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Increase in rents

Apartment rents are rising across the nation as tenants return to cities and soaring home prices push many would-be buyers out of the market. One data provider shows the median rent for a one-bedroom apartment is up 9.2% since the second quarter of 2020. Two-bedrooms...

Blockchain

Blockchain is a term you will be hearing more and more of if you haven’t already. The blockchain is bitcoin’s historical ledger of all transactions which is publicly viewable at all times by anyone, so that there can’t be any under-the-table cash transactions. This is...

Wealth Creation

“Far too many are missing out on the basic building blocks of wealth creation because of lack of knowledge, exposure and opportunity.”  Ken Zendel, CEO of the National Association of Investors There is a formula for wealth creation.  That is beyond being born into it...

Retirement Plans

Many key dollar limits on retirement plans will remain the same in 2021 over 2020. The maximum 401(k) contribution stays at $19,500. People born before 1972 can contribute an extra $6,500. These limits apply to 403(b) and 457 plans as well. The cap on SIMPLEs is...

Illinois Revenues

Illinois has collected more than $100 million in recreational marijuana tax revenue since legalizing sales Jan. 1, 2020 according to the state’s Department of Revenue. The tax revenue, which includes a cannabis tax, as well as state and local sales taxes, reflects...

Donations

A tried and true year-end planning tip has been to donate valuable property, contribute appreciated investments, such as stocks or shares in mutual funds. Provided you have owned the property for more than a year, you can generally write off the full value if you...

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