How to leverage higher income limits for the 0% capital gains bracket
dowell | Moment | Getty Images The earnings limit for the 0% capital gains bracket will rise in 2025, which could offer tax planning opportunities, financial experts say. At sale, profitable assets owned for more than one year qualify for lower taxes — known as long-term capital gains. Those rates are 0%, 15% or 20%, […]
Here’s how to know if active ETFs are right for your portfolio
Izusek | E+ | Getty Images Exchange-traded funds are generally known for passive strategies. But there has been a surge in actively managed ETFs as investors seek lower costs and more precision, experts say. Active ETFs represented just more than 2% of the U.S. ETF market at the beginning of 2019. But these funds have […]
How to invest in bonds amid falling interest rates
Lucy Lambriex | Stone | Getty Images As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. The central bank in September kicked off its first easing campaign in four years with a 50 basis point rate cut, which brought its benchmark rate […]
How to achieve money satisfaction, from a financial psychologist
Many Americans believe they need to earn a certain dollar amount to feel rich. But even if they hit that goal or surpass it, they may be disappointed to find out they still don’t feel satisfied with their finances, says Charles Chaffin, co-founder of the Financial Psychology Institute and a professor at Iowa State University. […]
Retirement Planning: How to achieve early retirement bliss? A step-by-step guide
Early retirement can indeed be a cherished goal for many individuals, despite the challenges that may accompany its pursuit. Early retirement necessitates accumulating enough savings to sustain oneself potentially for decades, demanding considerable financial discipline and sacrifices, particularly for those early in their careers. Also, medical expenses can significantly deplete retirement savings, especially in the […]
How to set financial objectives to progress towards your financial goals? Here are 4 key ways
“The Almanack of Naval Ravikant” underscores the importance of setting a clear goal, particularly in the realm of business. Naval Ravikant’s approach to achieving wealth and financial success is distinctive because he emphasizes personal growth as a crucial factor for professional achievement. Having a defined financial goal is crucial as it guides decisions on earning […]
How to reduce capital gains taxes on your home sale
The Good Brigade | Digitalvision | Getty Images More Americans are paying capital gains taxes on home sale profits amid soaring property values — but there are ways to reduce your bill, experts say. In 2023, nearly 8% of U.S. home sales yielded profits exceeding $500,000, compared with about 3% in 2019, according to an […]
How To Use The BAT Success Triangle To Master Money And Life
Behavior, attitude, technique. If you think about these three components in any pursuit, which is the most important? For example, let’s say you resolve to get more physically active. What is the order of priority when considering your behavior, your attitude, and your technique? Most of us respond initially with attitude. I mean, surely having […]
How to avoid the ‘survivor’s penalty’ before a spouse passes
Jessie Casson | Digitalvision | Getty Images It’s hard to lose a spouse, and a costly surprise makes it even more difficult, especially for older women — higher taxes. But financial experts say there are several ways to prepare. In 2022, there was a 5.4-year life expectancy gap between U.S. sexes, according to data from […]
How to manage your anticipated salary appraisals?
This season marks the period when employers are actively evaluating their employees’ performance before determining their respective appraisals. The appraisal review often results in a salary increase for many, creating opportunities for financial growth. Achieving a salary increase is a significant milestone, but it’s crucial to employ a strategic approach in utilizing those extra funds. […]