Effective budgeting is one of the most critical components of a financial plan, yet the task is often overlooked. Many individuals delay investing towards their financial future because they do not understand the power of compounding interest. Estate planning can be...
We believe debt can have a strong negative influence on your financial plan for two main reasons. First, the money that is being charged in the form of interest is being paid to the lender rather than being kept for another potential financial goal. The more debt you...
The Debt Ceiling Drama: A Critical Juncture The Debt Ceiling is the maximum amount of money the U.S. Treasury can borrow. Increasing the Debt Ceiling allows the government to pay for obligations like Social Security, government employee wages, and military spending....
We believe the recent high inflation has caused many individuals and families to struggle to pay their monthly bills. If you’re also looking for ways to boost your income, check out our recent blog post on Increasing Monthly Income This blog entry will focus on...
Recent Bank Failure: What Happened and Why? This month, we unfortunately had another bank failure brewing. It was announced that First Republic Bank was seized by regulators, and the bulk of the assets were purchased by JPMorgan, thankfully avoiding another major...
Qualified Dividends receive preferential tax treatment as they are taxed as capital gains, provided they meet certain requirements. Non-Qualified Dividends do not receive any additional tax benefit and are taxed as ordinary income. The majority of dividends that are...
