JED GRAHAM 04:30 PM ET 03/17/2023 A Federal Reserve rate hike next week looks much less likely as bank stocks and the broader S&P 500 resumed their fall on Friday after a one-day reprieve. Even shares of First Republic Bank tanked, as optimism quickly faded after Thursday’s $30-billion rescue bolstered confidence. The Fed and other regulators pulled…
Month: March 2023
The 6% CD has arrived. Should you bite?
Updated: March 6, 2023 at 6:27 a.m. ET Alisa Wolfson Many high-yield savings accounts and CDs are paying more than they have in about 15 years. Thanks to rapidly rising interest rates, many reputable banks and credit unions are now offering certificates of deposit with impressive rates above 4%. And in at least two cases,…
S-Corp Benefits
If you pay yourself a reasonable salary for the services you provide to your S-corp, you will pay self-employment taxes on the salary you receive. This means that you would be responsible for paying both the employer and employee portions of Social Security and Medicare taxes on your salary. The employer portion of these taxes…