Payers should check with their employers concerning Educational Assistance Programs. A simple call to the Human Resource Department asking about this benefit may save you money. Your employers can now use this program to help with your student loan obligations. This is a special provision option to help pay down student loans. It has been […]
Archive for financial planning
BEWARE OF 2023 TAX CHANGES NOW – PLAN AHEAD – GET ORGANIZED
If you have sold anything valued over $600. in 2023 using payment transactions such as credit cards, Pay Pal and/or Venmo, you will be getting a FORM 1099-K from the service at year end. […]
INVESTMENT OPPORTUNITY?? “I” BONDS
Did you know that you can invest up to $10,000. individually annually at the current rate of 9.65%? This rate has been established thru October 2022. The bonds have an annual rate consisting of a fixed rate and a semi-annual inflation rate. These funds are a low risk savings product that earn interest and are […]
HOW TO PRESERVE YOUR RMD BALANCE
We have all heard the statement “DON’T TOUCH THE PRINCIPLE”. If you need to withdraw a Required Minimum Distribution (RDM) and the entire amount is not needed at the present time, my suggestion is to transfer the funds AFTER tax to another investment account. When transferring instead of withdrawing the ENTIRE distribution you can save […]