Author: Money Mechanics

Kerry Wan/ZDNETFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysUsers can take steps to reduce the risk of attack on smart homes. Strong passwords, MFA, and secure setup all enhance device security. Research smart device brands before making a purchase.As a smart home user, I pause anytime a major data breach hits the news cycle, especially one that involves devices I own or recommend, like security cameras. Recent reports have underscored the question: How easily can your smart home devices be hacked?Also: Your smart plug is seriously underutilized: 7 ways I’ve programmed it in my smart homeMost of us…

Key Takeaways Nvidia shares fell on Thursday after the company posted better-than-expected quarterly results.Wall Street analysts said the market’s reaction could underscore weak sentiment. Nvidia delivered a blockbuster earnings report. But investors aren’t rewarding the stock in kind.  The shares were down more than 2% in early trading Thursday, a day after the company posted fourth-quarter results that blew past analysts’ estimates, thanks to booming demand for its AI chips. Nvidia (NVDA) said its data center revenue, which accounted for the lion’s share of its sales, hit a fresh record high as its Big Tech clients raced to buy up…

(Image credit: Getty Images)With financial markets anticipating a potential decline in benchmark interest rates, three private investment classes — real estate, private equity and general partner stakes — could potentially benefit from improving market and business conditions.Timing the market is often a risky strategy, but it’s helpful for investors to understand the underpinnings of the funds and companies in their portfolios.In December, the Federal Reserve cut its benchmark rate target range to 3.50% to 3.75%, extending an easing cycle that began in mid-2023. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just…

Are you retiring soon and have savings goals you need to meet? This is where a certificate of deposit can be helpful. It provides guaranteed returns without risk.In turn, you won’t have to worry about market fluctuations or Federal Reserve policy impacting your earnings. Short-term CDs, in particular, can be a wise savings vehicle as you approach retirement because they can help you reach your goals without tying up your money for years.It is why I’m going to highlight a specific short-term CD to consider for savers with larger cash reserves (think $50,000 or more). I’ll also offer some things…

(Image credit: Getty Images)As advisers’ relationships with clients continue to expand, we explore both financial and personal goals and objectives on many levels.We often tackle the issues crucial for preserving the quality of life, such as your lifestyle during your retirement chapter. Many advisers stop there, but elite advisers continue on to outline legacy planning, going beyond dwelling only on your financial picture and figures.Your legacy is much more than spreadsheets, dollars and documents — it’s leaving a lasting impact that reflects your values and priorities. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor.…

(Image credit: Getty Images)For decades, investors have been told that “buy and hold” is the surest path to success. We’re encouraged to invest in quality companies, stay the course, and over time, the market will deliver positive results.That may have worked fine for someone in their 40s or 50s with decades of earnings ahead.But if you’re retired — or near retirement — “buy and hold” often turns into something else entirely: Buy and hope. 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…

(Image credit: Brendan SMIALOWSKI / AFP via Getty Images)President Donald Trump delivered his annual State of the Union address to Congress on Tuesday, February 24. At nearly two hours, it set a new record as the longest State of the Union in history. But there was one little nugget that really caught the attention of financial planners … and of the 56 million Americans who currently do not have access to a workplace retirement plan.Specifically, Trump said he will create a new retirement savings account modeled after the Thrift Savings Plan (TSP) that is currently offered to federal workers. And…

Contrary to what some might believe, retirement doesn’t automatically shrink your tax bill. That’s because income sources, like required withdrawals, Social Security benefits, and investment gains, can quietly push you into higher federal tax brackets.Understanding these and other retirement tax traps can help you avoid surprises in 2026 and make your retirement dollars go further. Let’s dive in.Retirement Tax Traps to Know (Image credit: Getty Images)1. Required Minimum Distributions (RMDs)Starting at age 73, retirees must take required minimum distributions (RMDs) from traditional IRAs and 401(k)s. Missing an RMD or withdrawing the wrong amount can trigger a penalty of up to…

Key Takeaways Located on Florida’s Space Coast, Cape Canaveral, named a best place to retire by Investopedia, offers a coastal community with a small-town vibe.Housing costs are lower than in larger Florida metros, and the state’s tax-friendly environment can help retirees with their savings.The community is relaxed and walkable to an extent, with beaches, outdoor activities, and medical facilities nearby. Cape Canaveral, located on Florida’s Space Coast, offers slow-paced seaside living, a laid-back coastal community, lots of sunshine, and easy access to beaches. For retirees looking for an ocean breeze, a quieter locale compared to other Florida metros, and a…

Key Takeaways Buffett’s guiding rule is never risk what you truly need for something you don’t need.High interest consumer debt, especially credit card debt, is a near-certain savings killer and should be paid off before investing. Warren Buffett thinks your biggest financial drag isn’t saving too little. Rather, it’s credit card debt quietly compounding at 18% or more. “The idea of trying to borrow money at 18% [or more] and thinking you’re going to get ahead in life—it isn’t going to work,” he said when asked about high-interest debt in 2001. According to Buffett, paying off high-interest debt will beat…