Warren Buffett’s top advice for a successful life

Warren Buffett will no longer write the letters that accompany his firm, Berkshire Hathaway’s annual reports, nor will he field questions at the company’s annual shareholder meeting, he wrote in a letter published on Monday. “As the British would say, I’m ‘going quiet,’” he wrote. “Sort of.” Even after Greg Abel takes the reins as…

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More Americans are tapping their 401(k)s for cash—it should be a ‘last resort,’ says CFP

When faced with a financial emergency, Americans are increasingly tapping their retirement accounts to come up with the cash. Last year, some 4.8% of plan participants took hardship withdrawals from 401(k) plans, according to Vanguard, up from 3.6% in 2023. As Vanguard researchers note, the prevalence of automatic enrollment means that more workers than ever…

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