Halal Investments What to do when your income reaches 7 figures

What to do when your income reaches 7 figures

Did you recently add a second comma to your bank balance? Has a recent financial event raised your net worth to the next level? It’s an exciting time, whether it’s the result of your long-term goals (e.g., from the sale of a business), a windfall transfer of wealth, or a key promotion. You’re probably already considering how to protect and manage your wealth. Estate Strategy on a New Playing Field You may already have an estate strategy in place. However, reaching a new level of wealth may be an excellent time to revisit your approach. More wealth can mean a

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Have you formalized your charitable giving strategy?

The end of the year is nearly here, which means the season of giving is upon us. Have you determined your charitable giving strategy for 2022? Being intentional in your giving benefits your charities of choice and may help manage your taxable income.  Get started To make the most of your giving strategy, first, you must determine who will be the recipient(s) of your donations. The Internal Revenue Service (IRS) only gives charitable giving tax exemptions for donations made to non-profit 501(c)(3) charities or private foundations. So before signing anything over, make sure your desired organization qualifies.1 You can only

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The Fed, largely. Its monetary policy of raising interest rates to slow inflation without triggering a recession has created a lot of uncertainty.

 Client note on volatility and inflation

If you’ve felt like stock prices have been more volatile in 2022 than in recent years, you’re right on the money. Let’s take a look. Big picture The S&P 500 has posted 81 daily moves of at least 1% through August. Of those moves, 39 have been to the upside and 42 to the downside. In this chart, we’ve highlighted 2022 to show how it compares to other years since 2000. Since the daily report was compiled, stocks have seen a few more 1% swings. Why’s this happening? The Fed, largely. Its monetary policy of raising interest rates to slow

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Real Estate Investing Firm Revising Estate Planning Strategies Azzad-Asset-Management-Revising-Estate-Planning-Strategies

Revising Estate Planning Strategies

When the rules of the game change, your tactics should follow in response to the new landscape. While estate tax exemptions have ridden an uncertain roller coaster in recent years, the rules appear to be stabilizing after the passing of the Tax Cuts and Jobs Act, prompting many to reconsider estate planning strategies. In 2017, Congress raised the estate and gift tax exemption to $11.2 million, doubling the $5.6 million that previously existed. In 2022, the estate and gift tax exemption is $12.06 million. This exemption increase means that potentially hundreds of additional American households may be able to pass

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