With the passing of the new U.S. budget, government spending cuts to nonprofits and various federal programs are very real. And, with the doubling of the standard deduction, far fewer taxpayers will benefit from making charitable contributions. Tax breaks shouldn’t be the only reason to give back to the community, but it’s been traditionally a large motivator. There are strategies, however, that can make your charitable giving mutually beneficial. If you know you’re taking th
More investors are evaluating the cost of investing. This can be seen as investors have been replacing their costly mutual funds for low-cost exchange-traded funds (ETFs). Vanguard and BlackRock, the two largest ETF companies, pulled in a record of $600 billion over the last year^1. It should be noted that this is a time where the stock market has reached record gains and volatility is almost nonexistent. So, I would agree with these investors that ETFs and other low-cost inv
If you've been looking for a reason to launch your startup then this may be your year. With stocks at all-time highs and the Trump tax cuts effective January 1, new, small businesses might enjoy easier access to capital and more free cash flow from tax savings. Even a few of the largest U.S. banks have promised to share their tax savings by lending more^1. The tax changes include a new "passthrough break" for some sole proprietors, S-corporations, and other pass-through enti
With the Dow reaching an all-time high of 25,000 last week, you may be wondering if now's a good time to sell and take profits. Common reasons people hesitate in taking action is the realization that capital gains tax will be owed, and after selling, where on earth do you put the proceeds?
It's also hard to justify selling stocks right now when the bull market appears to have no end in sight. The S&P 500 is up 300% since the 2009 low and running strong in its 9th year. The