Trading vs. Investing: Which Is Better for Long-Term Goals?
Tesla, GameStop, Hertz, Dogecoin: retail traders continue to dominate headlines in the financial news media. Some individuals may be wondering, how is trading different from
Category: Brokerage Account
What is a Brokerage Account? Reasons to Use a Brokerage Account
What is a brokerage account? A brokerage account is a non-retirement investment account. Essentially, a brokerage account is the opposite of a retirement account like
What You Need to Know About Capital Gains Tax (2024)
Updated for 2024. What is a capital gains tax? When you sell an asset like a stock or a home, your gain could be taxable.
What To Do With Excess Cash: 7 Ways to Use Extra Savings
What should you do with excess cash? If you are holding too much cash, consider how to use the extra money to your benefit. If
Should You Keep Investing Through a Recession?
There’s a lot we know about the current state of the stock market, but we can only make an educated guess as to where the
What is a Step-up in Basis? Calculating Cost Basis of Inherited Stock or Other Assets
Updated for 2024. A step-up in basis is a tax advantage for individuals who inherit stocks or other assets, like a home. A step-up in
Is Tax-Loss Harvesting a Good Idea?
Tax-loss harvesting is the process of selling an investment that has lost value in your portfolio to ‘realize’ the loss for tax purposes. Investors can
Should You Always Max Out Your 401(k)? The Downside of Pre-Tax Retirement Accounts
Is it always a good idea to max out your 401(k)? For wealthier retirees or individuals with a sizeable pension, you might not want to
Beware of the Deferred Compensation Plan
If a deferred compensation plan a good idea? A nonqualified deferred compensation plan (NQDC) or supplemental executive retirement plan (SERP) allows executives to defer income
How Your Brokerage Account is Taxed
How is a brokerage account taxed? Brokerage accounts (also called non-qualified accounts) are taxed differently than qualified retirement plans like a 401(k) or a 403(b).