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Displaying items by tag: income

Wednesday, 17 June 2020 06:00

Different Ways to Save on Income Taxes

The coronavirus pandemic shutdown of most of the U.S. was devastating. However, the economic is now slowly coming out of the previous mandatory lockdown orders and many predict that we will have a strong 4th quarter in 2020 and strong economic recovery in 2021. For many upper middle-class families, income taxes are one of the two highest single expenses, along with housing expenses. It’s the highest expense once your house is paid off. Let’s examine several major tax-savings options.

Saturday, 01 February 2020 12:49

Solar Tax Credit is a Very Powerful, Useful Tool

AZ is the #3 biggest state in terms of cumulative amount of solar electric capacity installed through Q3 2019. CA is #1; NC is #2; Texas is #4; and Florida is #5. The ranking is based on the equivalent number of homes supplied by solar energy. #1 CA has 26,232 Megawatts (MW) and 6,828,939 equivalent homes supplied by solar energy; #2 NC has 5,662 MW and 683,648 homes; #3 AZ has 3,913 MW and 578,323 homes; #4 Texas has 3,421 MW and 408,234 homes; and #5 Florida has 3,414 MW and 411,269 homes.

Thursday, 13 February 2020 10:53

Dementia Care Can Drive People Broke

In an October, 2019 opinion piece in the Orlando Sentinel, four MDs and former U.S. Surgeon Generals (Richard Carmona, Joycelyn Elders, Antonia Novello, and David Satcher) called dementia the “top public health crisis” in an effort to call attention to the rapid rise of the disease. “Its scale is unprecedented, and its numbers, already tragic, are growing rapidly.”

Wednesday, 11 December 2019 00:00

Plan for the Financial Catastrophe that is Divorce

A “gray divorce” is when adults ages 50 or over get divorced. According to data from the National Center for Health Statistics and the U.S. Census Bureau, the divorce rate for those 50 and up has doubled since the 1990s and tripled for those 65 and older since 1990.

Wall Street makes money either by commissions on the investments they sell or a percentage of the total assets they manage.

Wednesday, 09 October 2019 11:09

How Parenting Can Impact Retirement Income

“The Financial Journey of Modern Parenting: Joy, Complexity and Sacrifice” was conducted by Age Wave and funded by Merrill Lynch.

 

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