The Power of Compound Interest
Learn how to harness the power of compound interest for your investments.
Have A Question About This Topic?
It’s an exciting time for American investors. Recent years have seen a boom in Americans investing in the stock market, with Goldman Sachs estimating U.S. households will spend $400 billion on equities in 2021, averaging an eyebrow-raising 44% allocation of their total assets to stocks. Between new technologies (like mobile trading apps) lowering the bar to entry and “meme stock” trends raising awareness, it’s no wonder so many people are waking up to the power and potential of investing.
Check out this handy reference of updated ranges from the IRS in case your designated bracket has changed.
Understanding how capital gains are taxed may help you refine your investment strategies.