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Continue reading Exploring Alternatives to Social Security and Medicare During Retirement
10 AM, 22 December 2022 Updated 23 December 2022
The bill is going to pass but the 1099K amendment proposed by Senators Bill Hagerty (TN, R) and Joe Manchin (WV, D) has failed. But, the IRS has granted a 1 year reprieve, so it won't be 2023 taxes are filed that this provision will kick in.
Changes are coming to our 401(k) plans. Sure, the House passed Secure 2.0 (in a bipartisan fashion with a vote of 414 to 5) last March. But, now the Senate is finally getting into the act. The Senate Finance Committee just advanced their version of the bill to the full Senate. The odds are the reconciled bill will be part of a larger fiscal bill to be passed around the November elections.
I barely remember when IRA (Individual Retirement Accounts) came into being. That came about during my first year of marriage (1974)- and, was the first chink in the armor destroying the American pension system that obtained.
Continue reading Retirement Plans- stacked for the rich and for bribing Congress
So, the CARES act. All those little changes. Today, we’ll talk about a few we haven’t really discussed.
My generation.
No, despite sharing the video above, I am not really reliving one of my favorite tunes from The Who.
I became deeply interested in the stock market back some 60 years ago.
Our class was given $ 1000 (no, not in real money) and we were to buy and sell stocks- even options (puts and calls)- over the course of a few months. The ones who had the most money at the end of the program would win an award.
Continue reading Shared Group Homes- with a Twist and a Benefit
I’ve long advocated the use of IRA’s to expand one’s business interests. The issue is that there is a VERY fine line dividing what can and cannot be done- in a legal sense.
Continue reading Self Directed Investment Retirement Accounts (SDIRA)
Not my normal sort of blog. Actually, the kind you would kind on Sequioa Seniors. (This blog no longer exists…) But, I’m writing about it because it involves economics and regulations. And, it’s the future that we did not want to see- for anyone.