Author: Smart Wealthhabits

US President Donald Trump arrives with incoming Federal Reserve Chairman Kevin Warsh for Warsh’s swearing-in ceremony at the White House in Washington, DC, US, on May 22, 2026. Jonathan Ernst | reutersA strange incident may happen in the coming days. Federal Reserve Chairman Kevin Wersh could do exactly what his predecessor Jerome Powell did about interest rates — only to get a completely different response from President Donald Trump.Trump’s unexpected comments on Wednesday on the latest inflation data could give Warsh some wiggle room on interest rates.”I like inflation,” he said in the Oval Office, hours after the Bureau of…

Precious metals can be an important hedge against risk in your portfolio, but they don’t come without a cost. Many investors believe that gold and silver are taxed the same way as stocks and bonds, but the IRS classifies these assets differently. When it comes to selling metals, this can have a serious impact on how much profit you take home. In fact, because the IRS classifies most precious metals as collectibles, any profits you make on these items may be taxed at up to 28%. Here’s how much you can expect to pay based on your income level, how…

President Donald Trump speaks during a Cabinet meeting in the Cabinet Room of the White House on May 27, 2026 in Washington.Ivan Vucchi | reutersPresident Donald Trump said this week that a comprehensive peace deal with Iran could soon be signed, one of dozens of similar claims he has made in nearly three months.The latest example may not resonate with the average listener — after all, no deal has emerged after dozens of Trump’s claims so far. But despite the lack of follow-through, the market continues to react to the president’s repeated promises.Trump has hinted or explicitly said more than…

Agriculture Secretary Brooke Rollins told CNBC on Monday that the New World screwworm is a “small insect.” In the past, she has called the parasite “terrible.”The discrepancy in messaging before and after the flesh-eating insect was detected in the U.S. highlights how Rollins is managing the screwworm threat now that it’s well within range. And it shows how the administration is rushing to ease fears that the parasite could send beef prices higher amid rising inflation. Since screwworm was detected in Texas last week, Rollins has hit the airwaves to reassure the American public that the U.S. Department of Agriculture…

GloImages/Getty Images/GloImages RF Commitment to our readers The GOBankingRates editorial team is committed to providing you with unbiased reviews and information. We use data-driven methods to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our review methodology for products and services. 20 yearsHelping you become richer trusted by millions of readers You’ve probably heard that 2032 could be a big year for Social Security. According to a nonpartisan report Congressional Budget OfficeThe vital trust fund that helps finance Social Security benefits is on track…

President Donald Trump said Wednesday, “I love inflation” when asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, the highest level in three years.Speaking to reporters in the Oval Office, Trump also predicted that inflation is “going to come down like a rock” after the United States’ war against Iran ends. The president linked that prediction to a confusing statement about the U.S. “taking” the oil and ships.When a reporter asked him about it, Trump said, “No, I like it, the numbers were great.” CPI The number issued by in…

Donald Trump Jr., left, and Eric Trump at the Nasdaq Markets before ringing the opening bell to celebrate the closing of the adoption of Alt5 Sigma’s cryptocurrency deal with World Liberty Financial in New York on August 13, 2025.Eduardo Munoz | reutersAI Financial CorporationThe publicly traded company, which suffered huge losses after betting $1 billion on a cryptocurrency backed by the Trump family, said on Wednesday that its outlook has improved. Its shares have fallen 92% since the market opened on Wednesday, hitting 65 cents a share.CNBC reported that the Trump family made about $500 million in that transaction. A…

President Donald Trump on Wednesday doubled down on his choice of Bill Pulte as acting director of national intelligence, despite bipartisan opposition over the selection that could result in a crackdown on a foreign surveillance program this week with major national security implications.Earlier this month, Trump tapped Pulte, who leads the Federal Housing Finance Agency, and has used his position to launch a series of investigations into several of the president’s political opponents over allegations of mortgage-related wrongdoing.The move drew sharp criticism from both sides of the aisle and calls for Trump to drop his choice of Pulte or quickly…

Open this photo in Gallery:Cynthia Tanner’s husband was diagnosed with a neurodegenerative disease after he began behaving out of character, such as signing up for subscriptions he didn’t need or forgetting passwords.Chad Hipolito/The Globe and MailThe first red flag for Cynthia Tanner, 74, was when she noticed her husband repeatedly forgetting the password to his investment account. Every time, he would call the bank to reset his password, but would forget it again after a few days. He became convinced that his wealth management team was tampering with his account because there were trades he did not remember making.The conduct…

©Dave Ramsey Commitment to our readers The GOBankingRates editorial team is committed to providing you with unbiased reviews and information. We use data-driven methods to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our review methodology for products and services. 20 yearsHelping you become richer trusted by millions of readers Most people know that the American healthcare system can be confusing, but Medicare can be especially difficult to navigate. This is especially true for retirees and those who will be retiring soon. From gaps…