Unfortunately, for those of us who live in a high tax state, the federal courts on September 30, dismissed the challenge to the $10,000 cap on the federal state and local tax (SALT) deduction.
As an independent RIA, I draw from a variety of valuable resources including TD Ameritrade, Vanguard, among others. A lot has been written about market volatility, and the effect it can have on an investor's psyche.
It might seem trivial, but how you manage your cash can have a long-term impact on your net worth.
Don't leave a lot of cash just sitting around earning nothing. Checking and savings accounts make on average 0.08%. Brokerage accounts aren't much better, and with inflation running at 1.8%, your purchasing power quickly erodes.
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