Rate of Change is an important concept for financial analysts and economists. The average investor does not use the concept as often, but we believe understanding the tool is still important. Rate of Change refers to the acceleration or deceleration of an underlying...
One way to increase your net worth and annual income is to pursue a passive income strategy. Passive Income may be beneficial because you do not need to put in the time or work on your end to generate the income stream. You simply need to invest some of your own...
The income levels for 2023 tax brackets include an adjustment higher for every bracket, but the tax rates are not changing. The standard deduction will be increasing as well as the retirement and HSA plan contribution limits. These changes should be taken into...
Tax Loss Harvesting is a great end-of-the-year tax planning tool. The goal of this exercise is to sell investments at a loss to offset other potential income taxes. Offsetting Capital Gains and Income Capital losses can be used to reduce capital gains in a...
Budget for holiday shopping and gifts before spending. Review retirement contribution amounts and limits for the current year. Set budget and financial goals for the upcoming year. Evaluate tax planning strategies such as Tax Loss Harvesting, Charitable...
