When most people think about retirement planning, they tend to overlook estate planning which is key to avoiding probate. The probate process can be costly and can drag-out for months or years after a loved one passes and, although many people assume a will is all...
Most people would assume since cryptocurrency began with Bitcoin in 2009 it would be considered a form of crypto, yet the SEC declared Bitcoin is not crypto because it is not a security. According to The U.S. Securities and Exchange Commission,...
Transferring wealth to heirs and beneficiaries in a tax-advantaged way should be everyone’s goal, no matter their income. The IRS allows taxpayers to gift up to $12.92 million over their lifetime without paying gift tax. Individuals can gift $17,000 to any...
Financial stress has been increasing among Americans due to economic instability combined with a lack of personal savings. Many Americans are caught in a vicious cycle of high debt and high interest rates and turning to credit cards to cover basic living expenses....
Measuring inflation can be challenging because the Consumer Price Index, or CPI, is based on fixed goods and services and readings don’t always reflect the actual prices people are paying. Using health insurance as an example, the CPI measures price...
