Everything There is to Know About the New Child Tax Credit

The Child Tax Credit as we know it originated during the Clinton administration, but the recently enacted American Rescue Plan created a new version. The updated version of this tax credit could have a beneficial impact on Americans struggling through the COVID-19 pandemic. There are changes to many aspects of the credit, so let’s look [...]

By |2021-05-01T12:00:07+00:00May 1st, 2021|

How Businesses Can Hedge Against Increasing Inflation

Inflation is on the rise. According to a recent Economic News Release from the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index for final demand grew by 1 percent in March. February saw "final demand prices" grow by 0.5 percent; and January's final demand prices increased by 1.3.According to BLS, the Producer Price [...]

By |2021-05-01T12:00:06+00:00May 1st, 2021|

How Will a Steepening Yield Curve Impact Markets?

Based on data from the Federal Reserve Bank of St. Louis, the spread between the 10-year and two-year constant maturity Treasury rates increased by 66 basis points – from 0.48 percent in July 2020 to 1.14 percent by February 2021. Due to the Federal Reserve’s open market operations, two-year notes have fallen to near 0 [...]

By |2021-05-01T12:00:05+00:00May 1st, 2021|

New Rules and Ways to Use HSAs/FSAs

People who own a high-deductible health insurance plan may have the ability to open a health savings account (HSA). They can contribute pre-tax income to an HSA and invest the money for tax-free growth in a variety of mutual funds, stocks and exchange-traded funds (ETFs).The funds may be withdrawn tax-free when used to pay for [...]

By |2021-05-01T12:00:04+00:00May 1st, 2021|

7 Ways to Save 10K a Year

If you’re scratching your head and wondering if we’ve lost our minds, please keep reading. You can do this. All you need to do is plan your steps – and stick to it. After all, Confucius says, “A journey of a thousand miles begins with a single step.” So let’s get moving.Save Before You SpendThis [...]

By |2021-05-01T12:00:03+00:00May 1st, 2021|
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