What is Cost Basis and How Does it affect me?

What is Cost Basis and How Does it affect me?

Cost basis can be a little confusing mainly because the way the tax code looks at it.  In general, cost basis is the same thing as saying what you paid for something.  If you buy a piece of property, your cost basis is the cost to accumulate that property, which may...
5 Mistakes investors are Making

5 Mistakes investors are Making

With the recent market mania in certain names, there are more and more people opening accounts to start trading in the markets.  It may appear as if there’s a lot of money to be made based on what you could be seeing on the news, but it may not be quite as easy to do...
What Do I Do with My 401K?

What Do I Do with My 401K?

https://youtu.be/95np7F8AfTg With the current economic environment, many people may find themselves between careers.  One question that seems to come up often is, what do I do with my 401K?  If you have been contributing to a 401(k) or other type of employer sponsored...
Should I Pay More on My Home or Should I save more?

Should I Pay More on My Home or Should I save more?

This question seems to be one that comes up quite often.  People seem to always ask me if they should try to pay off their home or if they should save more for retirement? Sometimes I also get the question, should I take a distribution from my IRA to pay my home off? ...
What is a Stock Split?

What is a Stock Split?

There has been a lot of hype lately surrounding companies that are announcing stock splits.   A lot of people seem to get excited over the announcement of some popular companies recently announcing a 4 for 1 and 5 for 1 stock split.  If you noticed the action in those...