-
The Impending Tax Increase in 2025: What You Need to Know
As the election season approaches, there is a significant concern over the expiration of trillions in tax breaks that were introduced through the Tax Cuts and Jobs Act of 2017 (TCJA). These tax breaks have been instrumental in reducing taxes for most Americans, especially those in lower federal income brackets. With the scheduled sunsets of…
-
The Future of Private Equity Investing: Opening Doors for All Investors
An innovative approach to private equity investing is on the horizon as Forge Global’s CEO, Kelly Rodriques, is determined to change the game. Partnering with Accuidity, Rodriques launched the Forge Accuidity Private Market Index in an effort to breathe new life into the private equity sector amid a slowing initial public offering market. The primary…
-
The Synapse Bankruptcy: A Deep Dive Into the Missing Funds Crisis
The recent bankruptcy of Synapse, a fintech middleman, has revealed a staggering $85 million shortfall between what partner banks are holding and what depositors are owed. Trustee Jelena McWilliams, appointed by the court, disclosed that customers of fintech firms using Synapse had $265 million in balances, while the banks only had $180 million associated with…
-
Maximizing Tax Savings in a Year of Lower Income
In the current job market, some job seekers are encountering heightened competition. Nevertheless, the prospect of extended unemployment and reduced income for the year 2024 could present an opportunity for strategic tax planning. According to certified financial planner Jaime Quinones of Stockade Wealth Management in Marlboro, New Jersey, one potential benefit of a job layoff…
-
The Ongoing Negotiations Between the PGA Tour and Saudi-backed LIV Golf
The PGA Tour and the Saudi-backed LIV Golf have been engaged in ongoing discussions, according to a source familiar with the matter. These talks come one year after the initial announcement that the two entities had agreed in principle to join forces. The negotiations have been described as “extremely active,” with regular meetings being held…
-
The Pitfalls of Mega Backdoor Roth Conversions: Common Mistakes and Strategies
Mega backdoor Roth conversions are often touted as a powerful tool for boosting tax-free retirement savings. However, experts warn that this strategy is not suitable for all investors and that mistakes are common. While the concept of after-tax 401(k) contributions being shifted to Roth accounts sounds appealing, there are several pitfalls that investors need to…
-
Rivian Automotive Unveils Upgraded All-Electric R1 Pickup and SUV Models Powered by Nvidia Chips
Rivian Automotive recently revealed the redesign of its all-electric R1 pickup and SUV models, showcasing improvements in range, performance, and computing power with the integration of Nvidia chips. The 2025 model-year vehicles boast significant upgrades, despite maintaining a similar outward appearance to their predecessors. Rivian disclosed that over half of the hardware components in the…
-
The Impact of Inflation on Consumer Behavior
The effects of inflation go beyond just rising prices; they have a profound impact on consumer behavior. Joel Anderson, CEO of Five Below, highlighted the challenges faced by the lower-income demographic. Despite signs of inflation easing, the lower-end customer segment is feeling stretched as they struggle to make ends meet. Anderson emphasized the need to…
-
The Pros and Cons of Investing in Real Estate Through REITs
In a recent survey conducted by Gallup, it has been found that a significant portion of Americans view real estate as the best long-term investment option compared to stocks, gold, and savings accounts. The emotional attachment and sense of legacy that real estate investments evoke in individuals make it a popular choice for many. However,…
-
American Airlines CEO Offers Flight Attendants 17% Wage Increase Amid Contract Talks
American Airlines CEO Robert Isom has offered flight attendants an immediate 17% wage increase amidst ongoing contract talks that have failed to yield a deal. The airline and the Association of Professional Flight Attendants have been in disagreement on key issues, such as pay, leading to tension and a potential strike on the horizon. Flight…