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Personal Finance

The Tax Payoff for Life Insurance

No one is saying that permanent whole life insurance is the greatest invention since the wheel was created. But this estate planning concept—which has seemingly been around since the dawning of time—does offer significant financial and tax benefits. Background: Although there are many variations of permanent whole life insurance, let’s stick with the basics. Typically, [...]

By |2023-07-31T13:28:51+00:00July 31st, 2023|Personal Finance|0 Comments

20 Tips for Working From Home

Maintain Regular Hours...Most of the Time Set a schedule and stick to it...most of the time. Having clear guidelines for when to work and when to call it a day helps many remote workers maintain a work-life balance.  That said, one of the best benefits of remote work is flexibility when the job allows for it. [...]

By |2023-07-17T12:54:50+00:00July 17th, 2023|Personal Finance|0 Comments

Economic update for the week ending June 24, 2023

Stock markets ended the week lower - Stock markets ended a multi-week winning. The Nasdaq had closed higher for nine straight weeks. The Bank of England raised rates by 1/2% which surprised economists. U.S. Federal Reserve Chairman Powell testified in Congress this week. He stated that further rate hikes would be necessary. These moves ignited recession [...]

By |2023-06-26T13:56:09+00:00June 26th, 2023|Personal Finance|0 Comments

IRS Says State Issued Stimulus Payments are Not Taxable

The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns. After several days of requests by taxpayers, state agencies and the National Taxpayer Advocate, the Internal Revenue Service has provided clarifying the federal tax status [...]

By |2023-02-13T13:42:43+00:00February 13th, 2023|Personal Finance|0 Comments
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