Inheritance and estate taxes seem like the same thing, and many people make that mistake, often interchanging the terms in conversation. However, each term refers to a specific concept and practice despite the similar subject matter.Estate taxes are of no concern to heirs because they are paid by the estate. The tax is typically a […]
On November 5th, 2021, Congress officially passed the Biden Administrations Infrastructure Investment and Jobs Act. It was formally signed into law on November 15th.While it was a significant legislative accomplishment for the White House, many Americans wonder what the plan means for their wallet and future. Depending on how you look at the infrastructure strategy, […]
With rising inflation rates, it is natural for Americans to worry about the value of their dollar. Over the past several months, the average consumer’s paycheck does not meet the same budgetary expectations as before, with many citizens complaining about rising grocery costs and other essentials.As inflation continues to rise, investors are trying to find […]
According to financial experts, no more than 36% of an individual’s monthly gross income should go towards debt obligations; however, even that can be a stretch for some people. Still, it is good to have a boundary, a marker for when things might be spinning out of control. Some experts refer to terms like manageable debt […]
There is a surprising number of articles, blog posts, and videos advising young people to stop drinking fancy coffee drinks and consuming avocado toast: the reason: financial ruin. That’s right; people are making the claim that partaking in a beverage or a snack can ruin a person financially, which is not entirely true. Obviously, most of […]
Black Friday is one of the busiest and most lucrative shopping days for businesses and consumers but is that still going to be the case this year, 2021? While many people wait for Black Friday to do most of their holiday shopping, they will need to reassess their goals and consider the continuing struggle of […]
People look to retirement accounts for survival in their old age. Tapping into retirement savings or options too early can lead to significant problems in the future, but it can also cost you hundreds of thousands of dollars in potential gains. While prepping for retirement can prevent future years of stress, sometimes life happens, and you […]
Groceries, clothing, cars, and countless other essential and luxury items have increased in price over the past few months, putting a significant strain on the average American household. Aside from the increasing cost of living, Americans have experienced lower interest rates on savings, meaning families are being clobbered financially, which is jarring — to say […]
People typically make financial decisions based on taxes, either lowering or avoiding them. While some financial choices are inconsequential when weighed against tax incentives, retirement investing is not. When and how you pay taxes on retirement savings depends on the type of account you have and when or how you choose to withdraw or invest […]
Buying and selling individual stocks and investments requires access to a minimum of one brokerage account. There are many benefits to opening a single account, including the broker’s expertise and customization of your portfolio through them. However, many investors wonder if a single account is the most lucrative and practical way to diversify their portfolio […]