Learn how to make smart investment choices during your growth phase to build long-term wealth.

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Explore how GDP acts as a key economic indicator, showing a country's economic health and growth potential.

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Financial preparation for marriage starts with open conversations about budgeting. Set joint financial goals, track income and expenses, and create a plan that works for both partners to build a secure future together.

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Set a vacation budget and determine how much you need to save each month. Open a dedicated savings account and automate deposits to stay consistent. Cut back on non-essentials to reach your goal faster.

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Self-employment tax is a tax paid by individuals who work for themselves, covering Social Security and Medicare taxes.

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A 1040 form is the standard individual income tax return form used by U.S. taxpayers to report their income, deductions, credits, and calculate their tax liability.

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There are several types of 1099 forms, each used for different purposes related to reporting income. Each form serves a specific reporting purpose, and the appropriate form should be used depending on the type of income received.

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The W2 form is a document employers provide to employees that summarizes annual wages and taxes withheld. It is essential for filing your income tax return and helps ensure proper tax reporting.

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Standard deductions are fixed amounts that reduce your taxable income, lowering the amount of income subject to tax.

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Discover if tax software would be beneficial to your financial situation.

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Married couples can choose to file jointly or separately, depending on their financial situation.

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Non-taxable income refers to money that is not subject to federal income tax.

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Hiring a tax professional can simplify your tax preparation and ensure accuracy.

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Financial asset location refers to the strategic placement of different types of investments in accounts that provide the best tax advantages. For example, placing tax-efficient assets in taxable accounts and tax-inefficient ones in retirement accounts.

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Diversification is the strategy of spreading your investments across various asset classes, industries, or geographic areas. This reduces risk and helps protect your portfolio from market volatility.

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Dividends are payments made by companies to their shareholders, usually in the form of cash or additional stock.

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Capital gains and losses are calculated by subtracting the purchase price of an asset from its sale price.

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Your time horizon, the length of time until you need to access your investments—should guide your asset allocation strategy.

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Realized capital gains and losses occur when you sell an asset, while unrealized gains and losses reflect changes in the value of an asset that you still hold.

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