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Author: Bledsoellc
Naming a Beneficiary on Your Retirement Accounts Can Help Defer Taxes Over Your Heir’s Lifetime.
Using Retirement Assets for Estate Planning - Naming a beneficiary on your retirement accounts can help defer taxes over your heir’s lifetime. A tax deferred is a tax not paid – Phil DeMuth The “stretch” provision for IRAs and Inherited…
Nothing Undermines Your financial Judgement as the Sight of Your Neighbor Getting Rich
A recent study of lottery winners shows that the classic "keeping up with the Joneses" can lead to bad financial outcomes. Something we all knew, but what was unknown is the subconscious effects it can have on our behavior. Link:…
Read More Nothing Undermines Your financial Judgement as the Sight of Your Neighbor Getting Rich
Compounding – Small repeatable actions that have outsized effects.
“Money makes money. And the money that money makes, makes money” – Benjamin Franklin Compounding is repeated actions that build on each other to produce results that are dramatically larger than you might expect. Compounding is used in saving and…
Read More Compounding – Small repeatable actions that have outsized effects.
How to Make Smarter Decisions About Money 01.25.19
Stocks recouped their earlier week losses to end flat despite weak economic numbers from China and a warning from Intel that demand was slowing. A deal from President Trump to temporarily end the U.S. government shutdown helped boost stocks on…
Read More How to Make Smarter Decisions About Money 01.25.19
How to Make Smarter Decisions About Money 01.11.19
Why You Need an Umbrella Insurance Policy An umbrella policy typically covers the same things as your home and auto policies, plus a few more, including lawsuits that arise when you're driving abroad or operating rented watercraft, or from alleged…
Read More How to Make Smarter Decisions About Money 01.11.19
How to Make Smarter Decisions About Money 12.28.18
December 28, 2018 The major U.S. indexes ended up almost 3% this week, following a week of dramatic swings. Despite the gains, the indexes are all poised for annual losses for the first time since 2008, while the S&P 500…
Read More How to Make Smarter Decisions About Money 12.28.18
How to Make Smarter Decisions About Money 12.07.18
U.S. Stocks fell sharply after the arrest of a top Chinese tech executive sparked fears of further trade and geopolitical problems between the U.S. and China. Adding to worries, the decline in oil prices over the last two months has…
Read More How to Make Smarter Decisions About Money 12.07.18
How to Make Smarter Decisions About Money 11.30.18
The child tax credit after tax reform Many people claim the child tax credit to help offset the cost of raising children. Tax reform legislation enacted last year made changes to that credit. Here are some important things for taxpayers…
Read More How to Make Smarter Decisions About Money 11.30.18
How to Make Smarter Decisions About Money 11.16.18
Tax reform affects if and how taxpayers itemize their deductions Tax reform that affects both individuals and businesses was enacted in December 2017. It’s commonly referred to as the Tax Cuts and Jobs Act, TCJA or simply tax reform. In…
Read More How to Make Smarter Decisions About Money 11.16.18