Ask my lovely CPA, I am NOT a tax expert. But, looking at the most common tax filing mistakes, a lot of these seem like clerical errors rather than complex tax decisions. Read on to save yourself some headaches after tax season. Inaccurate Personal Information: One of the most frequent errors is entering incorrect…
Well, maybe not in love (see Romeo, Juliet, etc.) but according to – gasp! – both parties in Congress and former President Joe Biden, Social Security is getting a little fairer this year. The Social Security Fairness Act, signed into law by President Biden on January 5, 2025, ends the Windfall Elimination Provision (WEP) and…
If people are going to panic about impending tax changes, I feel it’s more productive to know WHAT you are panicking about. Herewith, is a list of some of the changes that would happen if the Tax Cuts and Jobs Act is allowed to sunset (as originally planned and signed into law) in 2026. Below…
Forget about your Fan Duel bets on who will win the Stanley Cup. In 2025, the question with real money implications (think billions) is whether or not the new administration and Congress will extend the provisions of the Tax Cuts and Jobs Act past 2026. Arguments for allowing the TCJA to sunset: Deficit reduction:…
In these dark cold days of February, how can you give yourself a quick style lift and still have plenty of money to save for Junior’s college? Fear not, I have tapped Dana Lynch, personal stylist, image consultant, and founder of elementsofimage.com, to give us practical winter fashion ideas. KS: What are some winter…
Not sure if I’ve mentioned it in this blog, but I love to ski. As a naturally uncoordinated, slow person (no, I did NOT play basketball/volleyball/competitive swimming despite being almost 6 feet tall), skiing is the only sport I’ve ever even remotely looked good doing. For fellow skiers, have a laugh while thinking about your…
Do you have fears that keep you from moving forward with your life goals? I do! I have a fear of asking businesses for donations and sponsorships for fundraisers. This stresses me out since I find myself serving on many non-profit boards where that is the principal activity. What to do to get over my…
Long winter days got you down? You are not alone! Fifteen to twenty five percent of people are thought to be affected by Seasonal Affective Disorder. Even if you don’t have all of the symptoms of SAD, winter can make you feel dreary. Since I want you to save for retirement/college/emergency funds, my recommendation for…
We are into the misery of winter now. Short, cold days, runny noses, and lumpy sweaters make you long for a beach vacation. But what if you could put that vacation money to use in your investments? What kinds of companies profit from cold weather? Remember, this newsletter is not investment advice, but some general…
Yes, a recent blog was just making fun of New Year’s Resolutions. But the new year does feel like a good time to embark on fresh starts, be it health, relationships, or money. I can only help with one. Resolution #1: Ignore all economic forecasts, prognostications, tea leaf reading, crystal ball predictions and financial…
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