Nowadays, college is more important than ever for many careers. Young people are expected to have a college degree for most professions and pay hundreds of thousands of dollars for that education. In all likelihood, college tuition will only continue to rise. It’s essential to start saving now so that no matter what your children choose to do in the future, you are prepared to support them.
While it’s important never to cut corners and risk an audit, there are plenty of ways to reduce your tax rate that the IRS encourages legally. Deductions and tax laws are made to enable citizens to save, so take advantage of every opportunity you can, starting with these strategies.
Most of us are familiar with the term generational wealth. When we start saving for a child’s college fund or inherit something from a family member who has passed away, we are building wealth not only for ourselves but for the next generation. This article will help explain some common misconceptions of generational wealth and help you build your own for your children’s and grandchildren’s future.
The holidays are just around the corner, which hallmarks the beginning of the giving season for many families. Not only do we give to our own families, but many people like to include charitable giving as part of their holiday cheer. The easy part, however, is wanting to give. Finding the right strategies to give charitably can be tricky, especially if you don’t have a specific cause in mind.
The Friday following Thanksgiving, typically a quiet day in equity markets, was anything but quiet this year as news of a significantly mutated COVID-19 variant discovered in South Africa led to a “sell first ask questions later” trading day. The S&P 500 index declined 2.3%, but many “reopening” stocks like airlines and cruise lines declined 10% or more.
Electric vehicles, also referred to as “EVs”, are getting renewed interest from both consumers and investors after Rivian stock skyrocketed after going public with the sixth largest initial public offering in US history. The EV market, which has been dominated by Tesla for the past decade, is getting more crowded by the day as newer companies such as Rivian, Lucid, Lordstown, and Nikola join larger established automotive companies like Ford, General Motors, and Toyota in launching new options.
Is life insurance a key part of your business strategy? Planning for the future helps you identify your goals and take the steps to reach them, and life insurance plays a role in ensuring your business is prepared to continue in the wake of the unexpected.
Inflation dominated financial headlines this week, as the latest US Consumer Price Index (CPI) reading was higher than anticipated. On Wednesday, the latest year-over-year CPI reading of 6.2% was released, marking the biggest increase in more than three decades.
As an investor, the words “bear market” might run a shiver up your spine. They’re a period often characterized by fear, uncertainty, and conservatism, as opposed to the abundance and confidence of a bull market. However, there are plenty of ways to weather a bear market with your confidence and security intact. This guide will help you discover the hidden truths of bear markets and how to survive them with OneAscent.
Equity markets rallied again last week, as investors applauded a host of positive news throughout the week. The much-awaited Federal Reserve meeting wrapped up and while they shared plans to gradually taper their bond buying program between now and mid-2022, Fed President Jerome Powell indicated they are in no hurry to begin raising rates.