Such a common phrase heard and spoken more than one can count. And for many, no words could be truer!!! After tackling one obstacle after another to achieve the American Dream, you would think that wasting Time is not an option. Then why do so many of us do just that? While raising the family,…
Read articleIf you could keep more of your earnings by paying less taxes, would you? You are not alone. If asked, most taxpayers feel over-taxed. But did you know by working with a Financial Planner you could lower your taxes and save more $. The objective of Tax planning is to identify how income is taxed,…
Read article64% of small business owners on Main Street are confident that they can survive for more than a year. https://a.msn.com/r/2/BB17PA7d?m=en-us&referrerID=InAppShare
Read articleCreate Your Personal Financial Inventory Your personal financial inventory is important, because it gives you a snapshot of the health of your bottom line. This annual self-check should include: A list of assets, including : your emergency fund retirement accounts other investment and savings accounts real estate equity education savings etc. (any valuable jewelry, such as…
Read articleSocial Security’s Board of Trustees have released their annual budgetary status of the nation’s largest entitlement program. The challenges confronting the program are no mystery, with different variables undermining the long-term solvency of the trust fund. The key takeaway from this year’s report relating to the Old-Age and Survivors Protections (OASI) – which pays month to month retirement benefits to Americans – reads: “The OASI Trust Fund reserves are projected to become depleted in 2034, at which time OASI income would be sufficient to pay 76 percent of OASI scheduled benefits.” In other words, if…
Read articleWhat Medicare covers Medicare beneficiaries may be wondering if Medicare will cover coronavirus. Here’s what we currently know about what it will cover: Medicare covers the lab tests for coronavirus. You pay no out-of-pocket costs when your doctor or other health care provider orders it. Medicare will pay lab technicians to travel to a beneficiary’s…
Read articleOn March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act to provide nearly $2 trillion of support to families and businesses during the COVID-19 pandemic. This was a massive bill with provisions that will affect nearly every part of the nation’s economy. As with any new tax law, it…
Read articleOver the last month, we have experienced extreme market volatility due to the Coronavirus contagion. To date, there have been over 10,000 deaths globally. To that end, we have also seen Central Banks employ multiple strategies hoping to calm market volatility. We now feel that we are “near the bottom” regarding the “EXTREME” market swings.…
Read articleMD House Bill 1628 On February 20, 2020, the Maryland House of Delegates introduced proposed legislation (Maryland House Bill 1628 [the Bill]) that would greatly expand the types of services subject to state sales and use tax (the Tax). Under current law, amounts charged for services, including professional services, are generally exempt from the Tax,…
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