Asset allocation is the process of dividing your investment portfolio among different asset classes, such as stocks, bonds, and cash. The goal of asset allocation is to balance risk and return.

High-income earners find that their tax bill can sometimes be outrageous at the end of the year, sacrificing earnings with little to show for it.

Tax-loss harvesting is a tax strategy that allows investors to offset capital gains with capital losses. This can help to reduce your overall tax liability.

If you're looking to finance a major purchase, you're likely weighing the options of either borrowing money or dipping into your savings. But what exactly are the costs associated with each choice?