How To Calculate Mortgage Interest Deduction If It’s Over The Max

18 Comments / Taxes / By

The mortgage interest deduction is a positive benefit for homeowners. This itemized deduction allows homeowners to subtract mortgage interest from their taxable income, thereby lowering the amount of taxes they owe. The current maximum mortgage interest deduction is based on a $750,000 mortgage amount. Before the Tax Cuts And Jobs Act (TCJA) passed in December […]

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The Diversity Hire Dilemma: How To Get Paid Based On Identity, Not Merit

27 Comments / Career & Employment / By

Now that the Supreme Court has outlawed affirmative action in college admissions, it’s time to look at the next layer of affirmative action: getting a job based on identity versus merit. This is the diversity hire dilemma some of you or your children might one day face. It is part of the DEI, or Diversity,

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A Recession Preparation Checklist To Survive Bad Times

26 Comments / Investments / By

Are you ready for another recession? After 11 Fed rate hikes, a record-long inverted yield curve, and increasing layoffs, it seems inevitable another recession is just around the corner. Don’t wait until it’s too late to prepare. There may be more regional bank failures lurking. If so, mass layoffs will spread across multiple industries, not

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What Is Dual Agency? And Why Some Real Estate Agents Hate It

25 Comments / Real Estate / By

Dual agency is when a real estate agent represents both the seller and buyer. Personally, I’ve bought bought three homes using a dual agent before. I simply found each listing online, built a relationship with the listing agents, and convinced them to represent me to save on the purchase price. In the end, I believe

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When Will The Fed Cut Interest Rates? A Forecasting Exercise

14 Comments / Investments / By

Investors and particularly homebuyers are wondering when will the Fed finally start cutting rates? After 11 rate hikes so far since 2022, investors and homebuyers are starting to feel the strain of higher borrowing costs. The longer the Fed Funds rate stays high, the more negative impact it will have on the economy. Ideally, the

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Replacement Cost Versus Actual Cash Value Home Insurance

19 Comments / Insurance / By

Home insurance costs are going up due to rising home prices, rising building costs, increasing natural disasters, and less appetite for risk from the insurance and reinsurance companies. As a result, more homeowners are looking to save by taking out an actual cash value (ACV) home insurance policy as opposed to the more common replacement

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