What is capital gains tax and how to reduce your bill

Capital gains tax (CGT) is in the spotlight amid concerns about what a future Labour government would do with the charge. Labour leader Keir Starmer may have “explicitly” ruled out raising income tax, VAT, corporation tax and national insurance, said the MailOnline, if he – as expected – becomes prime minister after the general election […]

Do you really need to put down 20% when buying a home? Pros and cons

The standard down payment when purchasing a home is 20% of the purchase price — but that does not necessarily mean that’s how much you have to pay.  In fact, “in 2023, the typical down payment for first-time home buyers was 8%, according to the National Association of Realtors,” said NerdWallet. Among homebuyers who had […]

What’s next for US interest rates?

The Federal Reserve left interest rates unchanged once again at its June meeting, marking the seventh consecutive time it has done so. For now, that leaves the central bank’s benchmark interest rate between 5.25% and 5.50%, where it has remained since July 2023, and which marks its highest level in 23 years. At its June […]

4 tips to make the most of your PTO

Many of us consider paid time off (PTO) a great perk of a job — but then struggle to use it when the opportunity rolls around. Perhaps you are leaving half of your vacation days on the table untouched, or maybe you are taking a holiday but spending half the time checking your email and Slack […]

Pros and cons of renting

“An Englishman’s home is his castle”, according to the old saying, reflecting the cultural importance of the home as a symbol of independence and security. For the majority of Britons, that still means owning the property they live in. “If there’s such a thing as a British dream, it’s to own the roof over your […]

Thinking about skipping out on homeowners insurance? 4 reasons not to.

As the cost of homeowners insurance goes up, the number of homeowners who are insured is going down. Currently “88% of homeowners are covered,” a decline “from upwards of 95% just a few years ago,” said Money, citing “the latest data from the Insurance Information Institute (III), an industry trade group.” It is understandable that […]

4 tips to minimize taxes when investing

Taxes are a reality you cannot escape, even when it comes to investing. While they may not be top of mind when you are focused on returns, how much you are paying in taxes can be “a significant headwind to long-term returns,” said Fidelity. By paying attention to how much of your investment income is […]

What financial moves should college grads prioritize?

You have officially made it out of college and into the real world, which brings with it a new financial reality. Even if you are excited to start bringing in a regular paycheck, you are likely also facing some new expenses as well, like rent payments and groceries — not to mention student loans. You may […]

4 tips to save as a guest this wedding season

It’s that time of year. The period from late spring to early fall — unofficially known as wedding season — can be jam-packed with nuptial-related obligations. While we all want to be there for the people we love on their big day, the reality is that attending weddings is not so easy on the budget. […]

Estate planning: when it’s time and how to do it

When you are deep in the day-to-day of life, the thought of planning for your eventual death is probably not top of mind. In fact, said Fidelity, “roughly half of Americans don’t have a will, and even fewer have an estate plan.” But coming up with a plan for your finances in the event of […]

Estate planning: when it’s time and how to do it

When you are deep in the day-to-day of life, the thought of planning for your eventual death is probably not top of mind. In fact, said Fidelity, “roughly half of Americans don’t have a will, and even fewer have an estate plan.” But coming up with a plan for your finances in the event of […]

4 tips to build an investment strategy for the long term

Adopting a long-term approach to investing is a great way to meet your future financial goals, whether that is saving for your kids’ college tuition or your own retirement. While it may seem like you need to move fast to take advantage of the stock market’s ups and downs, as it turns out, “long-term stock […]