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Inflation is coming. No matter how you parse the April CPI inflation report from the Bureau of Labor Statistics (BLS), you cannot escape the reality that prices rose across the board by a lot. Overall, prices in April climbed 4.2% year over year, the biggest such gain in the headline CPI data since September 2008. […]

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There’s a reason financial advisors tell you to ignore the noise. Follow the stock market closely enough and you can easily fall into a dizzying sea of numbers and narratives. Stocks are undervalued! No, everything is expensive! Wait, here comes inflation! Today’s darlings (ahem, Tesla) can turn into tomorrow's ugly ducklings as the new, new thing promises to revolutionize an entire industry, again. Individual investors who try to time the parade of disruption often fall into the nasty habit of buying high and selling low. We believe some perspective is in order. After a quick look at the market’s near-term...

Earnings reports are quarterly financial statements issued by publicly traded companies. As the name suggests, an earnings report details the profits (or losses) earned by a company in a given quarter, along with data like sales volumes, revenue and profit margins. What Are Quarterly Earnings Reports? To be listed on a stock exchange, public companies […]


Did your kids get a taste of the real world and decide that living off Mom and Dad was not so bad after all? Cheer up… you may still be able to claim them as dependents on your taxes.

In the past, dependents could save money on your taxes in two ways: through individual exemptions and the potential eligibility for certain tax credits. The Tax Cuts and Jobs Act (TCJA) removed the personal exemption from tax year 2018, but expanded the Child Tax Credit and kept the Dependent Care Credit in place, despite early talks of doing away with it. "The Dependent Care Credit can be very valuable. It was actually on the potential chopping block as far as the recent tax reform, but it survived," reports Betterment Head of Tax Eric Bronnenkant. "Let's say you have two kids, and let's say your employer offers a dependent care account, you're able to contribute up to $5,000 tax-free through your employ...

Top 7 Tax Benefits Of Parenthood

11 Popular Tax Credits

Top 7 Tax Deductions And Credits That People Forget

The thrill of receiving a COVID-19 vaccine is giving way to apprehension for many would-be summer travelers, as uncertainty continues to swirl concerning when, whether and where to travel internationally. One…


Wouldn't it be nice if you could deduct your credit card debt from your taxes? For most Americans, that's just a dream that will never come true. However, some circumstances allow you to deduct some credit card debt – all related to using your card for business purposes.

The 2017 Tax Cuts and Jobs Act raised the standard deduction and eliminated or reduced certain itemized deductions as part of a tax simplification effort. It's critical for those who still itemize to take advantage of all possible deductions. Self-employed taxpayers and small business owners who rely heavily on credit cards may be able to save by taking advantage of credit-related deductions.

Credit card debt on personal purchases is not tax-deductible, thanks to the 1986 Tax Reform Act. However, three varieties of business-related credit card debt may be deductible.

Interest on credit ca...

How To Save For Taxes If You Are A Freelancer

Top 10 Home Office Tax Deductions

Don't Let Taxes Kill Your New Business

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When it comes to racking up travel rewards, it’s important to consider business credit cards in addition to personal ones. Business credit cards extend many of the same benefits as personal credit cards, such as lucrative welcome bonuses, day-of-travel perks like free checked bags or lounge access, and the opportunity to earn bonus points or […]

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With the growing acceptance of cannabis among American consumers and their elected representatives, this edgy asset class offers your portfolio an excellent source of growth. According to data from Leafy, an online marijuana marketplace, legal U.S. cannabis sales—medicinal and recreational—increased 71% in 2020, to a total of $18.3 billion. To help you choose the best […]

A convertible bond is a type of fixed income security sold by public companies that can be converted into common shares of the issuing company’s stock. Convertible bonds work just like ordinary corporate bonds, paying interest according to the specified coupon rate until you or the company decides to trigger a conversion to equity. How […]


Procrastinator alert: your taxes are due! If you are nowhere near ready as the scary deadline approaches, you may file an extension with the IRS that gives you up to six more months to file your taxes. Filing an extension will spare you from late filing penalties — 5% of the amount of tax you owe for each month or partial month past the deadline. The extension is automatic — you do not have to send any justification or reasoning like "I have 5,000 wadded-up receipts crammed in a shoebox."

The IRS and Treasury Department have extended the 2021 tax filing and payment deadline from April 15th to May 17th, due to the COVID-19 pandemic.

To file an extension, fill out IRS Form 4868, "Application for Automatic Extension of Time to File U.S. Individual Tax Return" and submi...

The Punishing Costs of Paying Your Taxes Late

Last-Minute Tax Day Filing

You Owe Taxes, But Can’t Pay the Bill

As if there isn’t already enough analysis paralysis around choosing an ultra-premium card, American Express blurs the line even further. The Platinum card you thought you were familiar with actually comes in four different versions: The Platinum Card® from American Express American Express Platinum Card for Schwab The Platinum Card from American Express Exclusively for […]

Many of us work and save our entire careers in hopes of achieving a relaxing, comfortable life during retirement. However, the actual process of transitioning into retirement can bring about…

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