Month: July 2024

80/20 Rule

The Real 80/20 Rule

The Pareto principle (known as the 80/20 rule) states that for many outcomes, roughly 80% of consequences come from 20% of causes. How many times have you heard the 80/20 rule in conjunction with business, health, wealth, etc.? The implication associated with this is that 20% of your efforts produce 80% of the results. Interestingly,…
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July 24, 2024 0
Tax Nightmare

Is Your IRA a Tax Nightmare?

For many Americans, putting money back into a retirement account such as a 401(k) or traditional IRA has been their primary choice to save for retirement. After all, most company plans offer some sort of matching incentive based on what you contribute and your contributions are deducted from your taxable income. In fact, you may…
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July 17, 2024 0

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