Author: Smart Wealthhabits

WASHINGTON – President Donald Trump said he will not sign a landmark affordable housing bill in protest of Congress not taking action to overturn the election, putting the legislation on track to become law by the end of Friday, July 10, without his signature unless he unexpectedly uses his veto pen at the last minute. In a July 10 Truth Social post, Trump said he would not sign the bill because Congress has not passed the Save America Act. He supports a stalled bill that would require photo identification and proof of citizenship to vote in federal elections and ban…

Monish Verma is its founding partner and CEO Vardhana Wealth ManagementA wealth advisory firm in Michigan.Many investors view Roth conversions as a tax-saving strategy, paying taxes today to avoid larger tax liabilities later. However, for high-net-worth (HNW) families, they can serve a broader purpose.A Roth IRA can create a tax-free pool of capital that can serve as a tax-free retirement income source or benefit future generations.I’ve seen many investors with large, qualified accounts who let those assets grow until retirement, withdrawing the funds only when the required minimum distribution (RMD) period begins. But challenges can arise when this happens, including…

Oho! We know kids don’t want to hear “back to school” discussion, but sales tax holidays in some states can help parents and caregivers save money on school supplies. Some states extend this even further and offer tax-free shopping on a variety of items, where shoppers of all ages can save. Saving money is especially important this year as buyers consistently say they are stressed about finances and rising costs. In July and August, 18 states have specific sales-tax holidays when certain purchases made for school are tax-free. The first state is Mississippi, from July 10 to July 12, and…

CAGR3Y5 year7y10ysince inception11.00% top artistThe scheme has consistently given the best returns in its sector – financial services category.Return cost efficientThis scheme comes with the most Total Expenditure Ratio (TER) Compared to others in the sector-financial services category.OmThe scheme has the highest assets under management (₹10,642.95 crore) among its peers in its sector – Financial Services category.volatility srChallenges were faced in delivering risk-adjusted returns for each unit of risk taken in the last 3 years.volatility sdThe scheme has maintained a relatively low level of volatility within its sector-financial services category over the last 3 years.

A Georgia woman is facing up to 75 years in prison in connection with her alleged role in an organized fraud scheme that stole hundreds of thousands of dollars from a retailer, Florida prosecutors and court documents outline. Santina Hill, 51, of Decatur, Georgia, also known as Santina Green, pleaded guilty on June 24 to racketeering, conspiracy to commit fraud and conspiracy to defraud TJX Companies Inc. stores, including TJ Maxx, Marshalls and HomeGoods in Florida, of more than $50,000 and through repeated fraudulent refunds totaling up to $300,000, according to court documents obtained by the United States. Filed no…

In Malaysia’s wealth structuring landscape, the difference between having a structure in place and having a structure that actually works is greater than many families realize. Trusts, foundations and holding companies are readily available, but without real governance, clear purposes and mechanisms that track how families relate to each other, these arrangements risk becoming hollow tools that fail precisely when they are needed most. At the recent Malaysia Wealth Management Forum 2026 organized by Hubbis in Kuala Lumpur, a panel chaired by Ruben van Dijk, Director of Melbourne Capital Group, examined how wealth structures should evolve for Malaysian households meeting…

Friday, July 10 is the last day for millions of American taxpayers to apply for potential COVID-related IRS refunds. Taxpayers who do not file with the IRS to protect a potential refund or exemption may lose their chance forever. The potential tax refunds stem from a federal judge’s ruling in Kwong v. United States late last year, which suggested that federal tax filing and payment deadlines were automatically suspended during the federally declared COVID-19 disaster period from January 20, 2020, to May 11, 2023. The government is appealing the decision, but if the decision is upheld, millions of taxpayers who…

Monish Verma is its founding partner and CEO Vardhana Wealth ManagementA wealth advisory firm in Michigan.Many investors view Roth conversions as a tax-saving strategy, paying taxes today to avoid larger tax liabilities later. However, for high-net-worth (HNW) families, they can serve a broader purpose.A Roth IRA can create a tax-free pool of capital that can serve as a tax-free retirement income source or benefit future generations.I’ve seen many investors with large, qualified accounts who let those assets grow until retirement, withdrawing the funds only when the required minimum distribution (RMD) period begins. But challenges can arise when this happens, including…

Officials say more than 20 people are now hospitalized due to an outbreak of Legionnaires’ disease on the Upper East Side. The cluster, which is being investigated by the NYC Health Department, is growing daily in the area. Here’s what to know as of Friday, July 10. Upper East Side Legionnaires’ disease cluster The city health department is still investigating a community cluster in two neighborhoods on the Upper East Side, Carnegie Hill and Yorkville. The affected ZIP codes are: 10028, 10128, and 10075. Officials stressed that residents can still carry out everyday activities with their own water supply, such…

Monish Verma is its founding partner and CEO Vardhana Wealth ManagementA wealth advisory firm in Michigan.Many investors view Roth conversions as a tax-saving strategy, paying taxes today to avoid larger tax liabilities later. However, for high-net-worth (HNW) families, they can serve a broader purpose.A Roth IRA can create a tax-free pool of capital that can serve as a tax-free retirement income source or benefit future generations.I’ve seen many investors with large, qualified accounts who let those assets grow until retirement, withdrawing the funds only when the required minimum distribution (RMD) period begins. But challenges can arise when this happens, including…