Columnist | Your Money

Ross Levin is founding principal and president of Accredited Investors Inc., Edina, a fee-only wealth management firm. His Gains and Losses column runs on the fourth Sunday of the month. A compilation of these columns can be found in his book, "Spend Your Life Wisely." Send emails to Ross@accredited.com


How much should you give to charity?

There are basically five overlapping reasons why we give.


Levin: We all want certainty in our personal finances, but there is science involved

The precision of math can deceive investors, when there are too many influences on the outcome of investments.


Levin: When that infrastructure bill passes, the tax consequences will follow

For some businesses, it's best to defer some tax payments until the dust settles.


Levin: What to do when you want to change your life but can't quite see the picture

A recent book about the pandemic holds lessons for approaching your finances and planning.


Levin: People underestimate the costs of owning a home vs. renting one

The comparisons often exclude opportunity costs and the time spent on upkeep.


Levin: Don't expect a savior like Lassie to rescue your retirement finances

Only you can save yourself from an investor's worst tendencies: fear and greed.


Levin: Excited by rising house values? Some of your other assets may be more important

Not all assets and liabilities are equal. Here's a way to evaluate them beyond their numeric value.


Levin: Ask questions in a different way to zero in on financial motivations (and others)

To understand yourself, sometimes you might need to make an Opposite Day.


Look for the lessons in life's financial losses

We visited our daughter and her husband the night they closed on their new home. As we were bringing things in, we heard loud crackling.…


Crowded closets? Time to take a hard look at how they got that way

The lesson: Spend your life wisely.