October 2024 - Pryor Financial, LLC

VOTE: How this Presidential Election may affect your paycheck!

Leave a Comment / Financial Planning Insights / Pryor Financial

The outcome of a presidential election can have various impacts on your paycheck, depending on several factors: Tax Policies: Different candidates often have different tax proposals. Changes in income tax rates, deductions, or credits can directly affect your take-home pay. Minimum Wage Laws: If the elected president supports raising the federal minimum wage, this could […]

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How Federal Interest Rates are Affecting Your Money

Federal interest rates, set by the Federal Reserve, play a crucial role in shaping the economic landscape of the United States. These rates have a significant impact on various aspects of personal finance, influencing borrowing costs, savings returns, and investment opportunities. Understanding how interest rates affect your financial decisions is crucial for making informed choices

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Taxation without Representation

Leave a Comment / Federal Reserve, Tax Tips and Strategies, Treasury / Pryor Financial

(How the Fed and IRS determine Interest Rates & Income Taxes) The Federal Reserve (Fed) and the Internal Revenue Service (IRS) play distinct roles in the U.S. economy regarding interest rates and income taxes: Interest Rates Federal Reserve (Fed): Monetary Policy: The Fed sets the federal funds rate, which influences interest rates across the economy.

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Can Uncle Sam afford the US? Debt vs. Deficit - Pryor Financial Services

Can Uncle Sam afford the US? National Debt vs. National Deficit

Leave a Comment / Build Wealth, Financial Planning Insights, Treasury / Pryor Financial

In discussions about the economy, terms like “national debt” and “national deficit” often come up, but they refer to different concepts. Understanding these terms is crucial for grasping how government finance works and the implications for the economy. Here’s a breakdown of each term and how they differ.

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