Rate of change refers to the acceleration or deceleration of an underlying speed. This data can be used to analyze the strength and direction of an underlying economic indicator, including any possible reversal points. A high rate of change would indicate a strong...
Special Note: Just a reminder that we offer tax preparation through our tax team at Summit Tax Services/Heemer Klein. If you’d be interested in a quote, as we’re very competitive, please give us a call at 586-459-5340. Our goal is to make tax time easier on you. ...
One of the best ways to increase your net worth and annual income is to pursue a passive income strategy. Passive income is beneficial because you do not need to put in the time or work on your end to generate the income stream. Instead, you need to invest some of...
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. Capital losses can be used to reduce capital gains in a given year since only the ending net result is...
NOTE ABOUT IRA TO ROTH IRA CONVERSIONS: Each year, we recommend that our clients consider converting money from an IRA to a Roth IRA. Because of our national debt, we believe that taxes will need to be raised in the future, and tax brackets will correspondingly be...
