The Best IRS Tax Gift If you’re not at least 70½, you can skip this article. Forward the link to someone that is. They will appreciate your thoughtfulness. If you are at least 70½, this is for YOU. A Qualified Charitable Distribution may be THE best tax gift that the IRS has given you. At…
Below, I explain how you may be able to take money from your IRA and other retirement accounts, avoid early withdrawal penalties, and have generous options on repayment (or not). I also explain when you don’t have to take the required minimum distribution from your IRA. COVID-19-Related Distributions from IRAs Get Tax-Favored Treatment If you…
Everyone knows that the coronavirus has changed how we live, work, and play. As a result, people are spending more money and time on the internet than ever before. In fact, some experts estimate that Americans are spending 30% more money online.1 Meanwhile, social media, teleconferencing, telehealth, and mobile payment services are playing an increasingly…
From many conversations I’m hearing stories of lives changing. Fortunately, most of our clients have not been severely affected. Sadly, a few have experienced tragic changes. COVID-19 has reduced continued work as an option for many retirees. Many older workers are now facing lower Social Security benefits for a variety of reasons. Retirement accounts…
First I want to say THANK YOU to everyone who made our 2020 Shred Day a success. We couldn’t have done it without The Rare Ould Times, Dutch Bros Coffee, Chick-fil-A, Vital Records Control, the Housing and Building Association (HBA), and our setup and cleanup crew. But most of all, it wouldn’t have been a success without…
Shred Day! Well April 15th has come and gone, and July 15th is fast approaching. Do you know what that means? It means you have just one more step until you relax until next tax season… Go through your documents and prepare 3 boxes, bags, storage containers, whatever floats your boat, and bring it to our…
RESOLVED That these United Colonies are, and of right ought to be, free and independent States. So said the resolution presented before the Second Continental Congress on June 7, 1776. The Revolutionary War was already raging, but this simple statement set wheels turning that changed forever the lives of two men whose fondest dream was…
What Has COVID-19 Taught You About Nursing Homes? The COVID-19 pandemic has revealed a few things about care we probably knew but never wanted to acknowledge. Others were not as aware as they could have been about the lack of care residents in nursing homes receive. This recent catastrophe has brought to the forefront the…
Happy Father’s Day I came home Tuesday night to finish a garbage disposal repair. It’s probably over 20 years old. It went out a few days ago and the new garbage disposal had arrived. I finished the installation and went downstairs to get the vacuum to clean up my mess under the sink. As I…
What will the recovery look like? That’s the question every economist is asking. As we continue battling the coronavirus pandemic, the answer will dictate how soon life returns to normal – and what normal actually is. Check out this eBook that discusses what the post-corona recovery may look like: After you have a chance to look…