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Now that Tax Day has come and gone, let’s discuss planning for 2023 taxes. In Comprehensive Personal Financial Planning (as routinely takes place at Van Wie Financial), there are constant trade-offs, such as between current income and retirement savings, taxes paid now vs. taxes paid in retirement, prestigious colleges vs. practical schooling, and the list […]

Our current Vice President is known for her “sincere” opinions and annoying speaking style. A recurring theme is her love of, and for, a big yellow school bus. Many of us have fond memories of yellow school bus rides, such as attending out-of-town football games on an autumn evening. But most of us are not […]

In last week’s Blog, we explained potential tax problems arising from the purchase of certain assets in an IRA, only to find out that IRS has disallowed ownership in that form. One recent example involved the purchase of a Non-Fungible Token (NFT), which we explained in some detail. When an asset such as this is […]

Move over Crypto Currency, there is a new, even harder to understand, “investment” in town. The Non-Fungible Token, or NFT, is even more ethereal than fake money residing in something called a “digital wallet” on a device that is part of a technology called “Block Chain.” Is Crypto actually currency? Not according to the IRS, […]

It’s official. ZIRP (Zero Interest Rate Policy) is dead. In fact, the Federal Reserve (FED) has raised interest rates to levels not seen in many years. Car and home buyers are getting hit hard, and at this moment the average potential buyer cannot afford a new car. This is a result of higher interest rates, […]

As we explained last week, ZIRP is an acronym for the Federal Reserve’s Zero Interest Rate Policy, which tends to divide Americans into winners and losers. Borrowers love cheap money, whereas investors and lenders lose their ability to earn a reasonable return on cash and other short-term investments. Frequently heard in our office is the […]

ZIRP is an acronym for Zero Interest Rate Policy and, until recently, a major component of American economic policy for several years. Through the Financial Crisis in 2008 and the economic shock of COVID-19 in 2000, the Federal Reserve (FED) exercised the ultimate “easy money” stance of lowering interest rates to essentially zero. (I suppose […]

Americans aged 75 and over are re-entering the workforce in large numbers, with an expected increase of 96.5% by 2030. With 10,000+ people reaching traditional retirement age daily, a large and experienced talent pool is emerging in our economy. Two general categories of post-retirement-age workers are emerging: Voluntary and Involuntary. Voluntary Senior Workers spent a […]

Tax Day 2023 has arrived, albeit a little later than usual, due to a calendar-based adjustment. Unless an Automatic Extension has been granted, which is as simple as filing Form 4868, Individual Returns are due by April 18, 2023. Regardless of Extension status, any tax owed from 2022 is also due. Adding insult to injury, […]