Business
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How to Avoid Costly IRS Penalties
Penalties on underpayments of income taxes paid quarterly rather than through paycheck withholding have recently surged, writes Laura Saunders for The Wall Street Journal. There are many groups who pay their taxes this way, including investors, retirees, business owners, and gig workers. “These charges can hit hard, so getting it right can save people hundreds…
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Mid-Year Checkup: How to Set Your Business Up for Future Success
If you feel like the first half of 2024 has flown by, you’re probably not alone. As we reach the mid-point of the year, it is always a good idea for any business to perform a checkup so they can pivot as needed to be successful in the future. Business owners — small and large…
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Conshohocken-based Hamilton Lane Buys Stake in New Jersey Pharma Company
Conshohocken-based Hamilton Lane has acquired a major stake in Cosette Pharmaceuticals, a New Jersey-based specialty pharmaceutical company, writes Jeff Blumenthal for the Philadelphia Business Journal. The private markets investment management firm is now part of a controlling faction in Cosette. Hamilton Lane bought the undisclosed share of the company from Avista Capital Partners, a New…
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Why Taylor Swift’s Career Is a Masterclass in Alternative Investment
Taylor Swift and her team are a genius organization, to be this popular for this long and put out a product that changes but keeps original fans still engaged. When artists update the type of music they create, some people drop off because it is not what they want. With Swift, she keeps those fans and…
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Financial Empowerment Takes Center Stage at Grundy Library with State and Local Support
Staff, leadership, and stakeholders of the Margaret R. Grundy Memorial Library welcomed Auditor General Timothy L. DeFoor during his “Be Money $mart” tour on Jul. 15, where he underscored the importance of public libraries and the invaluable free resources they provide to community members. With a special focus on financial literacy during the day’s event,…
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Collecting Luxury Spirits as an Investment
Demand for luxury spirits has skyrocketed in the last several years, creating a great investment opportunity that is not just for the wealthy, writes Debbie Carlson for The Wall Street Journal. The Luxury Brand Index created by the Distilled Spirits Council of the United States, which determines demand for high-end spirits, increased by an average…
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6 Home Improvements to Cool Your Home and Cut Your Energy Bills
As temperatures soar and summer settles in, you may be wondering how you can cool your home for less. By implementing strategic home improvements, you can reduce your reliance on air conditioning. Here are some smart upgrades and tips to enhance the cooling efficiency of your home. Make Sure Your Home Is Well-Insulated Proper insulation…
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I Don’t Want To Pay Taxes: There Is an ‘Alt’ For That
Typically people begin worrying about taxes as their W-2s start to come in. But, to better prepare for next year’s taxes, now is the time to begin planning, and there is one type of alternative investment that comes into favor. If you want to reduce your taxes, you have a few choices. You could reduce…
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First Commonwealth Bank Closes Branch in Doylestown Amid Exit from Philadelphia Market
Doylestown is saying goodbye to First Commonwealth Bank as the Pittsburgh-based bank exits the Philadelphia market, writes Jeff Blumenthal for the Philadelphia Business Journal. The branch was acquired in February 2023 through the acquisition of Harrisburg-based Centric Financial Corp. Centric had opened the Doylestown location in 2015 and the Devon branch in 2019 as…
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Boost Your Tax-Sheltered Roth Accounts Using These Lesser-Known Paths
If you are looking for ways to boost your Roth IRA or Roth 401(k), these lesser-known paths can help you get around the roadblocks, writes Laura Saunders for The Wall Street Journal. These paths are useful for savers who are attempting to move more dollars into their Roth accounts before the end of 2025, when…
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3 Ways to Utilize a Reverse Mortgage to Strengthen Your Financial Situation
Reverse mortgages can often be a misunderstood financial option for many consumers. One of the many reasons: since you must be 62 to obtain a reverse mortgage, consumers don’t get as much experience early on in their financial journeys as they would with credit cards or student loans. Driving this point home, a recent WSFS…
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For Some Retirees, Real Estate Is Right Choice for Their 401(k)
Some investors are choosing to forego Wall Street on their road to retirement and are instead putting their money in real estate as their 401(k), write Veronica Dagher and Anne Tergesen for The Wall Street Journal. Instead of relying on the stock market to secure their future, real-estate retirees prefer the steady income they receive…
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Penn Community Bank Welcomes New Commercial Banking Team Leader Zac Collins
Zac Collins has joined Penn Community Bank as SVP – Commercial Banking Team Leader, bringing his 30 years of industry experience to further the Bank’s mission of delivering solutions that genuinely serve the best interests of individual and commercial customers. In his new role, Collins will lead a team focused on Commercial and Industrial (C&I) Banking…
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Budgeting for Homeownership: Additional Costs Beyond the Down Payment
Congratulations! You’ve found the perfect house and are ready to make an offer. But before you place that bid, there are some additional expenses to consider that go beyond the down payment. To ensure a smooth transition into your new home and avoid any financial surprises, let’s explore some other expenses to factor into your…
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Firstrust Bank Sponsors Southampton Days 4th of July Parade
Firstrust Bank, a family-owned financial institution with a 90-year legacy of fostering trust and stability through generations, is once again sponsoring the Southampton Days 4th of July Parade in Bucks County. Beginning at 9:30 AM, the parade will form at Jaymor Road in Southampton and proceed north on Second Streek Pike, before ending at Klingler…
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Should You Wait for Rates to Come Down Before Buying a Home?
If you’ve been wondering whether you should wait for mortgage rates to come down before you buy a house, you’re not alone. High rates and home prices have made many prospective buyers decide to sit out of the housing market. Over the past few years, we’ve seen mortgage rates climb from as low as three percent…
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TD Bank’s Bensalem Location Among 20 Branches Closing in 2024
TD Bank plans to close 20 more branches, including one in Bucks County, as part of a broader strategy to build the “bank of the future,” writes Jeff Blumenthal for the Philadelphia Business Journal. The closures, filed with the Office of the Comptroller of the Currency, bring TD’s total closures this year to 53, following…
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Meridian Bank Supported Paoli Hospital Foundation as the Title Sponsor of the 2024 Golf Classic
Meridian Bank supported the Paoli Hospital Foundation as the Title Sponsor for the 2024 Paoli Hospital Golf Classic. The event took place on May 16 at Applebrook Golf Club (100 Line Road, Malvern) with a full course of golfers and sold-out sponsorships. Proceeds from the Golf Classic benefitted the Paoli Hospital Inpatient Room Expansion —…
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