Many people decide to donate to charities out of the kindness of their heart, while some decide to donate in order to receive certain financial benefits. The most common benefit is the income tax deduction associated with charitable donations. However, there may be...
We have continued to see a drastic increase in prices over the past couple of months, as the March Consumer Price Index report showed an annual increase of 8.50% and we just received April’s 8.30% report. Is Inflation Peaking, or Could It Rebound? This slight...
The term Fiduciary has become more popular in recent years due to the latest changes in regulation. Dodd-Frank Act, SEC’s Regulation Best Interest, and DOL’s Fiduciary Rule are all examples of recent legislation attempts at defining the roles and responsibilities of...
One of the hottest financial topics lately has been the Federal Reserve and their upcoming tightening policy schedule. In order to really understand the impact of interest rate hikes, it is important to review the basis of fiscal and monetary policy. Both types of...
Retirement income planning oftentimes includes a focus on limiting taxable consequences. A Traditional IRA or 401(k) provides pre-tax retirement savings, which trigger income taxes whenever a withdrawal is made. A Roth IRA provides after-tax savings that grow tax-free...
