It's that time of year again when most General Motors employees are eligible to receive their annual profit-sharing check at the end of February (2026). This year, approximately 47,000 U.S. hourly workers will receive $10,500 in profit-sharing. Although this is the lowest profit sharing since 2022, this is a major annual event for many General Motors employees.
Each year, millions of Americans file their income taxes with the federal government to reconcile their tax bill. While tax season comes and goes every single year, the best time to file your tax return depends on several factors. Most of which have to do with what kind of documentation you need and your personal situation. The IRS generally starts accepting returns in late January, with the typical annual tax filing deadline being April 15th. There is no right or wrong answer as to when you should file your personal income tax return, but there are several factors to think about. Below, we will look at different filing times and best practices to consider.
When it comes to planning for your education, there is no better vehicle than a 529. A 529 is a tax-advantaged account designed to help pay for education. 529 Plans grow tax-deferred, and withdrawals are tax-free if they are used for qualified educational expenses. The downside if proceeds are not used for qualified educational expenses, any earnings will come out as ordinary income and a 10% penalty is tacked on. However, recent legislative changes now allow for greater flexibility with leftover or unused 529 plan funds!
It’s natural to feel concerned when you see the value of your investments or even the world change rapidly. Think of everything we have been through over the past five years! However, emotional reactions to market changes can lead to poor financial decisions...
There are a number of ways to describe the stock market when it is down. Bear Market, Correction, Bubble Bursting, Oversold, Downward Volatility, but rarely do you hear the word “opportunity” in unison with the former. Of course, what I am talking about is Tax Loss Harvesting.
It's that time of year again when most Stellantis (formally Chrysler) employees will be eligible to receive their annual profit-sharing check on March 7, 2025. This year, approximately 38,800 U.S. hourly workers will receive up to $3,780 in profit-sharing. This is a major annual event for most Stellantis employees.
General Motors employees will be eligible to receive their annual profit-sharing check in February. This year, approximately 45,000 U.S. hourly workers will receive up to $14,500 in profit sharing. Here are the 4 steps you should take once you receive this check.
Many moons ago, I was a Personal Finance Planning major at Central Michigan University. I distinctly remember in the Spring of 2012, my finance class had a competition amongst my peers to see who could make the most money in a trading simulation system. At the time, gold was trading at all-time highs. It was the “hot” asset class that was outperforming everything else. The code was cracked (buy gold), and I was destined to be the top performer. Alas, it was not to be, but it got me thinking. With all of the recent headlines of gold hitting all-time highs and the infatuation from the consumer: Is gold really an asset class for the long term?