Welcome to our new blog about personal finance. We're going to talk about everything money related so you can make better decisions when it comes to your finances.
Do you have questions? We've got answer, let us know and we'll do our best to help set you in the right direction. Don't forget to check back often!
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Coronavirus Aid, Relief and Economic Security (CARES Act)
Here is the link for the CARES Act. https://www.theincrediblepenny.com/wp-content/uploads/2020/03/FINAL-FINAL-CARES-ACT-unlocked.pdf
Stimulus Calculators
https://www.cnbc.com/2020/03/27/the-stimulus-payment-calculator-tells-you-how-much-money-you-could-get.html https://www.forbes.com/advisor/personal-finance/stimulus-check-calculator/
Small Business Tax Loophole 2020
In the midst of the Coronavirus pandemic small businesses are struggling financially. The government is rolling out relief and some of it has helped and more is on the way. The relief bills should be looked at closely including the ones for small business and individuals. One of the proposed sections for individuals may offer […]
Net Income Attributable Calculation
Net Income Attributable Worksheet Download the above net income attributable worksheet to correct your Roth IRA over contributions. Use the video to learn more about Roth IRA excess contributions and how you can fix them. In the video I also talk about the income and contribution limits for the Roth IRA.
How to calculate SIMPLE IRA contributions for the Self-Employed
If you’re confused about the SIMPLE IRA for the self-employed you have come to the right place. There is a lot of confusion on the correct formula for the SIMPLE IRA contributions for the self employed because the IRS has contradictory information on their website, publications and tax codes. I figured this out after using […]
How to reduce Debt
Use the link below to access our financial planning tool that can help you get organized and guide you through a debt savings strategy. Financial Planning Tool
IRS Form W-4
How to fill out the IRS Form W-4 2019 video tutorials.
10bii Financial Calculator
The financial calculator for your iPhone can be found here. You can use any 10bii financial calculator but some work a little differently than others. The link below is the financial calculator that I have been using for years. https://apple.co/2J5kWTQ How to calculate a car loan using the 10bii financial calculator
Why Annuities?
I don’t own an annuity and probably never will. But I still recommend them from time to time. You might be wondering how on earth can someone recommend a product or service they openly admit they won’t ever use themselves. Let’s start with the statement we hear most often about annuities, “They are not good […]