If you’re a real estate investor hoping to expand your portfolio, you may want to consider a 1031 exchange. A 1031 can be a great way to purchase commercial real estate without having to immediately pay the properties’ capital gains taxes. By saving money on your taxes, you can use the funds to invest further, make improvements to the property, or consolidate your portfolio. But how do you know if a 1031 is your best option? We’ll explain what a 1031 is, how it works, and whether or not it’s a good investment for you.
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Election years can be unsettling times, as political campaigns dominate headlines and uncertainty looms in the air. It's common for individuals and..
Today’s Chart of the Day comes from Craig Lazzara's article “Persistently Disappointing.” It asks if top fund managers outperform due to skill or..
On Our Minds
Today’s Chart of the Day from @CharlieBiello on Twitter shows the annual change in credit card balances dating back to 2000. The latest data shows a 17.2% increase, nearing the record set in 2001 at 18.9%. This is another unintended consequence of the COVID-19 pandemic response.
Election years can be unsettling times, as political campaigns dominate headlines and uncertainty looms in the air. It's common for individuals and businesses to feel anxious about the potential financial impacts that elections can bring. However, it's crucial to remember that maintaining financial confidence during these periods is essential for making informed decisions and achieving long-term financial goals. In this blog, we'll explore strategies and mindset shifts that can help instill financial confidence and empower you to navigate the uncertainty of an election year.
Today’s Chart of the Day comes from Craig Lazzara's article “Persistently Disappointing.” It asks if top fund managers outperform due to skill or good luck. In EVERY fund category and over EVERY time frame, it was found to simply be good luck.
Whether it’s trade school, college, or an advanced degree, continuing education can be an excellent way to further your career or make a career change. It can also be profitable: the most recent data from the National Center for Education Statistics shows that, on average, employees with a four-year college degree can earn $20,000 to $25,000 more than employees with a high school-only education. However, tuition and other expenses can quickly add up, so budgeting for continuing education is essential.
Next to buying a home, a college education is the largest expenditure most parents will ever make. The key is advance planning. The more money you save now, the less money you or your child will need to borrow later. It is important to begin saving as early as possible so you can earn interest, dividends, and/or capital gains on as much money as possible.
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