Tariffs have been in effect for several months now. Not only will the rate on billions of dollars of Chinese imports soon to be increased to 25%, but there may also be tariffs placed on hundreds of billions of dollars of additional imports later in 2019. Low income families or those that live paycheck to paycheck (which is most Americans) should start to plan now for higher costs. We do not write about politics. This site and blog is not meant to be political, so we will not write whether …
Roughly 60 profitable S&P 500 companies paid zero federal income dollars in taxes in 2018. The corporations were profitable, more than likely had highly paid CEOs and executives working there, yet still paid zero dollars. Even Delta Airlines, General Motors, and Amazon, which had a net income of over 10 billion dollars last year, paid no taxes in 2018 according to a study from ITEP. This means that those S&P 500 companies, which are some of the largest in the world, did not pay a cent towards our military, education …
I think one innovative idea out there is to create “baby bonds” for newborns. I read about this concept in the Sunday Times, and I have always been a huge fan of the general concept of investing money as soon as a kid is born. It can be a great tool to help build wealth and savings for future generations, encourage financial literacy, form a quasi-retirement account, and there are many other advantages to the concept. What is a baby bond, or more importantly what is the concept all about? …