The amount of investors using brokerage accounts has increased in recent years as savers look to maximize emergency funds. Read on to learn what a brokerage account is, the pros and cons of using one, and if it could be right for you. What is a Brokerage Account? A...
Year: 2019
Small Business Expansion: Options for Commercial Real Estate Loans
So you’re ready to take that big step and embark on a brick-and-mortar venture, or maybe you’re ready to expand your thriving brick-and-mortar business. If you’re looking to move into a commercial space or heavily renovate the space you’re in now, you’ll likely need a...
How to Avoid Paying Capital Gains Tax When You Sell Your Home
Taxes are an inevitable part of the process when selling your home, but a few strategies and in-the-know tips can help you minimize the amount you pay on your profits – also called capital gains tax. What Is Capital Gains Tax? When you sell property for more than you...
401(k) Management: The Foundation for a Golden Retirement
The most common retirement plan offered by employers is the 401(k), which puts a portion of your paycheck, often along with an employer-sponsored incentive in the form of a percent match, into an account. You can set this account to a target date fund, or you can take a more aggressive approach and manage the […]
How Your Small Business Could Be Saving More Money
Nearly every small business is subject to nonessential expenses that effectively make them less efficient and profitable. Some expenses may seem small, but they add up over time. Below are some tips in frugality that can have a positive impact on your bottom line. Rainy Day Savings It’s wise to expect the unexpected, so set […]
Could the SECURE Act Affect Your Retirement?
Congress has noticed that American workers generally don’t have enough saved for retirement and has decided to address the issue with the Setting Every Community Up for Retirement Enhancement or SECURE Act, which aims to improve the nation’s retirement system. With bipartisan support the bill recently passed in the House of Representatives. If it’s signed […]
8 Tips to Stop Living Paycheck to Paycheck
More than three-quarters of full-time workers live paycheck-to-paycheck, and one in 10 workers making $100,000 or more say they’re stuck in the paycheck-to-paycheck cycle. If you’re managing to stash away funds for retirement and emergencies, living paycheck to paycheck isn’t necessarily concerning, but according to Bankrate, a quarter of Americans still don’t have so much […]