Piggy bank is asked to pay taxes. High tax and a heavy burden on business. Fees for deposits and savings. Avoidance of overpayments on taxes and audit. Inefficient use of taxpayers budget money. Introduction The Tax Cuts and Jobs Act (TCJA), better known as the Trump...
As part of the budget bill at the end of 2022, Congress passed the Secure Act 2.0. KEY TAKEAWAYS: The age to start taking RMDs increases to age 73 in 2023 and to 75 in 2033. The penalty for failing to take an RMD will decrease to 25% of the RMD amount, from 50%...
By Doug Bailey Ask an agent about the best time to buy life insurance and the answer will likely be “now” or “anytime.” But consumers watching the value of their 401(k)s decline in this inflationary era as interest rates spiral may want to know if perhaps life...
Although it makes sense to get in touch with a life insurance company to cover your dependents in the eventuality of your untimely death, there are integrity issues surrounding the insurance companies and agents. Broadly there can be 3 ways your life insurance company...
1. Consider an income policy instead of a lump sum Most people know that life cover pays out a lump sum if you die. But far less know that you can buy a cover that pays a regular tax-free income instead of a lump sum. Its official name is Family Income Benefit and is...
