Updated on Thursday, December 23, 2021 As an investor, the goal is to improve the performance of your portfolio and make money through capital gains. However, when you see gains from your investments, the United States government expects to get its cut in the form of taxes, known as capital […]
So you’ve got plans to max out your 401(k) and your emergency fund is cash-flush. What next? You have plenty of options, many of which we’ve listed below. Wherever you put your money, remember that each type of investment comes with drawbacks. You should understand your risk tolerance and be […]
Updated on Thursday, December 23, 2021 For 2021 and 2022, there are seven tax brackets you could fall into: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your tax bracket will depend on your filing status and your taxable income for that year. The higher your taxable income is, the […]
Updated on Tuesday, December 21, 2021 The 25 largest banks in the U.S. have a combined $15.1 trillion in assets, according to the latest quarterly report from the Federal Deposit Insurance Corp. (FDIC). Some of these major banks hold trillions of dollars in assets — like Chase Bank ($3.3 trillion) […]
You’ve poured your heart and soul into the small business you founded, but when it comes to financing day-to-day operations, you’ll need to strictly separate your personal wealth from your business funds. A business money market account can help provide a safe place for your company’s cash, allowing it to […]
If you don’t have it in your sight then how will you spend it? This is the basic mantra that I apply when it comes to savings, so it is better not to keep your piggy bank right in front of you and try to save because in case of […]
Updated on Monday, November 29, 2021 SIMPLE (Savings Incentive Match Plan for Employees) IRAs are tax-advantaged retirement savings accounts that benefit small business owners and the people who work for them. In addition, you can use the SIMPLE IRA to save for retirement if you are self-employed. Like many other […]
Updated on Tuesday, November 23, 2021 A Roth IRA can be an excellent way to set money aside for retirement, but knowing how to make your money grow in a Roth IRA can be confusing. The first thing to understand about Roth IRAs is that they don’t have their own […]
Updated on Monday, November 22, 2021 Checking accounts are a safe and convenient place to store your money for everyday financial transactions, allowing you to withdraw funds to make purchases or to get cash from ATMs whenever you’d like. Many checking accounts have different types of fees, but some financial […]
If you’re looking to save more money beyond your regular savings account, consider adding a money market account (MMA) to the mix. A money market account can earn at a higher rate than a savings account, especially if you have a larger balance to deposit. Many MMAs tier their rates […]
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