1,604 results found
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How Tax Reform Has Impacted the Housing Market
When the Tax Cuts and Jobs Act was enacted in 2017, it reduced tax breaks for homeowners. Mainly, it lowered the cap on the mortgage interest deduction to $750,000, down from $1 million, and the deduction for state and local property taxes was capped at $10,000. At the time, housing experts and economists said the chan
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Preparing for the Worst: Retirement During a Recession
Every retirement story is different, but they all share a common theme of preparing for the unknown.
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Trump’s Tariffs: Four Things Small Businesses Can Do Now To Survive
New tariffs on imported goods could have a negative impact on small businesses. If your business relies on foreign-made products and parts, here are some ways to mitigate the potential effects
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Minimizing Taxes When You Inherit Money
Illustration by Cha Pornea Unless you spend your winters in Aspen and your summers in the Hamptons, you probably don’t have to worry about paying
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CONNECTICUT MONEY: US economy stronger than predicted
Growth in the U. S. economy was stronger than expected in the third quarter, and most forecasts call for continued solid growth in 2020, although at a slower pace than 2018-2019. The nation’s gross domestic product (GDP) grew at a rate of 1.9 percent in the third quarter, down slightly from 2 percent in the second quar
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Six Steps To Simplifying Your Money Life
Navigating life’s challenges and transitions is endlessly complicated. Chances are you’ve known that for a long time. But here’s confirmation. In a new study from Capital One that polled about 2000 Americans, a whopping 73 percent said they considered finances a source of stress in their lives—way ahead of politics (59
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What New Grads Should Know About Money
One of the most common things I often hear from people after one of our financial wellness workshops is how much they wish they had learned about personal finance when they were younger.
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What to Know About Recent Federal Reserve Guidance and Interest Rate Announcements
The Federal Reserve seems to be doing everything it can to stay out of the way of the stock market. Although the bulls have been on a rampage for the past 10 years, creating and re-creating new highs in every thinkable index, the specter of the hibernating bear looms large. No one wants to be the jerk who wakes it. Ima
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This IRA Move Looks Smarter After the Stock Market Correction
One of the biggest problems with the way that most people save for retirement is that they fail to take taxes fully into consideration. With traditional IRAs and 401(k) plans, you typically set aside pre-tax money into a tax-deferred account that shelters your money from tax as long as it stays in the account. But once
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What Factors Affect Your Home Insurance Cost?
It's no secret that home insurance costs are rising, in large part due to increased claims from floods or other natural disasters. Prices are also