The Internal Revenue Service (IRS) has issued a warning that taxpayers may experience delays in receiving their tax refunds in 2023. This news comes as a result of factors like – ongoing changes to tax laws, processing backlogs, and other administrative issues. This blog will explore the reasons behind the delay and provide tips on […]
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Understanding Ordinary vs Qualified Dividends There are two types of dividends paid out to investors: Ordinary and Qualified. The time an investor has owned a stock determines whether the dividend will be considered Ordinary or Qualified. The other difference between these is the tax treatment of the dividend. Previously, all dividends were considered Ordinary dividends
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After years of hard work to become an attending, you’ve achieved the salary to match. However, it’s important to remember that the work doesn’t end here – you must stay on top of your finances to avoid a cycle of debt and poor financial decisions. According to the 2022 Medscape Physician Compensation Report, the average
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Despite its importance, saving for retirement is not always easy. Even if you save a portion of your salary each year for retirement, there is more that can be done. You may find yourself feeling behind and needing to catch up to achieve your retirement goals, as do 52 percent of American workers. The first
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A portion of Biden’s American Rescue Plan, which was enacted in March 2021, to support American families and businesses through the coronavirus pandemic, has been allocated to the Homeowner Assistance Fund (HAF). Millions of Americans are still at risk for the foreclosure of their homes due to economic implications of the pandemic. The Homeowner Assistance
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The American Families Plan (AFP) proposal would use $1.8 trillion in new spending on education and family programs. About $661 billion in additional taxes on higher income individuals and businesses like Partnerships, Sole Proprietorships, and S Corporations. These proposed tax changes would make the current tax system more progressive than under current law, with higher
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Personal finance is a broad and subjective topic that is often expressed as objective, specific rules of thumb, such as “never withdraw more than 4% of your retirement savings a year to make sure your retirement lasts” or “don’t buy a house that costs more than two and a half years’ worth of income”. While
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Wall Street has been notoriously male dominated since its inception. This pattern has traveled down to elementary-aged school children. Even now, girls are often discouraged from entering finance, math, or stem industries. It’s concerning that many young women may still be discouraged from learning about money. Here are five tips on how to help raise
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A new way of looking at fractional share investing is taking the financial world by storm. Investors are starting to think about how much money they can afford to spend rather than how many shares they can afford to buy. Purchasing a piece of Apple or Facebook once meant determining how many shares you could
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On the surface, the idea of a frugal lifestyle often doesn’t sound appealing. The thought of frugal living below your means and giving up things that you love, such as your daily coffee run, may sound draining. A frugal lifestyle, however, doesn’t necessarily mean you need to feel deprived. There are simple choices we all
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