May 29, 2018
Tax Tip Tuesday Financial Blog Post

Tax Breaks for Members of the Military

As Americans wrap up celebrating Memorial Day, the IRS wants to give those serving in the military a little extra education about the unique nature of their taxes. Members of the armed forces are often eligible for certain tax breaks. For example, special military-only rules mean military families are exempt from taxes on certain types of income, might pay less in taxes, or could have more time to file and pay their taxes.
September 9, 2017
what is the debt ceiling

What is the Debt Ceiling and its Impact on the Economy

Much has been said about the ever-contentious battle over the debt ceiling. Yet, you might be asking what the big deal is? To understand the importance of the debt ceiling, you need to understand what it is, to begin with. The debt ceiling limits the amount of money a country can borrow. Created in 1917 during World War I to keep the President in check fiscally, it has obviously since continued on an upward path. The reason it is so key to our economy is the U.S. runs the risk of defaulting on their debts to foreign entities if it is not raised.
July 4, 2017

The Broker that Helped Free the Colonies

Today as we celebrate our independence, it’s easy to think of those founding fathers, like Franklin, Washington, Jefferson, or Hancock, that we attribute so much of our country’s success to. However, there’s one name you probably haven’t ever heard of, yet his role in our freedom was instrumental in so many ways, Haym Salomon. He is the broker that helped free the colonies. His contribution included making sure the Continental Army received the necessary financing to keep going during the American Revolution. Not only did he keep the money rolling in to prevent them from throwing in the towel, but he also helped found the country’s first national bank, the Bank of North America. Born in Poland in 1740, Salomon a Sephardic Jew, traveled through Western Europe learning the ins and outs of banking and financing. Eventually, he immigrated to the colonies, just prior to the Revolution, landing in New […]
November 16, 2016

How the Presidential Election May Affect the Economy

The 2016 presidential election has been a roller coaster unlike any other in recent memory. Amidst the drama, you wonder how the outcome of the presidential election may affect the economy and your financial future. You’re not alone In a recent Bankrate poll, 61% of Americans said they think the election is the greatest threat to our economy over the next six months. That number is more than double the number of people concerned about terrorism, struggling overseas economies, and stock market decline — combined. We recognize that you and other people may be concerned or confused, so we wanted to share some perspective and historical information to help you better understand where we stand. Of course, no one can predict the future. But, we think that by looking back, you will gain a better view of what may be on the horizon. What does history tell us about presidential […]