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The American economy has been doing exceptionally well since the past year, where the unemployment rate has dropped to only 3.6% as over 6.5 million jobs have been created recently. Moreover, during the epidemic, families in the United States amassed nearly $2.5 trillion in additional savings. Due to the booming economy, economists predict a recession […]

The profit you earn after selling an investment or an asset is called capital gain. But how much are you liable to pay on your profits? Find out in this blog post. https://unsplash.com/photos/Ber3q-zEhd4 Any profit you earn after selling an investment or an asset translates into capital gain, which is taxable by the federal government.

What is a Tax Strategy? A Tax Strategy is a sound, financial plan to help minimize your tax burden. Read this blog post to learn all about it. You might have heard of the term, “tax strategy,” but never considered using one. Maybe just thinking about taxes makes you nervous. Simply put, tax strategies have

What does rising Inflation mean? What it could mean to your Portfolio? According to International Monetary Fund, inflation is the rate of increase in prices over a period. It also reflects the diminishing purchasing power of currency over time. In July 2021, according to the Labour Bureau of Statistics, the Consumer Price Index (CPI) was 

Lately, there has been a lot of talk about inflation in the media. Inflation is the general rise in the prices of goods and services over a period in an economy. Mild inflation is always good for the economy as it creates demand for products and increases wages. Federal Reserve always targets the official inflation

The outbreak and spread of COVID-19 in the United States at the beginning of 2020 put a strain on the economy and created a financial shock throughout the country, as well as worldwide. As the US economy slowly begins to get back on track, the Federal Reserve interest rates currently stand near zero percent. Interest

The 2008 financial crisis was one of the world’s worst that we have seen in history. It punctured the global economy. It left people without money. In fact, the seemingly “sudden” crisis had really been brewing for a few years. Several years before the traumatic crisis, America’s housing sector was soaring high. The home prices

For most people, a house is a financial asset, a place to rest your head and a way to get your kids into the good schools. Some people may even put it up for rent to earn “passive” income. Some people may buy and rent many homes to earn money. Income from rent is a

Imagine this: you run a successful convenience store in your neighborhood. Everything is running smoothly and you’re making good money. Years pass, and now you are a couple of years short from turning your retirement age. You have low energy these days and you can’t run the business as efficiently as when you were in

Many people participate in an employer-sponsored retirement plan called, “the 401(k) plan.” If you are lucky enough to get such an account, you would know that every month you will have to contribute to the account, and your employer will have to match it, usually 3%-6%. This will go on until you are no longer