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WILL RISING MORTGAGE RATES IMPACT THE VALUE OF YOUR HOME?
NOTE: THIS IS PART ONE OF A THREE PART SERIES. TODAY WE ARE ADDRESSING MORTGAGE RATES, AND HOW THEY COULD IMPACT THE VALUE OF YOUR HOME....

Jim Richter
Oct 24, 20235 min read


WHO IS RAY DALIO? AND WHY DOES IT MATTER WHAT HE SAYS?
Ray Dalio is one of the greatest investors of our time. He has served as co-chief investment officer of Bridgewater Associates since...

Jim Richter
Oct 10, 20235 min read


Fitch Downgrades US Debt Rating: Assessing the Ramifications
Introduction The recent decision by Fitch Ratings to downgrade the credit rating of the United States' sovereign debt could have sent...
Michael Baumeister
Aug 3, 20234 min read


The Impact of Illinois' Mandatory Retirement Plan on Employers
The final Illinois Secure Choice deadline of November 1 is less than four months away. Small businesses that have 5 or more employees...
Michael Baumeister
Jul 25, 20233 min read


Tax Season 2023: Expect smaller refunds, capital-gains bills and higher audit rates
As we head into 2023, millions of American taxpayers will need to adjust their expectations for their tax return. The stimulus checks are...

Jim Richter
Jan 19, 20234 min read


Congress Passes New Secure 2.0 Act
President Biden signed the SECURE 2.0 Act into law on December 29th of 2022. This $1.7 trillion omnibus spending bill has over 100...

Jim Richter
Jan 17, 20235 min read


IRS Suspends New 1099-K Reporting Requirements
The American Rescue Plan Act of 2021 issued a new requirement for all online payment services like Paypal, Venmo, eBay and Etsy, to issue...
Michael Baumeister
Jan 12, 20233 min read


Tax Deadlines and What You Need to Know for the 2022 Tax Season
As tax season approaches, we wanted to reach out and share a few important dates and deadlines for 2023. Please see the important dates...
Michael Baumeister
Jan 5, 20234 min read


The 3 Most Misunderstood Tax Effects of a Roth Conversion
We’ve written extensively about the benefits of the Roth IRA. The Roth IRA is one of the most powerful tools available for creating...

Jim Richter
Nov 10, 20225 min read


Inflation Causes Major Shifts in Tax Code for 2023
Just a few weeks after the announcement of record-breaking Social Security increases, the IRS announced their own set of record-breaking...
Michael Baumeister
Oct 27, 20223 min read


Inflation Causes Largest Social Security Increase in 41 Years
On October 13th, the Social Security Administration announced that the cost-of-living-adjustment (COLA) for Social Security benefits...
Michael Baumeister
Oct 20, 20223 min read


How Does the IRS Calculate Penalties and Interest?
The deadline for taxpayers who filed an extension this year is Monday, October 17th. Keep in mind that filing an extension does not...
Michael Baumeister
Oct 6, 20224 min read


Why Does the Federal Government Raise Interest Rates?
Federal Reserve Bank officials raised interest rates by 75 basis points last week. This was the third consecutive interest rate hike by...
Michael Baumeister
Sep 29, 20224 min read


Fourth Stimulus Payment to be Issued for Illinois Residents
Many Illinois residents will begin receiving a “fourth” stimulus payment in the coming weeks. The Illinois Family Relief Plan grants...

Jim Richter
Sep 20, 20224 min read


Mortgage Rates and the Economy
Mortgage rates surged to 6.02% this week. This is the highest rate we’ve seen on 30-year fixed rate mortgages since November 2008, and...

Jim Richter
Sep 15, 20224 min read
My COVID Story
Two weeks ago, I was driving into work on September 1st and listening to a song by CeCe Winans called “The Goodness of God.” As I was...

Jim Richter
Sep 13, 20227 min read


Student Loan Forgiveness: Your Questions Answered
On August 24, 2022, President Biden announced debt forgiveness for federal student loan borrowers. He also announced a final extension on...
Michael Baumeister
Sep 1, 20225 min read


The Inflation Reduction Act
President Biden signed the Inflation Reduction Act of 2022 on August 16th. The bill is currently the most expensive climate change agenda...
Michael Baumeister
Aug 24, 20226 min read


Social Security Payments Set To Rise by $2300 Next Year
The Social Security Administration’s projected 2023 cost-of-living adjustment (COLA) is projected to hit 11.4% next year if the current...

Jim Richter
Aug 11, 20223 min read


Are We In a Recession?
A recession used to be defined as two consecutive quarters of negative Gross Domestic Production (GDP) growth, as measured by the Bureau...

Jim Richter
Aug 4, 20224 min read
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