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
Updated for 2023. 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
Tax-loss Harvesting After a Downturn in the Stock Market
Tax-loss harvesting is the process of selling an investment at a loss to offset other gains or carry the loss forward to future years. It’s
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
A step-up in basis is a tax advantage for individuals who inherit stocks or other assets, like a home. A step-up in basis could apply
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
I Maxed Out My 401(k), Now What? What to Do After Maxing Out Your 401(k)
Ways to Invest After Maxing Out a 401(k) Wondering what to do after maxing out your 401(k)? If you’re looking for ways to save outside
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