by admin | Dec 12, 2023 | Common Cents
In personal finance, the ability to track progress over time is essential. We often hear about comparing the performance of your investment accounts to some benchmark – meaning how well your investment account has grown compared to some other portfolio of...
by admin | Nov 28, 2023 | Common Cents
Introduction Trends come and go – and sometimes they come back – I have on good authority (my 15-year-old daughter) that Lululemon fanny packs are making a big comeback and are all the rage these days. Social Identification Theory is a psychological...
by admin | Nov 14, 2023 | Common Cents
Albert Einstein is credited with saying, “Compound interest is the eighth wonder of the world. He who understands it earns it; he who doesn’t pays it.” In successful investing, compounding growth plays an outsized role in the outcome. Compounding in the investing...
by admin | Oct 23, 2023 | Common Cents
One of my favorite songs, California Dreamin by The Mamas and the Papas, starts off describing a typical autumn day and while I love that song, Mama Cass (born in Baltimore, MD!) failed to add the dizzying tax planning that accompanies those brown leaves and grey...
by admin | Oct 6, 2023 | Common Cents
For over a year the Federal Reserve has embarked on a massive interest rate hike aimed at taming record setting inflation in the wake of the Covid-19 pandemic and subsequent monetary and fiscal responses. For many people this is the first time that 7% mortgages and 5%...
by admin | Aug 27, 2023 | Common Cents
Question: After diligently maxing out my annual contributions to a Roth IRA in my early career, I am now fully phased out of the Roth IRA contribution income limit for a single taxpayer. While I still contribute to my employer sponsored retirement plan, can I truly...
