What Dow 40,000 Means for Consumer Net Worth
The Dow Jones Industrial Average reached 40,000 for the first time recently as markets continue to rebound from a 5% decline earlier this year. While this has felt like a difficult year for many investors due to inflation, high interest rates, and growth concerns, the reality is that the broad market has achieved 23 new all-time highs. Other asset classes, including international stocks, commodities, and even gold, have surged alongside...
Tax Implications of Your Retirement Contributions
Whether you contribute to an employer-sponsored plan or an IRA, factor in these tax benefits and implications to optimize tax planning It’s not always easy to understand how your retirement account contributions are impacting your taxes. Even though many retirement savings avenues provide tax advantages, there are still key considerations to factor into planning to maximize results and minimize your tax liability. For instance, IRAs, 401(k)s, pensions, and Social Security benefits will...
Tax Deduction Strategies for Small Business Savings
Your business may qualify for many different tax deductions. You just need to know where to look. Small business owners face complex options when trying to navigate tax deductions. In fact, 37% experience feelings of anxiety and confusion on this topic. It’s easy to get frustrated with the process and give up altogether, but then you risk losing a crucial opportunity to find significant savings. A wide range of tax deductions are...
Investing in Real Estate for a Diversified Portfolio
The real estate market provides investors with unique options for diversification, supporting long-term growth and success. Diversification is a key strategy for managing risk and enhancing potential returns. While stocks and bonds can diversify portfolios, real estate investments also comprise a valuable asset class. Real estate provides the potential for significant returns while diversifying your portfolio to protect against market swings. This post explores the benefits of incorporating real estate into a...