Inflation Is Cumulative

Inflation Is Cumulative

Inflation Is Cumulative Key Takeaways: Inflation is cumulative, not just year-by-year; it builds up over time affecting the cost of goods and services. The rate of inflation can vary each year, but even when it decreases, it typically does not negate the previous...
Automatic IRA Act of 2024

Automatic IRA Act of 2024

Automatic IRA Act of 2024 – Video Episode 372 Key Take-aways: 1. The “Automatic IRA Act of 2024” requires employers with ten or more employees to set up automatic retirement contribution plans for all full-time and “long-term part-time”...
The S&P 500: cap-weighted or equal-weight?

The S&P 500: cap-weighted or equal-weight?

The S&P 500: cap-weighted or equal-weight? Key Takeaways: Diversification is key to a smoother investment journey; different types of investments (e.g., mid-caps, small-caps, large-caps, international vs. US) perform differently at various times, helping to...
Do I Owe Taxes on a Gift?   #368

Do I Owe Taxes on a Gift? #368

Do I Owe Taxes on a Gift? Key Take-aways from the question, “Do I Owe Taxes on A Gift?”: If you are the recipient of a gift, you do NOT owe a gift tax on this money. In 2024, if you are a gift GIVER, you can now give up to $18,000 to one person, without...
Higher Taxes Headed Your Way?

Higher Taxes Headed Your Way?

Higher Taxes Headed Your Way? Are higher taxes headed your way in the future? These potentially higher taxes may be due to higher than expected required minimum distributions (RMD’s). The starting age for RMD’s is now 73.  We even had a period where there...