Tax-loss harvesting refers to a strategy wherein you can sell securities at a loss to offset your capital gains tax due on the sale of profitable securities. In other words, you can sell your investment at a loss to lower your tax liability. Tax-loss harvesting can...
If you have been planning for your retirement, you may have come across several types of savings and investment accounts. The two most popularly used include the 401(k) and the Individual Retirement Account (IRA). For decades, retirees have relied on these to save for...
Even though Roth Individual Retirement Accounts (IRAs) have been around since 1998, many investors aren’t aware of all the differences between traditional and Roth IRAs. Thus, they aren’t sure which IRA is the better alternative for them. As a summary, the unique...
It can be overwhelming to compare your financial progress with others and be bound by a timeline. But it can also offer you a roadmap for the future and give you something to aspire for. Financial milestones are targets that you aim to achieve by a certain age or...
Financial frauds are more common than you think. Most often, until someone has been a victim of financial fraud, they fail to recognize the growing intensity of these crimes. However, the numbers tell a different story. According to the Federal Trade Commission (FTC),...
Financial planning is essential for achieving one’s financial goals. It is a step-by-step approach wherein you create a financial plan to control your income, expenses, and investments to better manage your finances. However, not everyone has a financial plan....
