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Trump accounts (530A), investing & much more... JUL. 11, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsImVlN2JlYTg0MDYxNyIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjA5ODhjNDVhOTAxMSIsZmFsc2Vd) Trump Accounts By Adam M. Grossman INNOVATION IN THE world of retirement plans is decidedly slow moving. But as of July 4th, investors now have a new savings option known as a Trump account. In short, these are retirement accounts designed specifically for children. Trump accounts share some similarities with traditional individual retirement accounts (IRAs), but there are also key differences. If you have children, grandchildren, nieces or nephews, this new option may be worth exploring. Who is eligible for a Trump account? An account can be opened for any child who will be under 18 as of December 31 in the year that the account is opened. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjZhNzM5MWU5NTEwNiIsZmFsc2Vd) [Screen Shot 2020-06-09 at 3.49.53 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsImJjMTA3MmU0NjViMSIsZmFsc2Vd) The Making of Jonathan Clements By Andrew Clements WHEN READERS THINK of my younger brother Jonathan Clements, they often picture the longtime Wall Street Journal columnist or the founder of HumbleDollar. They remember the clear financial advice, the thoughtful essays and the quiet wisdom that helped millions make better decisions with their money. But every writer has a beginning. As I've been researching Jonathan's life over the past several weeks, I've found myself drawn less to the career everyone knows and more to the people who helped shape it. Before the books, the columns and the countless readers, there was a curious teenager discovering that he loved to write. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsImY2Nzg4ZDQ4ZTMwMyIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.16.26 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsImM1N2MzYTNlOTU4OSIsZmFsc2Vd) Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjVlODQyOTE4ZGZmZSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjA5OGE3M2NkYjU2OCIsZmFsc2Vd). Below are some topics folks are currently talking about: - "We have recently considered buying another property closer to family," notes forum member [edwardsbruce1](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjM2YjJiNjI4NWNiNyIsZmFsc2Vd). "Since selling our current home may take some time, we were thinking we could possibly use a retirement Roth account to come up with the purchase price rather than take a bridge or other loan." - "Despite my protestation, we went to a big box store today, Costco to be specific," says [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsImFjY2NlMDAxZDdmNiIsZmFsc2Vd). "I am not a fan of these stores. They don’t save people money; they encourage spending and for some people waste as well." - "Do a Roth conversion in November or December and you’ve made a smart move in a low-income year," explains [John Urban](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjVkZjQ3ZjZlZDZkNSIsZmFsc2Vd). "You’ve also just bought yourself a tax problem." - "During the last couple of months, I’ve saved around $1000, and I’m not very happy about it," shares [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjY3YmNkNWZkMjZlMiIsZmFsc2Vd). "It’s money I really didn’t want to save. I’d rather have blown it big time." - "While researching Jonathan’s early years, I came across this article he wrote as a teenager for Saga, the magazine at Bryanston School in England," recalls [Andrew Clements.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjUxOTc3NDBiMmFkYiIsZmFsc2Vd) "Years later, Jonathan would say this was his 'entrée to becoming a journalist.'" - "It’s been almost 58 years since my parents decided to immigrate to the U.S. for a better future for me," reflects [Nick Politakis](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjJhMmYxMjU2NmIwZCIsZmFsc2Vd). "That’s the reason they gave as to why they uprooted our lives in Athens, Greece." - "I’m 73 and comfortably retired, still, sometimes, I feel like I should be doing something constructive," observes [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjU1MjM0YWFhMGFlOCIsZmFsc2Vd). "Then good sense reminds me that committing myself to a new venture would require me to show up someplace." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsIjZhYjNjMzI5MTk0MCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzYxNiIsImVlMGMzYjUyOGQ1YiIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Stock market, obstacles, investing & more JUL. 4, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsImJhNzg0Y2MzZTIwZSIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsIjljZTI1OTE2YjRjYiIsZmFsc2Vd) Open Questions By Adam M. Grossman AS WE CELEBRATE 250 years since the Declaration of Independence, I’m reminded of an expression that’s popular in the investment world: “This time is different.” The phrase dates to a 1993 publication titled “16 Rules for Investment Success,” authored by the veteran investment manager Sir John Templeton. Rule number 11 included the following admonition: “The investor who says, ‘This time is different,’ when in fact it’s virtually a repeat of an earlier situation, has uttered among the four most costly words in the annals of investing.” Templeton’s message, in other words: Human nature doesn’t change. Though the facts change with each new market cycle, the outcome will ultimately be driven by the same human tendencies and emotions as we’ve seen many times before. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsIjFlY2RjMGFmNDc2MCIsZmFsc2Vd) https://humbledollar.com/money-guide/investing/ A $30,000 Mistake By John Urban IF YOU’RE IN YOURearly 60s and retired, you probably have a lot of financial questions on your mind. The next few years may be among your lowest-income and lowest-tax-paying years. Your salary and bonus years are behind you. Social Security and required minimum distributions from your IRAs and 401(k)s have not started yet. You are hearing advice about doing Roth conversions during this low-tax window, and the arguments are compelling. You may also be thinking about consulting or part-time work to stay active and bring in some income. This article is about the hidden cost of those decisions: how income choices you make now can affect both your health insurance costs today and your Medicare premiums later. If you don’t understand the interaction, the surprise can cost thousands of dollars. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsIjRiYTgzY2VmYzQ3NCIsZmFsc2Vd) [Screenshot 2022-11-25 at 2.50.47 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsIjUxNDc0YzkzYTZlYiIsZmFsc2Vd) Speak Up GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsImE2ZDI2NjFlMDczMCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsImU4MzgwMGY3OTQ1YiIsZmFsc2Vd). Below are some topics folks are currently talking about: - "Today marks the one-year anniversary of my retirement after a 35-year career as a university professor," reflects forum member [DrLefty](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsIjU2YzlmMWJhYTE1ZiIsZmFsc2Vd). "I thought I’d add some thoughts about the first year 'out' has gone for me." - "More than forty years after we first met, Mrs. Dolezal sent me a letter shortly before she passed away," recalls [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsIjJhMzhhZTNjOTQ3YiIsZmFsc2Vd). "As I read her letter, one passage stopped me in my tracks..." - "Would you 'waste money' on something of questionable value?" asks [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsImM3NTVhNDAxN2Y0NSIsZmFsc2Vd). "I bet you would and have, possibly multiple times a year." - "Admittedly, I retired three years past my youthful self’s 55 target," recounts [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsImQ5YWFhMWY2MDZhYyIsZmFsc2Vd). "Not bad for a guess made by someone who couldn’t have told you what compound interest was." - "As we celebrate Independence Day and 250 years as a nation, I also celebrate my independence from owning individual stocks," shares forum member [D.J](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsIjYyZDQ0YWU0ODVmOCIsZmFsc2Vd). "Any similar stories of individual stocks or employee stock programs out there?" - "For the past seven years, I worked in contemporary art," writes [Ricardo Diaque](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsIjdkNjYxYWRkNzgzMCIsZmFsc2Vd). "Four months ago, I left galleries for a financial institution." - "Yesterday I spent the day reading 'Money and Me' in basically one sitting," notes forum member [rkhamilton920](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsIjEzNjBiNzE3Y2NlMCIsZmFsc2Vd). "I kept thinking I should do something else besides reading. I found myself saying – 'just a few more chapters' – and before I knew it I had finished the book." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsImY5NzUxOTkwZjI3OCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzU2MCIsImU5OTJjNmI1OGU3NSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Investing, Social Security, and much more... JUN. 27, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsIjlmZDFhZDA3MmUxNCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsIjQwZDAxNGM2MDJlYiIsZmFsc2Vd) Investment Wisdom By Adam M. Grossman THE INVESTMENT WORLD is full of storytellers. And while these folks might be entertaining, they generally aren’t very helpful. There’s one category of stories, however, that I do think is useful: They’re what I might call investment fables. They’re apocryphal stories that likely aren’t real. But they’re helpful nonetheless because each carries a useful lesson. Here are some of the more popular ones. Consumer choice. In 1999, Richard Mille and a partner launched a company to make wristwatches. By 2001, the company was ready to begin taking orders for its first model, the RM 001. They knew they wanted to target a high-end market, so they chose the Financial Times for their first advertisement. According to legend, however, a graphic designer at the newspaper made a mistake. Instead of including the watch’s intended price of $13,500, an extra zero was added, making the price $135,000. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsIjIyNjg0OTQ1MWJkYiIsZmFsc2Vd) [Screen Shot 2022-07-24 at 4.43.45 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsImNlMzg4NmQ4NDVmZiIsZmFsc2Vd) Share Your Wisdom GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsIjkwYTdlMTNhZWY3MiIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsImFkYzhlY2U5N2YyMSIsZmFsc2Vd). Below are some topics folks are currently talking about: - “There is a slowing growing movement to offer annuities within 401k plans, mostly through target date funds,” observes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsIjlkN2MxZDFkYTViZiIsZmFsc2Vd). “I think it’s a good and much needed option for the great majority of workers.” - “At every stage of my life, I picked up at least a tidbit of knowledge that helped me when I moved on to the next step," reflects [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsIjIwM2U0ZWQwN2I1ZCIsZmFsc2Vd). "Here is some of the curriculum from my school of life." - “Rebalancing sounds simple. Pick your target allocation and, whenever a holding drifts too far, trade back to target,” writes [Mark Gardner](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsImYzZDA1Njg0MDNkYyIsZmFsc2Vd). “The problem was that I never stopped to ask what 'too far' meant.” - “I found myself thinking about war, not from the perspective of governments or military leaders, but through the eyes of ordinary families,” explains [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsImVlOGFiOGI2ZGUwNyIsZmFsc2Vd). “Those thoughts eventually led me to write a poem called Four Walls.” - “In February, Guindy Sam wrote about taxes on foreign dividends and taxes, and I decided to quantify the issue using data from the index provider MSCI,” reports [Matt Halperin](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsImUwZTJkYWMyNjQ4MCIsZmFsc2Vd). - "I recently received an email from Vanguard informing me they’re updating the prospectus on a developed world fund I hold with them," shares [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsIjMyOWViZTg2N2FiOCIsZmFsc2Vd). "The change relates to concentration limits." - "The question is not whether AI is real," notes [W.D. Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsIjYyZWI1ZmIyNmE0YSIsZmFsc2Vd). "The question is which companies are the tracks and which are Billy’s certificate." https://www.amazon.com/My-Money-Journey-financial-freedom/dp/0857199862/ This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. https://humbledollar.com/articles/ [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsIjZkOTI0OTRmOGVkMyIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzUyNCIsIjkxZTY4MzkwMGQ2MyIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Stock market, volatility and more! JUN. 20, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsImM2OWUzYTAyNmNiMCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsImY4MDJhOGE0M2E5MiIsZmFsc2Vd) Pricing the Future By Adam M. Grossman THE WAY INVESTORS think about the stock market may be entirely wrong. Intuition tells us, and academic research confirms, that a company’s stock price should respond to important news and information. When a company announces a new product, for example, its stock should go up. And when results fall short of expectations, it should decline. But a new paper titled “The Inefficient Pricing of News” calls this idea into question. The authors found that investors respond much more slowly and inconsistently to market news than previously thought. In some cases, it took a year or more for a stock price to respond. Why would that be the case? Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsIjY3MTk5NWY0OWQxYSIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsIjJmYTliOTU3ZTIxNiIsZmFsc2Vd) Close to Everything I Need By Dennis Friedman I DON’T HAVE MANYregrets in life. But there is one conversation with my mother that I wish I had never had. It was about moving her into an assisted living facility. She was in her 90s, and I thought it would be best for both of us. My mother would receive better care, and I could take much-needed breaks. She could even keep her house and spend time there when I was with her. It seemed like a middle-of-the-road approach to providing care. I thought it was a win-win situation for both of us. But I couldn't convince my mother to leave the home she had lived in for 42 years. She would ask me questions like, “How far my bed would be from the front door?” I was beginning to understand that she was afraid of moving to an unfamiliar place. It was simply too much to ask of her. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsImM3YmE3YTI3MDY0MyIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsIjE0OGZiMDQwOTE4ZiIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsIjk4YjIyMmRhMjk1NiIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsIjk5N2U1YTAyZDM1OCIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Your 35 years of earnings is what determines your social security benefit, not the taxes paid,” explains [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsImZmMTgxYjZlNmY2NCIsZmFsc2Vd). "Here is why." - “Most investors understand risk-adjusted return,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsIjQ0Mjc5OGM3ZmM0ZiIsZmFsc2Vd). “That gap, between what you made and what it actually cost to make it, is where some of the most important financial decisions of a life get made without anyone really noticing.” - “A friend of mine was shocked when his 'safe' bond fund fell in value as rates shot up after the Fed raised interest rates,” says [Matt Halperin](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsImNjNWRhYTQ4MjYxYSIsZmFsc2Vd). “Many investors do not really understand the main difference between bonds and bond funds.” - “I know the HD readers have much in common. I’m interested to find out about our diversity,” notes [Larry](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsImQ0YWI3NGJhOWVkYyIsZmFsc2Vd). “What I’m interested in, is not the size of anyone’s portfolio, but its contents.” - "After my sister died from a fentanyl overdose last year, I found out the cost of her addiction," shares [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsImU4Y2Y3N2FhOGYwYSIsZmFsc2Vd). "Then I realized I was measuring the wrong loss." - "When I took on several major home 'repairs', I couldn’t bring myself to take out a home equity or personal loan," reflects [Catherine](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsIjZjYjM1MmE2YjE3OCIsZmFsc2Vd). "Instead, I spent down 'emergency' cash and withdrew longtime holdings from a taxable brokerage account to cover construction costs." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsIjBhYzcxYzI1NmU1YSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ4NCIsImY0NGQ1NmY5NmUwOCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Stock market, savings, and more... JUN. 13, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjQ3Y2U0NmYzN2E4NyIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjZkYjBiZjVlMzFlNCIsZmFsc2Vd) The Market's Unpredictability By Adam M. Grossman EARLIER THIS SPRING, Emil Verner, an economist at MIT, made an observation: The stock market, he said, seemed to be exhibiting “excess tranquility.” Despite an ongoing war, inflation and other negative headlines, investors seemed surprisingly unfazed. The market was on track for its fourth year in a row of positive returns. Through May, it had gained 11%. But no sooner did Verner make this observation that the market did begin to wobble. Last Friday, the Nasdaq index dropped more than 4%, and several individual stocks [sank](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsImIzZTFmMzI1MTU2YiIsZmFsc2Vd) more than 10%. How can we make sense of this—that, despite the headlines, the market was so resilient for so many months, but then reversed course so suddenly? Looking at this question can help us better understand the nature of the stock market and why its movements often seem so illogical. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjkzZTIwODg3M2Q0NyIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjhiOTFjZWFkOTBiZiIsZmFsc2Vd) Beyond Bank Accounts By Sanjib Saha I OPENED MY FIRST bank account in the US at a local credit union (CU) close to my workplace. The CU had several convenient offers for employees of our company. With minimal effort, I opened checking and savings accounts, got free checkbooks and a credit card despite having no credit history in the US. I was so pleased with the convenience that I handled all my banking needs through this CU for many years. That included direct deposit of my salary, payments and withdrawals, a car loan, and certificates of deposit (CDs) as my savings grew. I still maintain my checking account here and occasionally enjoy special favors as a longtime loyal customer. Eventually, I realized that I earned very little interest from the bank deposits. I shopped around, found other banks with better rates, opened several accounts here and there, and moved my money around. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsImFiNjg2MmE4ZDdiMyIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsImU2ZDY4MTRmOWE4NiIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjE5NDQ1OWMzOWVmYSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjIwOTg5YWZlZWI0MyIsZmFsc2Vd). Below are some topics folks are currently talking about: - “The amount of misinformation out there about Social Security is astounding and to me very disturbing,” writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsImQyOTEwMjBlMzdiNyIsZmFsc2Vd). “I put this fact sheet together. I hope you will share the next time you hear one of the outrageous claims being made.” - “The lab-grown diamond market has grown so rapidly that it has effectively crashed the value of stones,” says [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjlkMDQ1ZGFkMGM5NSIsZmFsc2Vd). “The earth spent billions of years making something rare, and then chemistry spent about fifteen years making it commonplace.” - “On measuring success: I’d say a plan is working when the household stops worrying about money in the foreground and starts thinking about living life,” explains [Javier Escobar](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjdhNzVkNTU3ZmEzZSIsZmFsc2Vd). “Not because the money is unlimited, but because the structure has become trustworthy enough to fade from attention.” - “The irony is that Jonathan spent much of his career writing about money,” recalls [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsImEzNmM3ZTU0ODI5NSIsZmFsc2Vd). “Yet when it came time to summarize his own life, he chose three words that had nothing to do with finances.” - "Most retirement planning revolves around one anxious query: 'Will I run out of money?' For people who saved diligently, that usually isn't the real issue," notes [Mark Gardner](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjlmMmNiNmRmOTJkMiIsZmFsc2Vd). "The real issue is quieter: How much of what I've saved can I actually spend without worrying about everything that might go wrong?" - "Below are the results of two 2025 tax returns I processed, and one based on the AARP calculator for tax year 2026," states [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjE1YzNlMTAwODJkNSIsZmFsc2Vd). "Do you think these couples should pay more tax, less tax, or is this just about right?" This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjMwNGE0YjA2MmJiNCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzQ0NyIsIjE5MmY4YWIyNWM2NCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Reminder from Jonathan Clements, saving & more... JUN. 6, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsImQxZDQ4MTZiY2YxMCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsIjdiZmYwMDc3OTBlZiIsZmFsc2Vd) Bucket Strategy By Adam M. Grossman A WHILE BACK, I was speaking with a fellow who had recently retired. He shared this observation, only half-jokingly: “Working was easy,” he said. What he meant was that financial management during our working years is more straightforward than it is in retirement. We earn and save and hope that our savings grow. But when we get to retirement, it becomes more complicated to know exactly how to manage those savings. In the 1950s, a Ph.D. student named Harry Markowitz developed a framework to help investors answer this question. His approach, which is now known as modern portfolio theory, provided new insights on how to effectively diversify a portfolio. He later won a Nobel Prize for this work. But useful as it was, modern portfolio theory involved a lot of math and didn’t offer investors any practical help in managing their savings. Other academic theories have emerged over the years, but all of them involved similar levels of complexity. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsIjYwY2E4MmQ2M2JkZiIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsImIxMmFkOTAzN2YzOSIsZmFsc2Vd) Mega Backdoor Roth By Bogdan Sheremeta I WAS RECENTLY asked about strategies that high earners can use to reduce their tax bill. Most people know the usual options. They contribute to a 401(k), fund a health savings account or make a Roth IRA contribution through the backdoor method. Business owners may have additional opportunities through retirement plans and business structures. But there's another strategy worth knowing about: the Mega Backdoor Roth (MBDR). Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsIjFiOTliYWQ1MGQyMiIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsIjgzYWJiNmZmYWY3MiIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsIjk4ZTM5YjkzNjc1NSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsIjQwNGUwNzI4ZmQ3NCIsZmFsc2Vd). Below are some topics folks are currently talking about: - "I’m not afraid of dying," writes the late [Jonathan Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsImI2MGEwYjJmM2NkYSIsZmFsc2Vd) in a pre-scheduled post. "But the idea of not living, and missing out on all the joys that life offers, fills me with sadness." - "Judging by all the buzz on social media—and the emails from the youngsters in my family—the SpaceX IPO appears to be the first investment in history with no downside," notes [Mark Gardner](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsImVkNTQyNzJmMDk4MSIsZmFsc2Vd). Is that true though? - "Over the years, Suzie and I have approached clothing from fundamentally different financial philosophies," reflects [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsImU4M2NhYjZhMDU2YiIsZmFsc2Vd). "The clearest indicator lives in our walk-in dressing room: 36 feet of hanging rails for her, approximately four feet for me." - "I didn’t intend to go back to work, and I haven’t," says [Javier Escobar](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsImFhNjUyMDQ5ZDA3OCIsZmFsc2Vd). "What motivated me was an interest in learning how to manage my own finances better." - "We have now emerged from the hellish phase of moving and are settling into our new home," shares [DrLefty](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsIjE2ZDgyYzRkYWM0NiIsZmFsc2Vd). "I have found it quite amazing/shocking how many expenses there have been over the last few weeks for both ends of the transaction." - "Do you know Peter Cancro?" asks [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsIjcyODE4MTg4NTg0NiIsZmFsc2Vd). "Peter is 69 years old and someone to be admired, someone who started out very ordinary and in one transaction became a new US billionaire, around $4.9 billion netted from selling his business." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsIjUxZDE5ZDA5ZWFmOSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzM3OCIsIjJmODgzN2E3MTJlMCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

New book, health and money… MAY 30, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsIjRmZTQwMmE3MzFjZCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsImM5NzMxNGFiZDhkMyIsZmFsc2Vd) Money and Me By Adam M. Grossman JONATHAN CLEMENTS’S final book was released this week. Titled Money and Me, it traces the arc of Jonathan’s nearly four-decade career as a personal finance columnist. Money and Me starts with the story of a man named George Cope, who was a nineteenth century tobacco baron. At the time of his death in 1888, Cope was one of Britain’s richest men. But within just two generations, his fortune was gone. Why? Cope’s daughter was the sole heir to her father’s fortune, but she lived what Jonathan described as a Downton Abbey lifestyle, on an estate in the Cotswolds with five homes and eight children. Before long, the fortune was gone. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsIjMzZDk1ZWY5NGY0NSIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsIjljNTM1Y2ZmMWM1MyIsZmFsc2Vd) The Humbling Side of Aging By Dennis Friedman WHEN I STARTED writing for HumbleDollar, Jonathan gave me some simple but important advice: “Don’t brag about your financial situation. You want readers to like you.” Perhaps that’s one of the reasons he named his financial site HumbleDollar. I try to follow this advice not only regarding money, but in other aspects of my life. I know how fleeting things can be—especially when it comes to health. Life can change on a dime. It can humble you. At age 75, I’ve been fortunate with my health. I have had no major illnesses or pain that slowed me down. I could do pretty much whatever I wanted to do. However, that suddenly changed. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsImZhMjllNzYwOTgzOCIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsIjlkOWVjM2YxNTYxNSIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsImQ4MjQ3MzM0M2M5OSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsImYwMDA0ZDFkYzE4MSIsZmFsc2Vd). Below are some topics folks are currently talking about - “Retirement planning works exactly like race training,” notes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsImNlNDEwYmMxYjZiOCIsZmFsc2Vd). “Start early, build consistently, and the goal feels manageable.” - “We seem to mix up income and wealth,” says [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsIjdhYThhZDU5ZDBkOSIsZmFsc2Vd). “I see income as a permanent gain, but if we include unrealized gains it can also be a partial or total loss, not so much income.” - “The entire retirement community thing might just be a very successful real estate development / marketing scheme targeting the anxieties of seniors,” writes [Keith Pleas](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsImE5NWNkYjcwNWY3ZSIsZmFsc2Vd). - “A friend shared an interesting idea from David Bach’s ‘IRA Flat Tax’ proposal,” discloses [Jeff Peck](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsImM2MjU2YzZhODRmMyIsZmFsc2Vd). “The goal would be to make it easier for retirees to use the money they spent decades saving, instead of letting fear of taxes, RMDs, and complicated tax planning keep that money locked up until later in life.” - “I recently helped a friend go through probate after her father passed away,” says [Lucretia Ryan](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsIjI3ZjVmOTIyM2I1NyIsZmFsc2Vd). “Although he had a will, he did not have a Revocable Living trust— the document that can help families avoid lengthy and costly probate.” - “I started thinking about how the likes of John Bogle and Jonathan Clements helped me develop a thick skin for market gyrations and the things we can’t control,” notes forum member [D.J](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsIjhkOGFhYWE5NWU1MSIsZmFsc2Vd). “They were calm, thoughtful mentors whose writing helped me take a long view in times of uncertainty.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsIjYxYTllYWQ2YWMwNyIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzI5NCIsIjI0MjEyZThmODY2YyIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Inflation, investing & more MAY 23, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsIjExY2Y1YmE5MDUzMSIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsIjBhZjVlZDQ3OGQzZCIsZmFsc2Vd) Inflation and Innovation By Adam M. Grossman ECONOMICS IS KNOWN as “the dismal science,” and perhaps for good reason. Oftentimes it can be abstract and overly academic. There are, however, certain economic concepts that can be helpful to individual investors. Below are two that I see as especially important. When it comes to the government’s ability to control, or least influence, the economy, there are two main levers. The first is fiscal policy, which refers to Congress’s (as well as state and local governments') ability to levy taxes and to spend money. The most well known economist associated with fiscal policy was John Maynard Keynes. During economic downturns, Keynes argued, governments shouldn’t hesitate to spend more—and to run deficits, if need be—to help reduce unemployment and lift the economy back up. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsIjBhMmFjN2MwYjczOSIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsIjBhY2Y4MGQzNjUyZSIsZmFsc2Vd) Deeply Rooted By Mark Crothers JUNE MARKS THREE years since my mum passed from complications of vascular dementia. It was a tough couple of years, watching her mind slowly fail and her world shrink a little more with each passing month. Anyone who has cared for a loved one in the late stages of dementia will know how difficult and disjointed even the simplest conversation becomes. The loops, the confusion, the frustration of trying to redirect someone you love from a thought they can no longer find their way out of. Mum had been comfortable, if lonely, in retirement. She was a widow for twenty-five years, and she often said with genuine surprise in her voice that she was better off financially than at any other point in her life. Not having to worry about money was a relief she never took for granted. But here's the thing: she never really thought about money either. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsImFjNjY5MzI0YzhhMiIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsIjg0NDViYjRiODkwNSIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsImUzNDYxY2I3MTIwYiIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsImExZjUxOGM4ZDliNSIsZmFsc2Vd). Below are some topics folks are currently talking about: - "It’s time to scrap all tax-advantaged defined contribution retirement plans and replace them with one plan, one set of rules, uniform limits," writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsIjFlNjIxOGJmNDY2OSIsZmFsc2Vd). "No IRAs of any kind, no 403b,no 401k, no nothing else." - "In the end, my father achieved almost everything his own father had hoped for him," notes [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsImMyOWExMTZlNmJlMSIsZmFsc2Vd). "But the peace he searched for all his life proved far harder to find." - "Have you ever come across a clever idea, and kicked yourself because you didn’t think of it first? " asks [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsImE2OGIzMTYwZGM4YyIsZmFsc2Vd). "Well, this is one of those times for me." - "The 401(k) experience opened a new chapter in my life and helped me develop the confidence to later invest in a taxable brokerage account and Roth IRA," recalls forum member [D.J](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsImZjNzFlYTRiOWM0MSIsZmFsc2Vd). "Having tax-deferred, taxable, and tax-free savings should provide flexibility when I turn the page to retirement." - "The basic idea is simple: for a limited window, maybe 2026–2033, retirees could voluntarily withdraw money from traditional IRAs, 401(k)s, and similar retirement accounts at a flat federal tax rate — possibly around 12%," writes [Jeff Peck](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsImEwNjk3MDJkOGE5YiIsZmFsc2Vd). What do you think of this idea? - "After some googling and a conversation with Claude AI, I discovered a high-risk, suburban investment world behind the wannabe pro golfer that hadn’t crossed my mind," intrigues [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsIjJiZWZjYWM3YWIzMyIsZmFsc2Vd). "I thought it was worth sharing." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsImVhYWM4MjJlODRiMiIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzIwOCIsImQ1M2I0ZDk5ZmRlZSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

New book, investing, and retirement accounts... MAY 16, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsIjc1YmI5YzViYjVjNiIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsImExMzUxMjEzMzM2NiIsZmFsc2Vd) Resilient Investing By Adam M. Grossman BACK IN 2010, at the Berkshire Hathaway annual meeting, a shareholder challenged Warren Buffett. Noting that shares of motorcycle maker Harley-Davidson had nearly tripled over the prior year, he asked Buffett why he had chosen to buy the company’s bonds rather than its stock. Buffett’s reply was a two-minute masterclass in how to think about investments. It’s worth walking through it point by point. To start, Buffett acknowledged that hindsight can be cruel. “I might have asked the same question,” he said. But then he reminded the investor that we should never judge an investment decision solely based on its result. Instead, he emphasized the importance of a sound decision-making process. He then detailed how he thought about the Harley decision at the time. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsImE5YjMyNTMwNjEzYiIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsIjE1ODY2YWFlNGU0YiIsZmFsc2Vd) Retirement Accounts By Bogdan Sheremeta I WAS SCROLLING through social media recently and saw somebody dismiss retirement accounts as “paper wealth.” The argument was familiar: Your money is locked away and you’re waiting for permission to access it. There’s a grain of truth here. Retirement accounts do come with rules. But much of the discussion online ignores how flexible these accounts actually are. More important, it ignores the enormous tax advantages. Most people today will likely live well beyond age 59½. Many will spend two or three decades in retirement. Even if somebody retires early, they’ll still need assets later in life. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsImFiOGIxZDdlZTQ5NCIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsImUxOGYwZmNiNWZjOCIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsImI0OTI3NDBjYTY1OSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsImY1ZDk5M2Y1YmUzNCIsZmFsc2Vd). Below are some topics folks are currently talking about: - "Jonathan’s book, Money and Me, will be available on Amazon on May 26, with preorders open now," notifies [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsImZjMWUyNGIwYmM4OSIsZmFsc2Vd). - “Young adults entering the job market often focus on the salary or hourly wage first, and that makes sense,” writes [Jeff Peck](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsImNiMTU3YjA1YjQxMCIsZmFsc2Vd). “But the benefits package can be just as important, and sometimes a slightly lower-paying job with stronger benefits is actually the better deal.” - “Do any HumbleDollar readers use direct indexing?" asks Forum member [ostrichtacossaturn7593](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsIjMxODJlOTNmNDUxNSIsZmFsc2Vd). "If you are either using this relatively new financial tool, or if you seriously considered it and made a reasoned decision not to use it, I’d appreciate hearing from you." - "Have you ever watched a small, entirely avoidable expense reveal itself as a window into how modern spending actually works?" wonders [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsIjljNWU5ZmQ1M2U5MSIsZmFsc2Vd). "I recently received a masterclass, courtesy of a Nerf gun, a glass light shade, and my own stubborn refusal to just buy a new kitchen fixture." - “I didn’t have to rely on financial aid and never had to take out a loan for college or graduate school,” tells [D.J](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsIjhhNWVlMTBiNjJhZiIsZmFsc2Vd). “Upon graduation, I had money in the bank, a healthy emergency fund, and no debt weighing me down.” - “Looking back now, I realize the business gave me far more than financial security. It gave me resilience, perspective, and eventually the freedom to step away” writes [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsIjBkNTAwNGJiNWI3MSIsZmFsc2Vd). “But like most worthwhile journeys, the cost was higher than I understood at the time.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsImMxNjAxNDRhMTc4NiIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzE3MiIsIjQzMTYyODVhNWZiYyIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Stock market, retirement, and scammers... MAY 9, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjM3ZTk4YjA3OWU4ZCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsImJhMjcxZjEyNDE1MSIsZmFsc2Vd) Pricing the Impossible By Adam M. Grossman AN UNUSUAL STORY hit the news this week. GameStop, the struggling video game retailer, announced a bid to buy eBay. The offer was unexpected, but what surprised investors more was the economics of the proposed deal. eBay is many times larger than GameStop, making it difficult to understand how GameStop would be able to finance the acquisition. GameStop has offered $56 billion for eBay, comprised of cash and stock. For the cash portion, according to its May 3 press release, GameStop would use the $9 billion it has in the bank and borrow the remainder from TD Bank, which has committed up to $20 billion to the deal. But that, in a sense, is the easy part. The stock portion is what left investors with many more questions. That’s because GameStop’s total market value is in the neighborhood of just $11 billion, so it isn’t clear how it would be able to hand over $28 billion of shares. Its share price would somehow have to multiply for this to work... Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsImM0NGFiYzhiZmQwNCIsZmFsc2Vd) [Screen Shot 2020-06-09 at 3.49.53 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjE3OTM3NjkwZWM2YSIsZmFsc2Vd) Slow on the Draw By Edmund Marsh RETIREMENT IS LIFE’S most expensive purchase. During our working years, we deprive our present selves of immediate pleasure by refusing to spend money for nicer cars, a bigger house or a vacation to boast about. Instead, we squirrel away those saved dollars with an eye toward keeping the future us fed, clothed and living indoors. At age 64, after decades of choosing to save and invest a large chunk of each paycheck, rather than spend it, I’ve bought a choice: Fully retire to fully embrace life after work, or carry on in a career that still adds purpose to my life. I’ve chosen to stay, but I’ve whittled down my work hours too far to handle all of my family’s spending needs. Thus, I’m faced with reaching into savings for the first time. More about that later. But first, where is our money, and why? Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjdmYzE2MzNmZDY5NSIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.16.26 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjcxZmU4OWY3MzgwMiIsZmFsc2Vd) Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsImJmZTViOTgyMDZkYSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjAyMzY5ZTM5NDY3YSIsZmFsc2Vd). Below are some topics folks are currently talking about: - “What advice would you offer those graduating college this month?" asks the late [Jonathan Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjM4MzYyNTAyODJjMiIsZmFsc2Vd) in a pre-scheduled post. "Here are just five of the items I’d emphasize...” - “With this remarkable woman in mind, I’d like to wish a Happy Mother’s Day to all the strong women like her who make things happen for their families,” writes [D.J](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjdhNjhjNTA3ZWU3MyIsZmFsc2Vd). “What wise financial advice or habits did your mom impart to you?" - "A moment’s inattention is all a scammer needs to get in," cautions [Jim Wasserman](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjU1M2RlNTRmMjJhNSIsZmFsc2Vd). "Scammers only need to be lucky once; we need to be lucky – and vigilant – every time." - “I used to get frustrated with certain people I know,” says [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjc5YzE3ZDdmMzc4YyIsZmFsc2Vd). “I’m happy to report I’ve since been cured of that particular affliction. These days I simply shrug, step back, and let them crack on with their endless parade of self-inflicted financial disasters.” - “What felt like dedication to the business slowly became absence at home. I didn’t see it clearly at the time, but the cost was building,” writes [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjE3M2U2ZWUxNGZlZSIsZmFsc2Vd). “By the time I realized, it was too late. My marriage was starting to crumble, the damage was already done.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsImEwYmQ2ODYyNDNiOCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzEzMSIsIjQyYzA3YTVkM2YxNSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Wall Street, saving for grandchildren, autonomous vehicles & more MAY 2, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjM3MjUzM2U2NTgwNiIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjhkMzZhNWZhMTI3ZSIsZmFsc2Vd) Wall Street Trap By Adam M. Grossman IN THE INVESTMENT world, May 1st is a notable day. It was on May 1, 1975 that the Securities and Exchange Commission deregulated the brokerage industry. For the 183 years prior to that, trading commissions on the New York Stock Exchange had been fixed at uniformly high rates. But when deregulation arrived, competition got going. That’s when discount brokers like Charles Schwab got rolling, and over time, May Day, as it’s now referred to, has delivered enormous savings to consumers. More than 50 years later, though, Wall Street still operates in ways that are often at odds with consumer interests. As an individual investor, what are the obstacles to be aware of? Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsImExZjZmNWVlNTQ3OSIsZmFsc2Vd) [Screen Shot 2020-06-09 at 3.49.53 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjRiYjdlMWMzZGU2YiIsZmFsc2Vd) Saving for Grandchildren By John Yeigh OUR FIRST GRANDCHILD recently arrived, which naturally has us thinking about the smartest ways to build a strong financial foundation for her future. In 2019, I wrote [Take a Break](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsImNkZDUwNTVkOTczNSIsZmFsc2Vd), which outlined saving strategies on behalf of children. Since then, the landscape has changed with the introduction of Trump accounts and Roth-conversion pathways for 529 accounts. Families have four tax-advantaged savings approaches on behalf of young children plus the Roth IRA option once the child has earned income – 529 education savings account, a Uniform Gift to Minor (UGM) custodial account, a Coverdell account, and the new Trump account. Each option offers a different mix of tax benefits, contribution requirements and withdrawal rules. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjM5ZDg4OGJiYzhlMyIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.16.26 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsImVhZjc1YTFiNTcwNiIsZmFsc2Vd) Ageing and the Open Road By Mark Crothers RECENTLY I TOOK a free ride on a driverless bus trialling its proposed route, part of my local administration's ten-year rollout plan for self-driving public transport and taxis. I see real potential in this technology, and I'm hoping the infrastructure and implementation stay on schedule. That hope is mostly selfish, I'll admit. In fifteen years I'll be in my mid-seventies, and I'd love to ditch my car and rely on cheap, dependable robo-taxis instead. It would give me freedom precisely in that decade of life when driving starts to become genuinely problematic. I'm planning to change my car in 2027 for a modern hybrid, but in the back of my mind is the thought that it could be my last. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjZhMDViMTdlMGJmMiIsZmFsc2Vd) [Screen Shot 2020-06-09 at 3.49.53 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjRiYjdlMWMzZGU2YiIsZmFsc2Vd) Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjhhNjY4YTNiNzY1ZSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsImExNTY1MmI2MjZmYSIsZmFsc2Vd). Below are some topics folks are currently talking about: - “If you save only 5% of income instead of 10%, you’d have about $645,600 after 40 year. About $457,000 of the final $645,600 is growth from returns on your investments,” writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjA5NzQ4MmY5ZTU2OCIsZmFsc2Vd). “Compounding is pretty powerful stuff.” - “It’s easy to admire visible success: Careers with titles, businesses that flourish, financial milestones we are taught to pursue,” says [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjIyNjc3ZThmNjk4YiIsZmFsc2Vd). “But there’s another kind of work all around us...” - “Here’s a question worth asking as our anniversaries have stacked up: what if someone had slipped a $10,000 index fund certificate into one of those cards?What would that imaginary gift be worth today?” explores [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsImIwZTAxYzk2MTA5NyIsZmFsc2Vd). - “Invest regularly, keep costs low, spread your money across many companies, and give your investments time to grow," encourages [W.D Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjc0YjhlMzNmODJlZCIsZmFsc2Vd). - "Our oldest is going off to college and I’m curious how much parents provide their young adults on a monthly basis for food and incidentals?” asks [Chris.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjEyZTY5MDBlZjI1YiIsZmFsc2Vd) This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjdkNjVlNzdlZDMwMCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA5NCIsIjAwZDMwYjRmOTdkOCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Stock market, handling obstacles, Social Security & more APR. 25, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsImExNGE2ODdmYmNiNCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsIjVlMjlhMmRlMWNkMyIsZmFsc2Vd) Driving Prices By Adam M. Grossman IN 2020, ELECTRIC car maker Lucid Motors brought in revenue of $4 million. Five years later, sales had risen impressively, to more than $1 billion. In 2025 alone, sales grew 68%. That sounds like a success story, and through that lens, it is. And yet, over that same period, the company’s stock dropped more than 89%. What happened? A better question is: What didn’t happen? Despite growing sales, the company has struggled to turn a profit. On sales of $1.3 billion last year, Lucid posted a loss of $3.8 billion. It’s experienced production problems and management turnover. It’s seen its competitors cut prices. As a result, it’s been forced to issue new shares, thus diluting the value of existing investors’ holdings, just to keep the lights on. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsIjlkMzNkNGRhYjkzZSIsZmFsc2Vd) https://humbledollar.com/money-guide/investing/ Around the Obstacles By Dan Smith I WAS 48 years old when the judgement was final and the papers were signed. My former wife and I split our net worth 50/50. There were no arguments over household items like furniture; I didn’t care about that stuff. Pam gladly accepted my proposal that she keep the house, and all its equity, in exchange for me keeping an offsetting amount of the IRAs and my 401(k), a very good move for my future self. By giving up the house, I also escaped the mortgage, which was the only loan obligation I had. Had there been consumer debt (there was none), I would have eliminated that as quickly as possible, beginning with the highest interest loans. I was ordered to pay spousal support to age 65, or my retirement if I worked beyond 65. I would be lying if I told you that I liked paying alimony. Still, it wasn’t unfair considering our age at divorce, Pam’s depression, and the fact that she mostly stayed at home to raise our kids. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsIjM1MmZkMjljMzE5NiIsZmFsc2Vd) [Screenshot 2022-11-25 at 2.50.47 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsImZiMzE5YmM5NDQxZSIsZmFsc2Vd) Speak Up GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsImYzY2U3ZWM5ZTc2ZiIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsIjNkYTY5NGZiODU0MyIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Under Jonathan’s guidance, the plan was simple, we wait until 67 and lock in a larger monthly check,” writes [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsIjg2NjU0OGYxZjUyYiIsZmFsc2Vd). “It was sound advice, grounded in math and discipline. So I held onto it.Then everything changed.” - :Social isolation among the elderly increases mortality risk by margins comparable to smoking or obesity," notes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsImQ2Y2UyNzgxMjhhNCIsZmFsc2Vd). "It accelerates cognitive decline, weakens immune function, and dramatically increases the likelihood of depression." - “I’ve written two recent posts about our decision to buy a new (to us) home and sell our condo,” says forum member [DrLefty](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsIjMyZjMxNGY5MTExOCIsZmFsc2Vd). “I appreciate all the comments and well-wishes I’ve received, but I’ve decided to be candid about one aspect of this big 'little' move..." - “The life we built, the family we raised, and the future we prepared for were not handed to us,” recalls [Jeff Peck](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsIjU4ZTBkOWIzMjU4YiIsZmFsc2Vd). “They were built—day by day, dollar by dollar, choice by choice.” - “On the recommendation of the advisor at his bank, Ron purchased municipal bonds because they were tax exempt,” explains [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsIjA4YWYzZjk3MWIwZiIsZmFsc2Vd). “He was shocked to learn that his Social Security benefit became partially taxable...” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsImNlNDgyYWZhOWY1ZSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzA1OSIsIjYzZDA3ODE2NmVmYyIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Investing, wealth, and career advice... APR. 18, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsIjkwNzIxZDZmYTFmYyIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsIjAxYjZiNTM5OTBjMiIsZmFsc2Vd) Staying Rational By Adam M. Grossman IT'S BEEN MORE than six years since Covid first entered our vocabulary. It goes without saying that investors have experienced a lot, and for better or worse, recent market events provide some useful lessons. The first has to do with the nature of the stock market. What drives stock prices? Open a finance textbook, and the answer will be clear: The value of a stock should equal the sum of the company’s future profits. This idea is known as intrinsic value, and it’s the textbook explanation of how stock prices work. But there’s clearly a disconnect, since stock prices bounce around far more than the math suggests they should... Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsIjU0YjE5OGE1MDIyYyIsZmFsc2Vd) [Screen Shot 2022-07-24 at 4.43.45 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsImViM2E3ZWNlMTQ3MyIsZmFsc2Vd) A Bit More Humble By Edmund Marsh I LOVE TO PLAN. My wife, Sharon, often catches me nestled in my chair, gazing out a window at a distant object as my mind wanders even farther afield. My musings become scribbles on a scrap of paper, destined for discussion with Sharon at length over coffee and long walks. Eventually, we hammer out the settled strategies we think will best bring us happiness in adventures ranging from our next hike to the next few decades of life. Of course, I know our intended track, or even the final destination, may change over time. I'm just a little boat on a big sea, blown about by winds and carried along by deep currents that may push me far off my charted course. Still, though it may be somewhat of an illusion, I cling to the comfort of control. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsIjhjY2MzYjBmYjRlOSIsZmFsc2Vd) https://humbledollar.com/articles/ Navigating a Turbulent Career By Richard Connor A RECENT article by Adam Grossman relayed an interesting story of the 2015 merger of Kraft and Heinz. One of the aspects that made this merger unique was the involvement of Warren Buffet. Adam’s story is a cautionary tale for investors – research shows that, more often than not, the hoped-for corporate synergies and growth are elusive. The story provides more evidence for the benefits of indexing to investors. There is, however, another side to this story that is very important to an individual’s personal financial life. In addition to being investors, most of us are, or were, employees of a corporation. What if you are an employee of a company that is acquiring another company, being acquired by another company, or part of a merger? How do you navigate the challenges of this significant career event? Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsIjJmNjRkODAwNTRiZSIsZmFsc2Vd) https://www.amazon.com/My-Money-Journey-financial-freedom/dp/0857199862/ Share Your Wisdom GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsImM5NGJhOTVkMzc1NyIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsIjllMzRlYWU5M2JkMSIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Wealth was having enough food, enough stability, and enough margin to help someone else,” writes [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsImM3YjMzNjAyODMxZSIsZmFsc2Vd). "Everything beyond that felt like a bonus.” - “We need to bite the bullet and tell Americans the truth about Social Security funding and set the tax rate as the actuaries note at 16.22% worker-employer combined,” concludes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsImM1ZjAzNjEyNTYzNyIsZmFsc2Vd). - “We recently had another meeting with my wife’s financial advisor,” notes [Mark Crothers.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsImJiZjE4NDkxMjFiNCIsZmFsc2Vd) “At our previous meeting I’d been fairly open about my opinion that he hadn’t delivered meaningful investment gains compared to my own self-managed Vanguard portfolio, and at considerably higher fees.” - “I will inform my wife this morning that after my death she should not do anything with my traditional IRA until she discusses this issue with our estate attorney,” writes [David Lancaster](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsIjRhNGIwNTUyMmNkOSIsZmFsc2Vd). - "I will squeeze the last molecule of toothpaste from the tube, while never passing up an opportunity for lunch or dinner with friends. How about you?" asks [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsIjZhMDMyOGRiZTVlYSIsZmFsc2Vd). This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsImQ0NDk1MGU5NDQ4YSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNzAxOSIsIjZlZWQwMTdkNWZjOCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Stock tokens, market volatility and more! APR. 11, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImJhYzAxNDBhMWZlNiIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjE4YzE4NmRhMGM1YyIsZmFsc2Vd) Stock Tokens By Adam M. Grossman RECENTLY, The Wall Street Journal ran a story about a new type of investment known as a digital stock token. For now, they aren’t available in the U.S., but they’re coming soon, so it’s worth taking a closer look. What are stock tokens? At the most basic level, they’re a technology designed to make stock market investing quicker and easier than it is today. With tokens, trading won’t be limited to traditional business hours. Instead, investors will be able to trade 24/7. And token trades will settle instantly, allowing investors to deposit or withdraw funds from an investment without the overnight delay imposed by traditional stock exchanges. An additional benefit: Tokens will allow investors to purchase fractional shares. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjUyNGViNzBkNTY0ZCIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImIyZTFkOTc4OWU4NyIsZmFsc2Vd) Resist the Urge to Act By Mark Crothers BEFORE WE GET into it, a brief word. We lost Jonathan last year, and those of us who followed his work felt it more than we perhaps expected. He had a saying that I always liked - that there are really only twenty stories in personal finance, and the financial industry spends most of its time telling them on repeat in slightly different hats. He was right, of course. He usually was. It struck me that a fitting tribute might be to take his core principles and do something with them, not quote him at length, but wrestle with the ideas in our own words, from our own lives. I've chosen "Resist the Urge to Act," and had a go below. If the idea appeals to any readers posting on the forum, I'd love to see others pick a principle, whichever one speaks to you, and write about it in your own voice. No need to be an economist. Just be honest. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImIxMWY1MjFlZTVhOSIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjZiZWZhYWIzYjZiMSIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImRmNDM1NTdhZTE2NCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImJkNzI0NzFmZDdlNyIsZmFsc2Vd). Below are some topics folks are currently talking about: - “We could undoubtedly have entered retirement wealthier,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjllYzU2MmJiYzEzZSIsZmFsc2Vd). “But the gifts you send your future self have to be balanced against the gift of actually living now." - “For Mum, financial freedom was about breaking the shackles of frugality that she grew up with,” shares [Greg Tomamichel](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImM5MjhmZmNmNmNkMCIsZmFsc2Vd). “For my dear wife, Cindy, growing up with a single mother suffering quite complex chronic illness meant that money was always very tight.” - “Write. Comment. Share your experiences. Offer practical wisdom. Help each other avoid mistakes,” notes [Andrew Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjQzY2I5NThhODdlYSIsZmFsc2Vd). “That’s what Jonathan valued most, not perfection, but honesty. Not complexity, but clarity. Not chasing riches, but building a better life.” - “Strictly on a financial basis, do you have any regrets about reproducing? Do you ever look back at what you spent on your kids and wonder what your life would have been like had you made a different decision?” asks [Mike Gaynes](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjBkZjQ4ZTRhOWFiMyIsZmFsc2Vd). - “Some regular readers might remember me documenting both the purchase of a home (in 2018) as well as the sale of that home (in 2022),” says [Kristine Hayes](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjY1M2VlYTQ2ZTJkMiIsZmFsc2Vd). “I recently saw that the house changed hands again. The numbers, however, tell a sobering story..." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsImU1NTY4Mzc1NDg3OCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjk3OCIsIjlmN2IzZWQxNjkwMyIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

M&A deals, tax efficiency, and more! APR. 4, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjgzMzRhMWY3ZTA0ZSIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImIzZDgzMTE4ZTc5MyIsZmFsc2Vd) How Deals Hurt Returns By Adam M. Grossman THERE'S BEEN DRAMA recently in a normally quiet corner of the market. This story got its start back in 2015, when Warren Buffett helped to merge food makers Kraft and Heinz. At first, it looked like a smart idea. Through cost-cutting, the combined company was expected to save more than $1 billion in annual operating expenses. “This is my kind of transaction,” Buffett said at the time, “uniting two world-class organizations and delivering shareholder value. I’m excited by the opportunities for what this new combined organization will achieve.” Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImU4YTJiNzQyZDI1NSIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImM3ZDQwOWE2Mzc3YiIsZmFsc2Vd) Tax Efficiency By Bogdan Sheremeta TAX EFFICIENT FUND placement is an often underrated topic. The goal of the tax efficient fund placement is to minimize taxes within your investments, and select the right account for those investments. But how much does that actually matter? Vanguard’s research finds that a thoughtful asset location strategy can add significantly more value than an equal location strategy. The value added typically ranges from 5 to 30 basis points of after-tax return, depending on circumstances (e.g., income, portfolio size). Investors generally have access to different account types, including: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImRmM2ExNjMwN2ZjNCIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjAxMDUwZDM1Mzc0MCIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjI2N2NmMWQ3ZDU0NyIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjE5NDg3MDg2MDQ0MSIsZmFsc2Vd). Below are some topics folks are currently talking about: - “I have found, especially as I get older, that there is a real benefit to simplifying many aspects of my life,” notes [Doug C](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjU4OTgzMTQ4ODVhYiIsZmFsc2Vd). “For me the reasons include…” - “A cynical investor might think the timing of these airstrikes might have more to do with changing the direction of the news cycle,” says [Michael Flack](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImFiODljOWZjOGNiZiIsZmFsc2Vd). “I instead thought it might be an innocent opportunity to sell some shares” - "Now that some months have passed since Jonathan’s death, I thought I’d pen a special note to the site’s writers/contributors," writes [Elaine M. Clements](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImQ1NjAxMGE4N2JiZCIsZmFsc2Vd). - “Prices are not coming down, inflation is rising, mortgage rates are rising, the stock market is near bear territory. Given all the planning and various strategies that have been discussed on HD, do those retired have any concerns about weathering this storm?” asks [R Quinn.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjQwYjkyZGRjNWQ5ZCIsZmFsc2Vd) - “Gold is a good example of a speculation because it pays no interest,” writes [Philip Stein](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsIjRjZjQ3OGNjNDJiOSIsZmFsc2Vd). “You hope that one day you can sell your gold for a profit but, in the interim, you receive nothing. Gold has value because people say it does.” - “In the current market, it may be necessary to make compromises,” notes forum member [normr60189](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImJkYjhhNWU4NjlmZCIsZmFsc2Vd). “This is particularly so because many young people carry student loans, credit card debt and an automobile loan..” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImM2YTFhYjEzNGM3MSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjkzNSIsImJlMzYxNTE3ODNlOCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Is market going to crash? Some tax tips, and much more! MAR. 28, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjljNmU3NTAzYzBiMCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjM2NDM1OTVhYmRlZCIsZmFsc2Vd) Doubt the Forecast By Adam M. Grossman WHEN PAUL EHRLICH'S obituary appeared a few weeks ago, it came and went without much notice. But during his lifetime, he was enormously influential. By training, Ehrlich was a biologist, but he was most well known for his 1968 book, The Population Bomb. It opened with this dire prediction: “The battle to feed all of humanity is over. In the 1970s and 1980s hundreds of millions of people will starve to death.” Of course, none of Ehrlich’s predictions came close to being true, but that didn’t impact his popularity. He made more than 20 appearances on The Tonight Show—so many, in fact, that he was required to join the Screen Actors Guild. What can we learn from this? I see five key lessons for individual investors: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjM4NmZhMmYwYzBhNCIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjA4NmM0MTg1OWI1NSIsZmFsc2Vd) Treasury Tax Reporting By Bogdan Sheremeta IF YOU HAVE a Money Market Fund (e.g. VUSXX, VMFXX), Treasury fund (e.g. SGOV), or any other Treasury ETF (e.g. VBIL), you need to know how to report it on your taxes correctly. If you don’t, you are overpaying on your state taxes unknowingly. These treasury funds hold U.S. Treasury Bills. Treasuries are exempt from state and local taxes. Of course, this only matters if you hold these funds in a taxable brokerage account, which most people do. The broker sends you a 1099-DIV form, but it’s your responsibility to figure out how to report it on your taxes correctly. By the way, bad tax preparers can miss this sometimes, or if you self-prepere, this may be something you aren't aware of (I hope most of you reading HumbleDollar are familiar with this!) Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjlmYmY2OWZmNDUzYyIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsImQ0NGUxNDcwODhmNyIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjI3MDFlNGE2ODNlNiIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsImRiM2E1MjVjODk1MyIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Given all the planning and various strategies that have been discussed on HD, do those retired have any concerns about weathering this storm?” asks [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsImNlNzdlYjQ0ODM1YSIsZmFsc2Vd). - “It was not a wise thing to do—and it’s not an example I’d want my kids or grandkids to follow,” writes [William Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjlhYmM1ZDQ0NGI2MyIsZmFsc2Vd). “But I’ll tell you a tale anyway. It’s a story of loss and comeback, of fear… and, truthfully, more fear.” - “While many retirees know that waiting until age 70 can maximize their own retirement check, applying that same logic to Spousal Benefits is a costly mistake,” notes [James McGlynn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjI4YWI1ZWE2MzhkYSIsZmFsc2Vd). “If you are eligible for a spousal claim, waiting too long could mean losing three years of benefits for no gain.” - “There seems to be a growing appetite among ordinary investors for private credit funds, and I’m not convinced it’s the right choice for most people,” says [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsImNiNWNmYTlkNWRlMSIsZmFsc2Vd). “If you do go down that route, you need to think deeply about two things: the liquidity situation, and the potential for defaults among the underlying investments.” - “In my reading I have learned that when the markets are down it is advantageous to do conversions as when the price goes down you can convert more shares per dollar,” writes [David Lancaster](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjY0MmJkZDg1ZGZkOSIsZmFsc2Vd). “With the recent downturns I have been taking advantage of this phenomenon.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjc4YjYyNDY2MmY4ZSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg4OCIsIjk5ZWJjMTczNjcyZiIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Is AI a bubble? S&P 500 $3 trillion expansion? MAR. 21, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjk1NzliNGRiMjNjMSIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjZlZWEyNWE2MmIyZiIsZmFsc2Vd) AI, Bubbles, and Markets By Adam M. Grossman IN AN INTERVIEW a little while back, the technology investor Peter Thiel drew an uncomfortable comparison. Today’s frenzy around artificial intelligence, he said, parallels the tech stock bubble of the 1990s. To illustrate his point, Thiel pointed to Amazon. By any measure, it’s been an extraordinary success. But, Thiel points out, it hasn’t been a straight line. At one point early on, Amazon shares lost more than 90% of their value.“My suspicion is that that’s roughly where we are in AI. It’s correct as a technology, but extremely bubbly and crazed…” Thiel explained that he doesn’t doubt the importance of artificial intelligence as a technology. What he’s questioning is how these technologies are being financed... Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImE3ZmExZjkzOGMyZSIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjQ2OTBjZWI4Mzc3MiIsZmFsc2Vd) $3T S&P 500 Gatecrashers By Edmund Marsh HAVE YOU GIVEN any thought to what's about to happen to your S&P 500 tracker? Three enormous IPOs are expected later this year: SpaceX, OpenAI, and Anthropic. Based on their most recent private transactions, SpaceX appears to be valued at around $1.25 trillion, OpenAI at roughly $800 billion, and Anthropic at approximately $380 billion. Combined, we could be looking at close to $3 trillion in private market value that wants to go public. To put that in perspective, the entire S&P 500 is worth roughly $60 trillion. That's not a routine year for markets. That could be a very large event indeed. I suspect the vast majority of people with money sitting in a tracker fund have absolutely no idea it's coming... Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImFlOGM3MjBjNjM1YSIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjk5Zjc2NGFjMTBkMiIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImQ2ODZlYTZjMzY4ZCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImQwMWNiMDQ4YmFiYSIsZmFsc2Vd). Below are some topics folks are currently talking about - “The first line of defense against a portfolio in freefall is, of course, the chill pill (pioneered by Dan Smith). Unfortunately, clinical trials have shown that effectiveness drops by approximately 80% during periods of elevated market volatility, rising to 100% during a full correction,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjMwODA0Y2JmNTYxMSIsZmFsc2Vd). “Researchers described it as ‘a notable flaw in the product.'" - “Large companies need collective representation for salaried employees and managers. Especially when mass layoffs are on the table” notes [Raghu](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsIjAzODZjZDhlYmIxNyIsZmFsc2Vd). “Decisions of this magnitude should not happen behind closed doors with only financial voices in the room.” - “If individuals don’t make changes in their financial behavior and if we don’t do better for those with inadequate means to fend for themselves, there will be adverse economic consequences as society continues to age,” says [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImVlYzc4ODQwOWM3YSIsZmFsc2Vd) - "Do you have any personal experience with Medicaid Asset Protection Trusts (MAPTs)?" asks [Bogdan Sheremeta](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImFmNmIzMjc4NWNmNyIsZmFsc2Vd). This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImYyMjA5NTU2YjE5YiIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjg1NCIsImMyZDZiYWE4ZmE5YiIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Economic trends, frugal fitness and more! MAR. 14, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImI2OGI2NjZkMDhmYSIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjU3ZTZmNTM4MTZhNiIsZmFsc2Vd) Economic Trends By Adam M. Grossman LAST WEEK THE government released its monthly employment figures for February. The results weren’t great. Payrolls declined, and unemployment ticked up. These numbers square with other downbeat data, including a recent uptick in bankruptcy filings. Another worry: Oil prices have been rising, a result of the conflict in the Middle East. That’s a concern because it could lead to a reacceleration of inflation. It could also dampen consumer spending because higher gas prices act like a tax on consumers, leaving them with less to spend elsewhere. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImRjZDUyY2U4OGZjYSIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjMzYjI0ZjZiNTQxOCIsZmFsc2Vd) Frugal Fitness By Edmund Marsh AS A PHYSICAL therapist, I’ve spent a large slice of each work day teaching and encouraging patients as they exercise their way to better health. Along with other elements of treatment, each patient pays for a custom exercise program tailored for their specific problem. These are folks looking for a way past the debilitating effects of injury or disease. Even so, many of them find it hard to follow my plea to “do your exercises”. If they struggle to follow the helpful recommendations of a health professional, what about the rest of us? Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjk0ZDVkYzhlODdkMCIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImEwMGZmODY5NTI0NyIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjJhN2ZkYmMxNGNkYSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjIzNmFmZDI3NzNkMCIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Normally I only rebalance once a year, but my policy statement has a clause to enact a threshold rebalance if the equity portion of my portfolio drops more than 15% — a once and done strategy,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImNiNzgyNWIxZTkzMCIsZmFsc2Vd). Do you rebalance your portfolio? Let us know in the comments! - “What should worry me more—inflation or market declines?” asks [William Housley.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjg3NDU3YTllN2M0MyIsZmFsc2Vd) “Both reduce the value of our savings, but they behave very differently. Inflation tends to work slowly and quietly.” - “New research presented by Kiplinger shows significant variations in typical withdrawal rates,” notes[R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImNjNzNmMjY1MTgyZCIsZmFsc2Vd). “As you may suspect, some of that is based on age, marital status, the existence of a steady income stream and when the RMD kicks in.“ - “I’ve had a long career in Software development, and as a result I understand how fragile software systems can be,” writes [Bruce Roberts](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjg4NWMxODk3MTIxNiIsZmFsc2Vd). “As more of our financial infrastructure comes to rely on software as its underpinnings, the more likely it is that we will experience an outage that will last some period of time.” - “A recent forum post on keeping gold bars as financial crisis insurance got me thinking about alternative stores of value,” says [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjYzNjY5NjdiMzgxNSIsZmFsc2Vd). “I’ll admit there’s an element of tongue-in-cheek to what follows — but I also think it might prove rather more useful than stuffing a gold bar in each pocket and heading out to barter for your Sunday lunch.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsIjUxNmU1YmIyYjM0NCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjgxMiIsImYxYmY1YzRjYzc1MSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Tax smart retirement, home tips, S&P 500 doomed? MAR. 7, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjc3ZjRiODViN2YyNyIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjA4NDlkMGM3MjI3MyIsZmFsc2Vd) Tax Smart Retirement By Adam M. Grossman A POPULAR JOKE about retirement is that it can be hard work. That’s because financial planning is like a jigsaw puzzle, and retirement often means rearranging the pieces. In the past, I’ve discussed two key pieces of that puzzle: how to determine a sustainable portfolio withdrawal rate and how to decide on an effective asset allocation. But there’s one more piece of the puzzle to contend with: taxes. Especially if you’re planning to retire on the earlier side, it’s important to have a tax plan. To get started, I recommend this three-part formula: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjJiNGE1YjQ5M2YwNiIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImVhZjBiNTg4YjY5ZCIsZmFsc2Vd) Home Tax Tips By Bogdan Sheremeta IF YOU OWN a home or are planning to buy one, there are a few things you need to know from the tax standpoint that could save you money: 1. Mortgage Interest If you have a mortgage, you can typically deduct the interest you pay on the loan up to $750,000 ($1,000,000 if taken before December 16, 2017) but only if you itemize your deductions (schedule A). You can also deduct points you paid if you itemize. Many people miss deducting points on their tax returns when they purchase a house, but you have to meet some criteria: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjIzZDA2OWNlMTE0YiIsZmFsc2Vd) [Screen Shot 2022-07-28 at 12.57.12 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImFjNGIzYTIzMmVkZiIsZmFsc2Vd) Sector Fund by Stealth By Mark Crothers I'VE RECENTLY MADE the most significant change to my own portfolio in thirty five years. For the first time I've moved away from pure market-cap investing, tilting meaningfully toward Europe and Southeast Asia and bringing my US technology concentration down to around fifteen percent. I'm retired. I don't need to chase the outperformance that concentration might deliver, and I don't need the potential volatility that comes with it. This is a personal position rather than any kind of recommendation; it's nothing more than a risk management decision made at a point in life where I simply don't need the risk. What prompted it was a growing discomfort with something I suspect many everyday investors haven't fully reckoned with: the S&P 500 is no longer quite the animal it once was. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImYxMjFiZmE0Njk4MCIsZmFsc2Vd) [Screen Shot 2022-08-12 at 6.44.06 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImVhZjBiNTg4YjY5ZCIsZmFsc2Vd) Your Turn to Talk GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImY3YTJiNzM3YjA0YyIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImI1NzdmN2ExYTlhZCIsZmFsc2Vd). Below are some topics folks are currently talking about: - “New research presented by Kiplinger shows significant variations in typical withdrawal rates,” writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjllYjEzZDc3NDAxZCIsZmFsc2Vd). “As you may suspect, some of that is based on age, marital status, the existence of a steady income stream and when the RMD kicks in.“ - “One of the stranger paradoxes in finance is volatility — the degree to which an asset’s price swings up or down over time,” notes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImJhMGVlMGYzZjMxNSIsZmFsc2Vd). “Most investors hear the word and flinch. But once you understand what volatility actually is, and what it makes possible, you might start to see it very differently." - “Sometimes the most helpful words aren’t, 'You should be saving more.' Instead, try: 'Help me understand how you’re doing in preparing for retirement,'" says [William Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImZkNjFiNDI4YzJmNCIsZmFsc2Vd). "That question might open the door." - “Donating to charity used to be simple. Not anymore,” writes [Howard Schwatz](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImVkZjFhOTBiYjljZSIsZmFsc2Vd). “I am reaching out for opinions on the most efficient way to donate in 2026. I have identified several ways to donate but can’t decide on the best approach.” - “It appears that Vanguard on 9/20/2025 changed their lack of an option to transfer a joint taxable brokerage upon the death of the last owner to survive via a Transfer On Death designation,” notes [William Perry](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjMxMjkwMzI5NDFlZSIsZmFsc2Vd). “My understanding is you now may do so via completing an online form, printing, executing the form and mailing the completed form to Vanguard.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsIjMzMWY5OTQzYmE4MCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjc1MCIsImI4NTViNjBkZTE2MiIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Investment risk, HSA, and more... FEB. 28, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjBmNWU1MmM0OWJlOCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjI1MTQxNmZkYmUwMSIsZmFsc2Vd) Managing Investment Risk By Adam M. Grossman BEFORE ITS FAILURE in 2008, Lehman Brothers had been one of the most prominent investment firms in the United States. After 158 years in business, what caused it to collapse so suddenly? In a word: complexity. Lehman had been involved in the securitization of mortgages, a process that resulted in taking something relatively simple, a home mortgage, and turning it into something much more complicated, thus obscuring its true risk level. That was the proximate cause for the firm’s failure. When it comes to making investment choices, risk is unavoidable. No one can know what path the economy, the market or any given investment will follow. But that doesn’t mean investment risk is entirely outside our control. There are, in my view, certain characteristics we can look for in investments that can help tilt the odds in our favor. Here are four to consider: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjUyYzY2NWE2YTljMiIsZmFsc2Vd) [Screen Shot 2020-06-09 at 3.49.53 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImNiMmY5YzY0NTI3ZSIsZmFsc2Vd) HSA Tips By Bogdan Sheremeta HEALTH SAVINGS ACCOUNT (HSA) is the most efficient tax-advantaged investment account because it offers a triple tax advantage: - Contributions are tax-deductible - Earnings grow tax-free - Withdrawals are tax-free if used for medical expenses One of the best uses of an HSA is to actually invest the balance... Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjlkM2NjNjlkMjU1NyIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.16.26 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImQ4M2IzMGVmNWFhMyIsZmFsc2Vd) Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImZmOTNjOWJlOTA0OCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjBhNjA0Zjg1M2JjZCIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Sometimes the most helpful words aren’t ‘You should be saving more’," notes [William Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjRlODhkZGY3MjBhNiIsZmFsc2Vd). “Instead, try: ‘Help me understand how you’re doing in preparing for retirement.'That question might open the door." - “Finally, I’ve gotten around to building a ladder. I have procrastinated doing so because it seemed like a hassle; buy a one year, and a two, and a three, etc. Then after a year, roll the one year to a five, and on and on,” writes [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImFkNTJlY2QxY2NhMSIsZmFsc2Vd). “If I knew how simple Fidelity made it, I would have acted sooner." - “This futuristic Research Report from June 2028 got Wall Street scared a few days ago,” states [Nick Politakis](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImY5OTE5MGQ0MTdmMyIsZmFsc2Vd). “It predicts that AI will cause massive disruption and displacement in the economy which will lead to a terrible market decline.” - “However you dress these research papers up, a simple truth is often lost in the data and jargon,” notes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjZiNjU5N2FmY2Q2MCIsZmFsc2Vd). “They are all just rules of thumb. Useful perhaps as a rough outline, but not a substitute for planning grounded in your own personal circumstances.” - “You have probably seen the ads for senior life insurance protecting loved ones for $9.95 per month with premium guaranteed for life as long as you are not over age age 80,” says [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjk4NmU4NDkwMThmMiIsZmFsc2Vd). “What the ads don’t shout about is the $9.95 is ‘per unit’. Once you learn that, you need to find out what a unit of insurance represents.” This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsImVkODIwZTgyZjg4OCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjcxMyIsIjFjYWZlNzZiMDE1NCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Investing tips, Trump accounts, and more... FEB. 21, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjQwZDFmMDMwN2E4MCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjdjZTM1YzVmNzhjMCIsZmFsc2Vd) Endowment Lessons By Adam M. Grossman LAST YEAR, an unusual story made the news: The University of Chicago was reportedly looking to sell an entity known as the Center for Research in Security Prices (CRSP). CRSP has long been one of the University of Chicago’s crown jewels. So it was a surprise when officials announced it would be putting it on the market, especially since the asking price, at about $400 million, was modest relative to the university’s $11 billion endowment. Why would Chicago feel compelled to sell? Well, UChicago’s finances have been in tough shape in recent years. The story carries useful lessons for individual investors, so it’s worth studying where the university went off track: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImE0YTQwZDY3MTVhOCIsZmFsc2Vd) [Screen Shot 2020-06-09 at 3.49.53 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjU4NTRiMTRkZDBhNSIsZmFsc2Vd) Trump Account By Bogdan Sheremeta TRUMP ACCOUNT WAS created as part of the OBBBA signed on July 4, 2025. I've been getting a lot of messages about it, because there is a lot of conflicting information. The IRS has also posted some instructions for the account. My goal with this post is to walk through the rules and give my take on when (if ever), this account makes sense: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImNlZmFlMzFmODFlMCIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.16.26 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImY0NTk0OGQ4YTkwMCIsZmFsc2Vd) No one wants to see a rollback. But we all know it occasionally happens. Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjgzMmU0NmUxMTM3MyIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjM1N2UxYjgzZjQwYyIsZmFsc2Vd). Below are some topics folks are currently talking about:\ - “A sensible recommendation is to invest 20% to 50% in foreign markets. That seems reasonable on the surface. But, which of the 3 sources of funds is best to invest in foreign markets?” questions [Guindy Sam.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjYzNGU5NDlmMTY3MSIsZmFsc2Vd) - “Starting on May 27, BoA is changing the credit card rewards program,” notes [Bogdan Sheremeta](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjk3Y2Q0Yjk4NjFlNCIsZmFsc2Vd). “To get the 75% cash back boost, you now have to maintain a $1M balance." - “The sensible move is obvious: sell up and reinvest the proceeds into an index fund,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjQ4ZGE0YWFiOWQ1MiIsZmFsc2Vd). “But that’s where FOMO is gumming up the works.” - “My overall allocation between equities, fixed income and alternatives is directionally sound, but the portfolio itself is too complex,” writes [David S](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImVjOTFiMjIyMzVkYiIsZmFsc2Vd). “I own too many illiquid investments that are difficult—if not impossible—to unwind.” - "No one wants to see a rollback. But we all know it occasionally happens," says [William Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImJkMzFhMTE2YzVmMiIsZmFsc2Vd). "But how would you feel about rolling back a few months? A year? Two years?" This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsImI1OTkyMzQ1ZjU4NSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjY2NiIsIjY5NTZmNjg2Y2U2NiIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Sell America? FEB. 14, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImNkYzkyZmMwMDZiZSIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjRjNWNiZGMxYjgyYyIsZmFsc2Vd) Sell America By Adam M. Grossman OVER THE PAST YEAR, a new term has entered the lexicon: “Sell America.” The idea is that investors are losing confidence in the U.S. economy due to persistent deficits and concerns about other policy choices. Owing to these fears, some investors are pulling money out of U.S. stocks and reallocating to international markets. Others are opting for gold and silver. The result: In 2025, for the first time in a long time, international stocks demonstrably outpaced domestic equities, gold rose nearly 70% and silver more than doubled. These trends have continued into 2026. Year-to-date, the S&P 500 is just fractionally positive. Meanwhile, global stocks outside the U.S. have gained 8.5%, with some international markets delivering even stronger returns. An index of Asian markets is up 17%. But should you change your strategy now? Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImFlMTE0MTZlYmNmMCIsZmFsc2Vd) [https://humbledollar.com/money-guide/investing/](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjhhNWVlMDI1OTU2OSIsZmFsc2Vd) Financial Trauma By Mark Crothers SOMETIMES WORLD events beyond your control create a hard reset point in your financial life. A before and after. For me, that point was the 2007 Great Financial Crisis (GFC). The psychological scars still reverberate into my current life. Looking back, I was aware of something rumbling about in the financial landscape but didn't take much notice due to being deeply involved in running my business. Little did I realize the impact heading my way: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImQzMzAzZjc3NTA5ZCIsZmFsc2Vd) [Screenshot 2022-11-25 at 2.50.47 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjNkOTMzOGQ0MjNiMCIsZmFsc2Vd) Speak Up GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjFhNDNlODZjMTk0OSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImFkODRiMjg0ZjcyZCIsZmFsc2Vd). Below are some topics folks are currently talking about: - “Fix the budget if the math genuinely doesn’t add up, if you don’t earn enough for essentials,” writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImIwYTM0ZWRmYmQ0MCIsZmFsc2Vd). “Fix the habits if you’re like Richard: earning enough to live comfortably but somehow broke by the 20th, wondering where it all went.” - “The actual ability to buy a home not only depends on pricing-but income, mortgage interest rates, the percentage of that income available to service mortgage payments, and non-mortgage home ownership expenses,” notes [Langston Holland](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjhmNjAzOGNjNjlmMSIsZmFsc2Vd). - “So probably all of you with big wallets have discovered this years ago, but I just tripped over the NIIT for the very first time,” shares [Heidi](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjQ4MjM4OWI5MzUzNSIsZmFsc2Vd). - “Seems like a simple question until you think about it,” writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImFkMTVlYWExNzcwNiIsZmFsc2Vd). “'Means' as living within ones 'means' may mean something different to different people." - “But I do wonder if people viewed each choice as two choices – what did I accept, and what did I reject – would it change their behaviour?” questions [Greg Tomamichel.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjY2ODI2NTM5OWJkNSIsZmFsc2Vd) This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsIjFlOTlhZGU4OWNjMiIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjYzMSIsImNmYjEzMmJkYWNhOCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Portfolio, investing, retirement & more... FEB. 7, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjFkMDFhNjYwNGJhMiIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsImFkM2VhMjg4NjY1YSIsZmFsc2Vd) Perfect Portfolio By Adam M. Grossman WHAT'S THE BEST way to manage your investments? A new book titled Your Perfect Portfolio helps answer this question. I spoke this week with the author, Cullen Roche: Adam: You start the book with 10 essential principles. One is that beating the market is very hard. Cullen: The numbers are daunting. Over 20 years, 95% of active investors will underperform a simple index. More importantly, beating the market is literally not a good financial goal, because typically when people are chasing returns, they’re really chasing risk. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsImQ0MDg2MDI0OGJlNyIsZmFsc2Vd) [Screen Shot 2022-07-24 at 4.43.45 AM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjMxM2NhYWIxOTgwMSIsZmFsc2Vd) Value of Waiting By Dennis Friedman I WAS THINKING ABOUT Jonathan the other day on my morning walk, which happens more often than you might think. It’s hard not to think about him when you have HumbleDollar coasters in your living room and a HumbleDollar shopping bag in your car that you use for groceries. Ever since I started writing for HumbleDollar in 2017, Jonathan has influenced my retirement. I now own the Vanguard Total World Stock Index Fund (symbol: VT) in my investment portfolio because of his recommendation. He liked it for its “broad global diversification in one low-cost fund that covers virtually all publicly traded companies worldwide.” It struck me as a good way to simplify our holdings. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsImM1NTdlNmY5NWVlNyIsZmFsc2Vd) https://humbledollar.com/articles/ Share Your Wisdom GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjM0ZDVhYjVjN2MyNCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjQ3ZDRlNzNlMjRlNiIsZmFsc2Vd). Below are some topics folks are currently talking about: - "I manage my portfolio with low-cost index funds, while my wife Suzie pays nearly 2% annually to a wealth manager," writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjliNjM5MTkwMDk0NyIsZmFsc2Vd). "Several comments asked for an update on my campaign to win her over to a lower-cost approach that would benefit our combined future wealth." - "I’ve tried to explain the ACA and subsidies to a number of friends to limited success," notes [Suzee](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjViOThjNzY5NjI0NSIsZmFsc2Vd). "Between calculating MAGI, understanding what income “counts,” navigating the exchanges, comparing premiums, plan levels, and deductibles, it’s a lot for anyone to wrap their head around." - "My wife was laid off the other day. After thirty years at one company. For the first time in her working life, forty years, she was told her services were no longer needed," shares [Venicio](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsImU2MmMzYTdhYWY5ZSIsZmFsc2Vd). An anxious moment, but exactly why getting your finances in order is so important. - "What a system we have," writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjAwOGU4YmFlODY2YiIsZmFsc2Vd). "Part D plans are not uniform in the drugs they cover and we are expected to select a plan not knowing what future prescriptions may or may not be covered." https://www.amazon.com/My-Money-Journey-financial-freedom/dp/0857199862/ This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjFmZThhMmJiOGU4ZCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU4OCIsIjNhYTdiZGUxZTY5YSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

JAN. 31, 2025 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsImE3NjQ0NDhiMzUwYiIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsImYwNDM5ODY5MWZhNCIsZmFsc2Vd) Misleading Indicator By Adam M. Grossman LISTEN TO THE financial news, and you’ll often hear reference to “the VIX.” But what exactly is the VIX, and how important is it? The VIX index is intended to be a measure of investor sentiment. For that reason, it’s often referred to as the market’s “fear gauge.” How can investor sentiment be measured? While the math is complex, it’s based on a straightforward principle: When investors get nervous, they look for ways to protect their portfolios and are sometimes even willing to pay for that protection. This was the insight that led to the initial development of the VIX back in 1989. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsImFiOTY2ZWU2ZWRhZCIsZmFsc2Vd) https://humbledollar.com/money-guide/great-debates/ Investments Tax By Bogdan Sheremeta MANY PEOPLE don't know, but there is a net investment income tax of 3.8% that applies to some of your income. I want to discuss what it is, how we can reduce its impact, and how we can save some money on taxes: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsImE4ZjZkOWU5ZDA5MSIsZmFsc2Vd) https://boglecenter.net/gettinggoing/ Say What? GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjliYzg1ZmVmOTM3YyIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjM4MzJlMzA0ZTY4OCIsZmFsc2Vd). Below are some topics folks are currently talking about: - "I can’t help but wonder: if a ten-year-old is asking about gold, is this the time when the rest of us should be more cautious?" asks [Mark Crothers.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjhkNjRiNTgxN2E3ZCIsZmFsc2Vd) - "I love a New Year. It’s a great time to evaluate your current situation and make changes as necessary." writes forum member [Hitekfran](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjU1MGVjMjUxNTJkYiIsZmFsc2Vd). - "I’ve told all my kids and anyone else who’ll listen to setup a HELOC on their home 'just in case'," says [B Peterson.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjRjNTFmNzMzY2Y3NCIsZmFsc2Vd) Do you have one? - "I thought that I might put my rudimentary knowledge of AI to use in planning the trip," notes [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjk5ZDFmY2UzNzgxYSIsZmFsc2Vd). Have you used AI to plan a trip? This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjIxYjM0YTEwZjkwOCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjU0NyIsIjY1NDNhZjdiNDM1MSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Money tips, tax tips, and more! JAN. 24, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsImVlMTk3M2U5MjlhNiIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjY1ZmYxNWYyZDdmOSIsZmFsc2Vd) Financial Happiness By Adam M. Grossman ACCORDING TO THE World Happiness Report, Finland ranks as the happiest nation in the world, a title it’s held for eight years in a row. Each time this report is updated, it makes the news for a day or two but then fades. That’s for good reason, I think. As much as Finland might be a nice place, it isn’t necessarily practical to suggest that anyone pick up and move. The good news, though, is that there are many other, more practical ways to boost financial happiness. Here are five that I’ve observed over the years: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjcwZTJhMmUyZjUyZCIsZmFsc2Vd) https://humbledollar.com/money-guide/portfolio-builder/ Tax Tips for W-2 Employees By Bogdan Sheremeta I GET A LOT OF questions from W-2 employees asking, “How can I save money on taxes?” Many people know that business owners have a lot of flexibility to lower their tax bill, but what about W-2 workers? I’ll skip some of the more “obvious” strategies, like: - 401(k) - Backdoor Roth - HSA/FSA Here are some other ones you might want to think about: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjFjYjM0NjEwNjVjOCIsZmFsc2Vd) [Screenshot 2022-11-26 at 5.11.02 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjk2ZTQ3MTBmOThkYSIsZmFsc2Vd) Your Two Cents GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjhkNjAzOGQyZmY2NSIsZmFsc2Vd) and check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjNmMjU0ODJkODM0NyIsZmFsc2Vd). Below are some topics folks are currently talking about: - "Young professionals are told that 'responsible' people avoid debt," writes [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjU0MzlhMzhlOWQ2YSIsZmFsc2Vd). "Yet, the credit scoring system, the gatekeeper of the home owning dream, is essentially a 'debt-management score,' not a 'financial responsibility score'." - "I’ve always viewed Social Security and Medicare deductions as pure taxes I’d never see again," notes[Langston Holland.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsImJjYjI5YmUxMmZiMyIsZmFsc2Vd) "It appears I was wrong." - "Social Security is headed toward depleting the retirement benefit trust, but as long has there is incoming tax revenue, reduced benefits will be paid," states [R Quinn.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsImE4OGFlYTQyMDk5YiIsZmFsc2Vd) - "Many of us have decades of practice saving, budgeting, and optimizing," remarks [Jeff Peck](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjRmMjIzN2JjY2M3OSIsZmFsc2Vd). "But retirement requires a different skill: spending confidently, not impulsively, but without unnecessary guilt when the plan supports it." - "Since May 2024 I’ve 'spent' approximately $8,000 on a strange concept called 'peace of mind'", recalls [Mark Crothers](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsImExZTJhOWEzNjBmZCIsZmFsc2Vd). "I think it’s been an absolutely excellent 20 month trade and well worth the cost, but a lot of people would take issue with my thoughts." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsImU4YTUyYTU0MTMwZCIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjUwMyIsIjU1YThmMzMxNGZjNCIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Global markets, early retirement, and more... JAN. 17, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsImEwYjYyZDdiZGQzMyIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsImMxYTYxYmQ2NTE5ZSIsZmFsc2Vd) China Market Risk By Adam M. Grossman IN THE EARLY 1950S, journalist Walter Winchell popularized the term “frienemies” when he used it to describe the fraying relationship between the United States and the Soviet Union. Today, we’re seeing a similar dynamic in our relationship with China. This makes it an important topic for investors. Not long ago, the relationship between the U.S. and China was strong and mutually beneficial. Over the past 25 years, trade between the two countries has multiplied. At the same time, though, tensions have been growing. American companies operating in China have been complaining for years about intellectual property theft. So, should investors avoid allocating capital to China altogether? In this article, Adam walks through some options: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjdjN2VlYjJjMjJmYSIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.11.49 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjcwNmI1NTRmZDY5NSIsZmFsc2Vd) Early Retirement By Bogdan Sheremeta MY COWORKER RECENTLY retired. He is 50 years old and has been with the company for over 25 years. The company offers a decent 401(k) match (100% match on 6% of your salary) along with other great benefits. In his case, how can he generate income? How can you retire early if most of your assets are in retirement plans? While tax-advantaged accounts have restrictions on withdrawals, but there are a few strategies that many people don't know of: In this article, Bogdan walks through some examples and strategies on early retirement: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjc1MjhhZjQwMjc4YyIsZmFsc2Vd) https://humbledollar.com/money-guide/humans/ Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjcyMGFlNWRmMWIwZiIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjMwNmIwYjlkOGQ2YiIsZmFsc2Vd). Below are some topics folks are currently talking about: - "Schwab or Vanguard?" asks [Rachna Condos](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjRmMWNiN2MyODM2NyIsZmFsc2Vd). Any personal experiences to share? - "That’s rather the point of index investing, isn’t it? You don’t think about it. You own everything, which means you own nothing in particular," shares [Mark Crothers.](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsImNjNzM2MGM4ZGQxZSIsZmFsc2Vd) - "What if a “Lost Decade” occurs? Financial writers have addressed this and I think those nearing or in retirement should consider such a scenario when making financial plans," notes forum member [Normr60189](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsImU3MTRhNjFjNTM0MSIsZmFsc2Vd). - "Instead of wrestling with a withdrawal rate, why not base retirement income planning on the RMD table?" writes [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjdjOTNkYTJjNTgwZCIsZmFsc2Vd). What do you think of that? This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsImU4ZTEzZjQ4OGUwMiIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjQ0MyIsIjEyMjg3Zjc4Yzg5OSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Should you buy gold? Tips on asset protections, and much more! JAN. 10, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjNjMWRiNjkzNzZiNCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsImMxMzQ3OTRhNmNlNyIsZmFsc2Vd) Gold Isn't Special By Adam M. Grossman WHAT WAS THE road to outstanding investment performance in 2025? For the first time in a long time, it wasn’t Apple, Amazon or Nvidia. It was gold. Delivering its best performance in 45 years, gold rose nearly 65%. Despite these impressive gains, however, I still don’t see gold as a great investment. Why not? The most fundamental problem, in my view, is that gold lacks intrinsic value. But it's just one of the reasons... Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsImM3ZjAwNDdjM2NlNyIsZmFsc2Vd) [Screen Shot 2021-02-11 at 2.11.49 PM](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsImE4ZmU0ZTdiMTNkOSIsZmFsc2Vd) Asset Protection Ideas By Bogdan Sheremeta MANY PEOPLE FOCUS on building wealth through asset allocation and investment choices. Far fewer think about asset protection. In my opinion, protecting wealth is just as important as building it, especially since decades of disciplined saving and investing can be undone in one unfortunate event. In this article, I wanted to discuss some of the strategies and tips that I've learned, and implemented in my personal finance journey: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjkyN2Q2MTk4M2I3MCIsZmFsc2Vd) https://humbledollar.com/money-guide/humans/ Add Your Voice GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsImQ0MzUwMWRkNmQ2OCIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjI0YTdjZTM4MWNiMCIsZmFsc2Vd). Below are some topics folks are currently talking about: - "When it comes to investing, boring is good, and few, if any, HumbleDollar readers would buy into the promises that many investments expound," writes [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjY1OThhZmI0MTZjOCIsZmFsc2Vd). - "Don’t be fooled into that “lost decade” stuff—if you stayed invested, you maintained real wealth," says [Langston Holland](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjZmNDhhNzM2YzNiYSIsZmFsc2Vd). "The stock market remains the real investor’s best friend." - "I recently read the HumbleDollar guidance suggesting retirees consolidate old 401(k) accounts for simplicity. My husband and I are both retired (age 62) and are wondering whether that advice still holds when the existing plans are high quality," says [Maggie Wall](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjJlMmJiMGY0YjA1MCIsZmFsc2Vd). Any wisdom to share? - "What could have been a financial panic situation in 2022 was not," notes forum member [Normr60189](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjQzYmEzYjU2MTMwMSIsZmFsc2Vd). "We focused on what really mattered, a long and arduous treatment, and our well-being." - "My preference would be to disable the upvote/downvote feature entirely [on HumbleDollar site]," says [DrLefty](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjIwMDViYTNlZmU2YyIsZmFsc2Vd). Should we make this update? Please share your thoughts and concerns. This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsImM3ZjBkMGJjMTE1OSIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNjM0MCIsIjFkNjJlYzA3MGFiOSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

Financial plan, capital gains planning, and more... JAN. 3, 2026 [Open email in your web browser](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsImRmMDY4YjgzMGUyZCIsZmFsc2Vd). [Coffee-Header](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjlhZWIxNzhhN2Q0NiIsZmFsc2Vd) 2026 Financial Plan By Adam M. Grossman LOOKING TO UPDATE your financial plan for 2026? Below are ten strategies you might consider: - Gaining control January is a good time to audit your investments. I’d start with this very basic step: If you have accounts at multiple brokerage firms, see if you can consolidate them. This won’t necessarily lead to better investment results, but if you have fewer accounts, it’ll be easier to monitor and to manage them. This might not seem like an important exercise, but in my experience, investors often find long-forgotten investments, overpriced funds or unintended cash balances when they conduct an investment clean-up like this. Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjlkZWI3MWMyZTE1MCIsZmFsc2Vd) https://humbledollar.com/money-guide/big-ideas/ Capital Gains Planning By Bogdan Sheremeta THE IRS RECENTLY announced inflation adjustments for the 2026 tax year. The standard deduction rises to $16,100 for single filers and $32,200 for married couples filing jointly. Long-term capital gains are taxed at 0% for single taxpayers with taxable income up to $49,450 ($98,900 for married couples). This creates opportunities to manage taxable income, especially in low-income years or early retirement scenarios. For example, selling investments during a year with little other income could result in little to no federal tax owed. In this post, Bogdan breaks down how these changes work and strategies to take advantage of them: Continue reading on [HumbleDollar.com](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsImYxMWY1OTQ2MTg0MyIsZmFsc2Vd) https://www.amazon.com/Best-Jonathan-Clements-Timeless-Financial/dp/0988780348/ Have Your Say GOT A QUESTION TO ask, a money story to tell or financial wisdom to share? Head to HumbleDollar's [Forum](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjQyYTUwMGY4N2UzOSIsZmFsc2Vd). There, be sure to check out the latest discussions among your fellow readers. Not sure how to comment? [Click here](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjNhOTc1YWViZjkwZiIsZmFsc2Vd). Below are some topics folks are currently talking about: - "Does a budget make sure of anything, tell you anything or prevent anything? Nope" says [R Quinn](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsImQzMzU1NjI3MjgyNiIsZmFsc2Vd). - "AI is replacing workers. Workers, and their employers, pay a total of 12.4% into Social Security, and 2.9% into Medicare," writes [Dan Smith](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjU0ZGI5OTU2M2M4YSIsZmFsc2Vd). "Fewer workers means less income." - "A lot of us can’t assume family is nearby when real life hits—surgery, illness, a spouse needing care, a sudden fall, a car in the shop, you name it. If family isn't local, how do you plan for the "support gap" that distance creates?" asks [Jeff Peck](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsImE0YzNhODM4M2Y5MCIsZmFsc2Vd). - "The goal isn’t numbers—it’s purchasing power—yet gains are usually measured with a nominal ruler," notes [Langston Holland](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjE3OTNiOGUwMzE1YSIsZmFsc2Vd). Becoming a millionaire isn’t the flex it used to be, and realizing this is foundational to financial wisdom." - "The index doesn’t chase leadership or flee weakness," says [William Housley](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsImVmNThjZjA5NmQ2YyIsZmFsc2Vd). "It simply holds everything and lets time do the work." This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its authors. It is distributed with the understanding that the authors aren't engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the authors have endeavored to ensure that this newsletter is timely and accurate, the authors make no representations or warranties with respect to the accuracy or completeness of the contents. The authors specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter. [Unsubscribe](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjYyYjBhMmY3MzdhMyIsZmFsc2Vd) | [Manage subscription](https://humbledollar.com?mailpoet_router&endpoint=track&action=click&data=WyI1NDc0MiIsImE0MjdlMzI3ZjkzYWNmNmYwY2VmOTY4NDkzYzdmMzg3IiwiNTg5NSIsIjExMDM5Njg2YjUzMSIsZmFsc2Vd) Jonathan Clements LLC 614 S. 26th Street Philadelphia, Pa. 19146

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