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The Proposed “Tax Hike” on Middle Class Retiree Homeowners That No One Is Talking About.
By now you’ve probably heard quite a bit about the different economic proposals from the presidential candidates Kamala Harris and Donald Trump. While the left and right media continue to beat up each other’s proposals and even to a large extent lie about how the presidential candidates’ proposals will affect you economically, there is one…
Read MoreInherited IRA Rules & SECURE Act 2.0 Changes
Losing a loved one is always difficult. Understanding the rules of money passage during this time is especially important. One way wealth passes from generation to generation is through inherited IRAs. When it comes to these individual retirement accounts (IRAs), it’s important to understand the rules that have recently changed related to the Setting Every…
Read MoreGovernment Shutdowns, Politics and Their Affect on Your Wealth and Your Health
The Economic Impact of Government Shutdowns, Political Division and The Overall Impact on Markets, and More Importantly, You! Government shutdowns have become an unfortunate recurring event in the United States political landscape. These disruptions occur when the government’s funding is not approved by Congress, leading to the temporary closure of federal agencies and departments.…
Read MoreEvery Tax Deadline You Need To Know
Written by Riley Adams, CPA • Reviewed by Miguel Burgos, CPA Updated for Tax Year 2022 • March 2, 2023 03:06 PM The Federal Emergency Management Agency (FEMA) declared certain regions in California, Georgia, and Alabama as federally declared disaster areas due to the disaster caused by recent storms and victims of these storms have until October 16, 2023,…
Read MoreFebruary is a Great Time to File Your Taxes: Tax tips to make sure your money is working for you, not Uncle Sam
When should you file your income tax? Generally speaking, the earlier, the better, after January 1st if you expect to get a refund. If you file by the end of February, you should receive your check within six weeks. But, if you delay and file in April when the Internal Revenue Service is inundated by…
Read MoreAcquaint Grown Children with Your Financial Affairs
Many parents may feel it is unnecessary to inform their adult children about their personal, financial affairs. However, as your children grow older, it can work to your advantage—and that of your entire family— to share with them key financial, medical, and estate planning information. An awareness of important information, and knowing where to locate…
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