SFG’s Service Heart
“Service Heart” is one of Schultz Financial Group’s core values. In addition to serving our clients, we strive to serve our community by volunteering and giving back, both as a team and as individuals.
Author: Alyssa Dalbey
Posts by Alyssa Dalbey
Muni Bonds: How to Determine the Taxable Equivalent Yield
In general, tax-free investments, such as municipal bonds, have lower yields due to their tax-exempt status. When evaluating municipal bonds as a possible investment, you must use the taxable equivalent yield. This is because the taxable equivalent yield is the return required on a taxable investment to make it equal to the return on a tax-exempt investment.
Secured Overnight Financing Rate (SOFR): The New LIBOR
SOFR (Secured Overnight Financing Rate) interest rates are beginning to accompany LIBOR (London Interbank Offered Rate) across banking institutions in America, with many institutions implementing as of Q2 2018. The move from a LIBOR-only base rate market marks an important step in correcting rate fixing between banks. This blog post explains rate fixing, the difference between SOFR and LIBOR, and the implications of this new rate.
Understanding Your Credit Score
Your credit score is used in many aspects of your life. Lenders and creditors often run your credit report and use your score to determine what kind of loans or credit to offer you. Additionally, some employers request to see your credit score as part of their hiring process. Your credit score is determined from your individual credit report, and there are five categories taken into consideration.
Planning for a Digital Legacy
Digital property is increasingly becoming a more important part of estate planning. Individuals should consider their digital property, in addition to their tangible assets, when finalizing and reviewing their estate plans.
Tax Cuts and Jobs Act: What it Means for Businesses
The Tax Cuts and Jobs Act that was passed in December 2017 features the most changes to the U.S. tax code in decades and it will impact nearly every individual and business. For businesses, tax benefits include a reduction in the corporate tax rate, increase in the bonus depreciation allowance, enhancement to the Code Sec. 179 expense, and repeal of the alternative minimum tax.