GARP Investing Seeks a Middle Ground

For some people, the world is an either/or. They exclusively drink either one soft drink or another. They’re a fan of either the Cubs or the White Sox. But what if you prefer to mix and match qualities of each option to approximate the best of both worlds? That’s essentially the idea behind an investment philosophy…

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Do Your Kids Know the Value of a Silver Spoon?

You taught them how to read and how to ride a bike, but have you taught your children how to manage money?Tip: Give Them a LookFind a credit card calculator on the web to give your kids a real-life look at what it actually costs to “buy now, pay later.”Many college students and graduates carry a significant…

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Consider Tax Issues Before Moving Across State Lines

Tax can be a deciding factor if you’re contemplating a move to a different state. Here’s an overview of how to evaluate the tax picture in various states you might be considering. Investigate All State and Local TaxesEstate vs. Inheritance TaxWhat’s the difference between an estate tax and an inheritance tax? An estate tax is charged against your…

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Crypto: What Taxpayers Need to Know

Cryptocurrencies have gone mainstream. You can now invest in them and use them to buy and sell many products and services. However, crypto transactions have important federal tax implications that may not be well understood by everyone. Here’s an update on what you need to know about the federal tax issues if you exchange or receive…

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RAISING THE DEBT CEILING AND WHAT THAT MEANS FOR YOU

President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal Responsibility Act (FRA) suspends — as opposed to raising — the debt ceiling until 2025, after the next presidential election. The FRA also makes a variety of changes related to…

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