Damon Carr

1 week ago | chicagodefender.com | Damon Carr

Let’s keep it a buck—tariffs ain’t just boring political talk for CNN and policy nerds. Nah, tariffs hit the streets, your shopping cart, and your stock portfolio like a freight train. Case in point: recent tariffs slapped on Vietnamese imports by former President Trump caused chaos in the markets, shook Nike to its core, and took a big bite out of Big Tech. If you didn’t feel it yet, hold tight—it’s trickling down fast. What is a Tariff?

2 weeks ago | newpittsburghcourier.com | Damon Carr

As the year progresses, significant tax changes loom, impacting individuals, businesses, and the IRS itself. Nobody likes talking about taxes. But like it or not, Uncle Sam STILL wants his cut! Whether you’re clockin’ in at the 9 to 5, grindin’ side hustles on the weekend, or just tryna stretch that Social Security check, tax talk is money talk. And with some major changes coming down the pipeline, this ain’t the year to tune out. This is the year to pay attention.

3 weeks ago | chicagodefender.com | Damon Carr

by Damon CarrRetirement isn’t a joke. It’s not something you wing. It’s not something you put off. It sure isn’t something you can depend on Social Security alone to carry you through. In short, for most people, retirement isn’t the life of luxury, leisure, and travel that we all fantasize about. I recently read an interesting report in “Business Insider.” “Business Insider” surveyed over 3,300 seniors, asking them what they regret most about their retirement planning. The answers?

4 weeks ago | newpittsburghcourier.com | Damon Carr

Tax time is upon us. This is the time when Uncle Sam mandates that we reconcile taxes that were collected throughout the year by way of payroll withholdings and estimated payments to see what’s rightfully due to the IRS. This year individuals have until April 15 to get their tax return prepared and their tax liability paid or suffer the consequences of penalties, interest and/or the wrath of the IRS. Many people are eagerly anticipating the largest lump sum check they’ll receive the entire year.

1 month ago | newpittsburghcourier.com | Damon Carr

Credit card debt has hit a record high of $1.17 trillion. Yet, everyone you talk to claims they pay their credit cards off every month. If that’s true, how is the balance rising? Somebody is lying! The average interest rate on credit cards is 22.80 percent, while department store cards can soar as high as 30.45 percent. Companies earn more on credit cards than they do in the stock market.