Author: Smart Wealthhabits

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…

Visitors to Grand Teton National Park on July 7 may have been exposed to measles. Wyoming Parks issued a news release Friday revealing potential exposure locations and times of day: -July 7: Coulter Bay Convenience Store, 9 a.m. to 11 a.m. -July 7: Coulter Bay Cabin Office, 3pm to midnight. The park also listed potential exposure sites outside the park in Teton County: -July 5: Smith Food and Drug, 11:30 a.m. to 1:30 p.m. -July 5: Wendy’s, 12:15 pm to 2:15 pm The news release reads in part: “Individuals who were at the listed locations during the identified times should…

Building wealth is often a lifelong journey. Preserving that wealth and ensuring it continues to support future generations requires an equally thoughtful strategy. As Indian households accumulate wealth across real estate, businesses, retirement savings, market-linked investments and other long-term investment avenues, the focus of financial planning is gradually shifting from wealth creation to wealth sustainability.According to industry estimates, approximately $1.3 trillion of wealth is expected to change hands in India over the next decade, making succession planning and wealth transfer important considerations for affluent families, business owners and pre-retirees.For many families, it takes years to build a retirement fund, diversify…

The Toyota Grand Highlander is one of the Japanese manufacturer’s best-selling SUVs, and it comes in gas-powered and hybrid formats. I drove the hybrid version of the 2026 Grand Highlander Limited for a week to see if it was worthy of its ranking as a finalist on Cars.com’s Best Family Car list of 2026 and inclusion in the Kelley Blue Book 2026 Best Resale Value awards. The Grand Highlander Limited I tested is the second-highest trim model of the popular three-row SUV, and it’s priced at just over $53,000. Less souped-up hybrid trims start at a little more than $45,000,…

Retirement planning often seems like a search for answers, when in reality it is a process of managing tradeoffs.gettymost people think retirement plan It’s about finding the right answer.What is the right amount to save? What is the right investment mix? What is the right age to retire?The longer I work with clients, the more I have come to believe that the purpose of retirement planning is not to achieve perfection. answer And much more about managing tradeoffs.Everyone financial Decisions involve giving up one thing to gain another. The challenge is not to eliminate those tradeoffs. It’s about understanding them…

Food labels can be confusing, including words like “sell by”, “best before” and “use by”. There are limited federal requirements that product expiration dates must be labeled for safety. Manufacturers choose their own phrases to describe expected product quality rather than safety. California is the first in the nation to ban consumer-facing “sell by” dates, with the law taking effect July 1, which will be replaced with a code for retailers only. The two exceptions are infant formula and eggs – these will continue to be labeled “Sell”. The National Farm Law Center states that labels will now be limited…

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…

PredragImages/Getty Images 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 yearshelp you get rich trusted by millions of readers If you’re over 50 and you’re still in debt, overspending or relying on Social Security to carry the heavy burden in retirement, Dave Ramsey has a message for you — and it’s not soft.…

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…

©Mark Humphrey/AP/Shutterstock 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 yearshelp you get rich trusted by millions of readers In 2026, with rising costs and economic uncertainty, it is more important than ever to get a handle on your money mindset. Dave Ramsey’s philosophy, “Money isn’t just math; it’s behavior,” highlights why financial…