As an investor, it’s important to understand the taxes you may be subject to because of your investments. One of the more common taxes that investors pay is the capital gains tax. A capital gain is the increase or appreciation

Key Points Employees are able to funnel $20,500 into 401k savings for the 2022 tax year. (This increases the 2021 contribution limit by $1,000.) The contribution limits for individual retirement accounts (IRAs) is $6,000 in 2022. If you contribute to your 401k, you

Have you ever wondered how you stack up against other people financially? It’s not uncommon to want to measure our financial situation with others who are in a similar age range or stage of life. These comparisons are often made on an

Imagine: You’ve worked hard over the years to grow and manage your assets so you can leave a lasting legacy to your family and ensure they are taken care of when you are gone. Now imagine that your family, unfortunately,

If you own a home, car, cryptocurrency, or shares of a company’s stock, you have capital assets. Selling these items for a profit could trigger a capital gains tax. As is standard with the U.S. tax system, the capital gains