually find that opportunities to work with ultra-high-net-worth families begin to surface more often.Sometimes the path is gradual, as long‑standing clients accumulate wealth over decades. Other times it arrives abruptly through a referral whose balance sheet, family dynamics or business interests are already complex.In both cases, the opportunity is often accompanied by hesitation. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the…

(Image credit: Getty Images)Something interesting has happened in the advisory world over the past few years. Independent advisers have built strong enough brands that high-net-worth families are increasingly willing to work with them.And many advisers, looking at the work they do for a $500,000 family, are asking themselves, “If I could do the same amount of work for a $2 million family, wouldn’t that be more profitable?”The logic is understandable. The reality is more complicated. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special…

(Image credit: Getty Images)For decades we have argued about where kids should learn about money. Schools? Parents? Somewhere in between? Here’s the uncomfortable truth: Financial literacy is not a school subject. It’s a family subject.You can teach algebra in a classroom. You can teach history in a lecture hall. But money? Financial literacy is not about raising kids who know what a mutual fund is. It’s about raising adults who understand choices, consequences and responsibility.And those lessons don’t start in a classroom. They start at home… around the dinner table, in the grocery store aisle, and during conversations about work,…

(Image credit: Getty Images)There’s a belief many high-earning professionals hold, often without consciously realizing it: Being exceptional in your work life means you’re equally equipped to manage the powerful cash flow a successful career can generate.If you’ve built a thriving medical practice, made partner at a law firm or climbed to a senior executive role in tech, you’ve demonstrated discipline, intelligence and an extraordinary capacity to solve complex problems.You need those skills to manage money well, too. But there’s a difference between the ability to earn (a lot of) money and the ability to turn a high income into actual,…

(Image credit: Getty Images)Alongside surging gas prices and a stubbornly high grocery bill, home insurance premiums have also been creeping up over the last few years. In the last year alone, average home insurance rates climbed 6%, according to the Federal Reserve Bank of St. Louis. That’s more than double the overall pace of inflation for the same time period.For those who are retired or near it, the idea of runaway premiums eating up more and more of your fixed income might feel daunting. Fortunately, there are steps you can take now to reign in rising rates.From senior discounts to…

(Image credit: Getty Images)Question: We just retired at 67 with $4.1 million. My husband insists on keeping half our portfolio in stocks. I say it’s not worth the risk. Who’s right?Answer: As of 2022, Americans aged 65 to 74 had an average of $537,560 in retirement savings, according to the Federal Reserve. If you’re a 67-year-old couple with a $4.1 million nest egg, you’re probably in a much stronger financial position than many of your peers.Using the 4% rule, a $4.1 million nest egg could produce $164,000 in annual income, without accounting for inflation. But to sustain a 4% withdrawal…

(Image credit: Getty Images)For Americans considering dual citizenship, a second passport may already be within reach.A growing number of countries, including Canada, are expanding citizenship by descent rules, opening the door for people with family ties to claim citizenship they may not have realized they had.But qualifying is only the first step. Proving eligibility and deciding whether it is worth the time, cost and paperwork can be far more complicated than many expect. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK…

(Image credit: Getty Images)For a long time, the goal of retirement planning felt pretty straightforward: save diligently, spend carefully and leave something meaningful behind for your kids.But that script is starting to change. More retirees are rethinking what they want their money to do for them. Instead of holding back for the sake of a larger inheritance, they are choosing to spend more on experiences now, especially travel. You may have even heard the phrase “SKI,” short for “Spending Kids’ Inheritance,” pop up in conversations or headlines.At first glance, it can sound a little extreme. But for many people, it…

Cincinnati, Ohio-based The Procter & Gamble Company (PG) provides high-quality, daily-use products across a diverse portfolio of categories. Valued at a market cap of $335.7 billion, the company manages iconic brands such as Tide, Pampers, Gillette, Oral-B, and Head & Shoulders. It is scheduled to announce its fiscal Q3 earnings for 2026 before the market opens on Friday, Apr. 24. Ahead of this event, analysts expect this household and personal products company to report a profit of $1.57 per share, up nearly 2% from $1.54 per share in the year-ago quarter. The company has met or topped Wall Street’s earnings estimates in each of the last four quarters.…