Wednesday Reading List

Why It’s A Good Time to Travel to Italy

The euro and the U.S. dollar are as close to parity as they have been in 20 years. For Americans traveling to Europe, their money is going further these days.

Target-Date Funds’ Glide Paths Don’t Always Match Plan Participant Needs

Workers are often subject to the same glide path despite differences in salary and expected retirement age.

“a mild recession”

On why the terminology might shift from soft landing to mild recession and what to do about it.

China’s Yo-Yo Economy

Although an economic rebound in China is underway according to government and private sector data, its economy and stock market may remain volatile.

Most small business owners don’t do the math on their most valuable asset

Most small business owners don’t do the math on their most valuable asset. A recent survey of small business owners found few who knew their business valuation. Understanding a company’s dollar value is important to access capital, conduct a sale, as well as for estate and tax planning.

Homebuyers are canceling deals at the highest rate since the start of the pandemic

Americans are canceling deals to buy homes at the highest rate since the start of the Covid pandemic. The share of sale agreements on existing homes canceled in June was just under 15% of all homes that went under contract, according to a new report from Redfin.

IRS Gives Wealthy Families More Time to Shelter Assets from Estate Tax

A surviving spouse will now have up to five years to claim larger estate-tax exemption

Why optimists live longer than the rest of us

A number of studies have shown that optimists enjoy higher levels of well-being, better sleep, lower stress and even better cardiovascular health and immune function. And now, a study links being an optimist to a longer life.

See also: Optimists Get Rich, Cynics Get Airtime

Hard Seltzer Has Gone Flat

Hard seltzer might be flatlining for obvious reasons. Crowds have returned to bars and restaurants, where the drink isn’t very popular.

Book Recommendation

The Metaverse: And How it Will Revolutionize Everything

From the leading theorist of the Metaverse comes the definitive account of the next internet: what the Metaverse is, what it will take to build it, and what it means for all of us.