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Five Ways to Minimize Taxes When You Inherit Money
Last Updated: July 16, 2024 After someone dies, their assets are usually transferred to their heirs—whether that be their spouse, children, or other blood relatives. Whenever assets are transferred, a tax may have to be paid on them in the form of an inheritance tax, estate tax, or both. Investopedia says,…
Read MoreHow to Survive a Recession: 7 Steps to Take Now to Prepare for an Economic Downturn
Date Last Updated: October 10, 2024 Economic downturns can be nerve-wracking and challenging to know how to survive—and the word recession is a big scary word for many, especially those who experienced the recessions in the early 2000s and 2009. A recession is a substantial decline in general economic activity,…
Read MoreCyclical Stocks: Definition, Advantages & Disadvantages
Date Last Updated: October 10, 2024 Cyclical stocks get their name because they usually follow the cycle of the overall economy—with ups and downs charting economic expansions and peaks, recessions, and recovery periods. They’re good to include in your investment portfolio during periods of economic prosperity but perhaps not during…
Read MoreDefensive Stocks: Definition, Advantages & Disadvantages
Date Last Updated: October 10, 2024 Defensive stocks are precisely what their name implies—they defensively strategize your investment portfolio during an economic downturn or when the overall stock market isn’t doing so hot. Defensive stocks are usually in sectors that provide essential goods and services. Companies with defensive stocks are…
Read MoreWhat Is a Market Correction and How You Can Weather One
Date Last Updated: September 13, 2024 The reality is that no market goes straight up without pulling back or correcting itself. The market can be an individual stock, an index such as the S&P 500 or Dow Jones Industrial Average, or a bond. It doesn’t matter the instrument; at some…
Read MoreWeekly Market Report: September 12–16, 2022
Another Tough Week on Wall Street Another tough week for everybody on Wall Street. Dow off 4.1, S&P off almost 5%. Nasdaq down 5.5. The International Index, the IFI, off 1.8. Ten-year treasury, 1.9% positive for the year. And oil, what a pullback, right? Oil traded at $85 this week.…
Read MoreLLC vs. C Corp vs. S Corp: Which Structure Is Right for My Business?
Date Last Updated: September 13, 2024 Are you starting a business and wondering how to legally structure your business? If you are starting a new business, it’s important to set it up using the appropriate entity that correlates with your goals for liability and taxation, so that you can effectively…
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Weekly Market Report: September 26–30, 2022
Market Volatility Is Here It was another tough week for the markets. The Dow Jones was off 20.9%, S&P 500 off 24.8, and Nasdaq off 32.4. The MSI IFI index was off 29.19. Just think about that: 20 to 30% off right now. The third quarter just ended, and here…
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