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 […]
Archive for financial planning
YEAR 2021 TAX UPDATE INFORMATION
WHAT A YEAR!!! Hopefully, you have been able to enjoy some parts and you and your loved ones have been healthy and safe. There are a few issues that I wanted to alert you on as the year comes to an end. For those who received Advanced Child Tax Credit payments in 2021 the amounts […]
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 […]
CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT
I have reviewed the act and am listing a few of the features that may be of interest. The stimulus checks will be considered REBATES. The rebates will not be included in your 2020 Gross Income. The checks will be provided to individuals with 2019 adjusted gross incomes below $75,000. and joint filing taxpayer’s with […]