Rising prices seem to be at the top of everyone’s mind. From Social Security recipients wondering if the cost of living adjustments will keep up their actual expenses, businesses and employees wondering how to factor in wage increases, or everyday consumers struggling to keep their energy and food costs under wraps. Congress even joined in with concerns. Last week at the Senate Banking Committee meeting, Federal Reserve Chairman Jerome Powell told lawmakers,
My focus here is on retirement planning for the Single Woman because when she steps up to the plate looking for advice, she already faces two strikes: her financial plan has to cover more years than a man’s, and she has likely earned less and been able to save less than her male counterparts.
According to NPR’s Rob Elving “The Basics” explainer on the Debt Ceiling, congress will likely raise our nation’s imaginary borrowing “line in the sand” for nearly the hundredth time since 1917.
When taxed as an S-Corp, you pay yourself a reasonable wage, and the remaining income is a distribution that avoids FICA taxes!
As we close out the first half of the year, significant headlines continue to surround the Pandemic. Concern has shifted to the impact on the labor market, inflation, interest rates, and housing.
Estate planning can be an immense blessing to any family at a time of loss. Yet you would be hard-pressed to find any family who would rather sit around the table discussing estate planning than enjoying the day outside.
So much over the last year has felt like it belonged in a movie rather than real life. From COVID to the election, from social unrest to working and schooling from home.
If you wish to improve your financial life or enjoy well-written books then I would recommend taking the time to read “The Psychology Of Money”.
We will solve this problem using a sliding scale. Our scale will range from 10% to 30% of our annual pre-tax income.
Much like the buffet lines, the financial media served up a lot of “food” this year, not all of it of substance. In an effort to cut through to what is most important and what we need to pay attention to going forward
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