Author: Money Mechanics

(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.…

spiked to $111.29 per barrel on Thursday, with trading at $107.57, inverting the global benchmark structure as the market repriced accessible supply amid a prolonged disruption at the Strait of Hormuz. WTI rarely trades at a premium to Brent. Brent crude reflects seaborne crude and typically leads during global supply shocks, while WTI crude is usually discounted. The current inversion points to a breakdown in normal pricing signals tied to physical flows. Part of the move is technical: WTI’s front-month contract reflects May delivery, while Brent has already rolled to June, skewing the headline spread. But the deeper driver is…

The war in Iran has hammered global oil markets, with gas prices in the U.S. spiking significantly. Amid the rise in transportation costs, Amazon has instituted a new 3.5% fuel surcharge for sellers that use its distribution network. The policy has the potential to inflict significant new costs on the untold merchants that rely on the e-commerce giant to sell their products. Amazon told TechCrunch that the surcharge would be in place for the foreseeable future, although the company said it will continue to evaluate a potential policy shift as market conditions evolve. The news was originally reported by Bloomberg.…

(By Oil & Gas 360) – The first phase of the energy shock moved prices. The second reshaped flows. The third is now redirecting capital. As volatility moves from crude into refined products and logistics, investors are beginning to reposition, not around headline oil prices, but around where the system is tightening most. That shift is already visible. Refiners are emerging as near-term beneficiaries. Elevated crack spreads, particularly in diesel and jet fuel, are widening margins as product prices outpace crude prices. In a market where downstream supply is constrained, refining capacity is becoming more valuable than upstream production alone.…

Stay informed with free updatesSimply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox.Hackers have stolen $280mn from the coffers of an unregulated crypto exchange, just as trading of crypto-based derivatives has surged in popularity.Drift, the largest so-called perpetual futures exchange on the Solana blockchain, said it had fallen victim to an attack launched on Wednesday, with the amount stolen representing about half the total US dollar value on deposit with the exchange.Perpetual futures are derivative contracts with no expiration that are used by cryptocurrency traders to speculate on asset prices that have surged in trading…