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. […]
Archive for financial planning – Page 2
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 […]
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 […]