As the leaves turn and the ghosts and goblins start to emerge from their hiding spots, it’s that time of year again—Halloween! But before you grab your broomsticks and dust off your cauldrons, let’s talk about the real fright of the season: the budget. According to the National Retail Federation, Americans are projected to spend a staggering $11.6 billion on Halloween this year. You read that right—billion with a "B".
In the world of investing, we often hear about the latest hot stock or sector that's making waves in the market. It's tempting to jump on these trends, hoping to ride the wave to significant profits. But is this really the best strategy for long-term financial success?
Both major party presidential candidates have discussed changes to some of the benefits American taxpayers receive from the Federal government. Two key concepts related to these campaign promises are tax credits and tax deductions. While both can help you save money on your taxes, they work in fundamentally different ways. In this post, we’ll break down the distinctions between these two important tax benefits.
If you’re a high-income earner looking to maximize your retirement savings, you may have heard of the mega backdoor Roth strategy. This powerful 401(k) funding technique allows you to contribute significantly more to a Roth account than the standard limits would typically allow. In this post, we’ll break down what a mega backdoor Roth is, how it works, and the benefits it offers.
In a move that's stirring up debate in both economic and political circles, Vice President Kamala Harris has put forward a provocative tax proposal aimed at the wealthiest Americans. The plan? To tax unrealized capital gains. Let's dive into what this means and why it's causing such a stir.
When it comes to managing your finances, choosing the right advisor is crucial. But did you know that not all financial advisors are the same? One key distinction lies in whether they're a fiduciary or non-fiduciary advisor. Let's break down what this means for you and your money.