What is Cryptocurrency? Cryptocurrency, or crypto for short, is a type of digital currency that uses cryptography, which is the practice of writing or solving codes to protect secret information, secure and verify transactions, and control the creation of new units. Imagine you have a secret message that you want to send to your friend, to protect your message from being read by someone else you can use a code to make it unreadable. Your friend would need the key...

What happened? The failure of Silicon Valley Bank represents the largest bank failure since the 2008 financial crisis. SVB based out of Santa Clara was the 16th largest bank in the U.S. as of the end of 2022 with about $209 billion in assets. The sudden collapse of an institution of that size sent shockwaves through the sector and the economy as a whole. Many began to question the safety of their own financial institutions and started to withdraw their...

This week marks the beginning of the endgame in Washington, D.C., as Democratic Party leaders seek approval for a multitrillion-dollar legislative agenda while — at the same time — attempting to avoid an ugly battle over the U.S. debt ceiling and a potential government shutdown. On the legislative front, the range of potential outcomes remains broad. The big-ticket items at stake include a roughly $1 trillion infrastructure bill and a $3.5 trillion spending plan focused on health care, education, family...

On May 13, 2019, Governor Jay Inslee signed The Washington Long-Term Services and Supports Trust Act (LTSS) into law. This new tax will subject all W-2 Washington employees (Independent contractors, self-employed, federal employees, employees of Federally Recognized Tribe are excluded) above the age of 18 to a 0.58% tax on all wages, with no cap on the amount of income that can be taxed.

People save for retirement for years and years When the time to retire comes, efficient tax strategies are necessary to ensure a smart withdrawal from all sources of income available to you. This stage of retirement is not to be taken lightly as failure to plan could result in a disaster during your retirement years when you need your savings the most. This article was designed to help you understand the traditional and nontraditional options of withdrawing your assets. The...