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The American Consumer Is Flush With Cash After Paying Down Debt

The American Consumer Is Flush With Cash After Paying Down Debt

Almost a year into the pandemic, and we’re seeing American’s in pretty good shape financially. This may seem like a surprising statement given the current climate and widespread of lockdowns earlier in the year, but it’s true statistically. We know this doesn’t apply to all families in the same way, but it shows how strong…

Brad Sherman Named to Investopedia Most Influential Advisors

Brad Sherman Named to Investopedia Most Influential Advisors

One of the core reasons I started the company was because financial literacy and empowerment was lacking in the US education system and big firms made you believe unless you had a lot of investable assets, finding conflict-free financial advice was impossible. Investopedia is a fantastic website full of educational resources and we are honored…

These are your 2021 401(k) and IRA Contribution Limits

These are your 2021 401(k) and IRA Contribution Limits

The IRS released annual inflation adjustments for 2021 for many tax provisions on Monday, including new income tax brackets and an increased standard deduction. It also announced that contribution limits for 401(k)s and IRAs will not increase next year.  What Changed? The following limits are going up for 2021: The annual additions limit for defined…

Small Businesses Agonize Over PPP Loan Forgiveness

Small Businesses Agonize Over PPP Loan Forgiveness

The Paycheck Protection Program (PPP loan) pumped $525 billion in forgivable loans to small businesses from early April through early August. The program has been praised for saving jobs and buoying struggling businesses but criticized for its clumsy rollout, fraud, and for favoring companies with established banking relationships over underbanked ventures.  In a recent report,…

Financial Advice For Parents

Financial Advice For Parents

Raising a child in today’s world can cost hundreds of thousands of dollars. As a parent of four children ranging from ages 5 to 16, I can attest to just how expensive kids can be. Besides just the essentials like food and clothes, there are club teams, tutors, dance lessons and so much more. With…