Archive | May, 2019

Teens

Teach money management before kids go to college       

Give teens financial tools they need Too many teens get their first shot at managing money after they’re out of high school. By that time, they’re already hooked on fads, fashions and fast food. Some college-bound seniors apply for extravagant amounts of financial aid just to cover optional expenses, such as cars, clothes, concerts, electronic […]

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Washington Hotline – May 28, 2019

WASHINGTON NEWS Time for a “Paycheck Checkup” With employment in America at high levels, many two-income families and taxpayers with multiple jobs should perform a “Paycheck Checkup.” In IR-2019-97, the Service explained why these taxpayers should check their withholding amounts. Because 2018 was the first year for full implementation of the massive changes in the […]

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Washington Hotline – May 21, 2019

WASHINGTON NEWS Senators Thune and Casey Support CHARITY Act On May 15, Senators John Thune (R-SD) and Bob Casey (D-PA) introduced the Charities Helping Americans Regularly Throughout the Year (CHARITY) Act. The bill expands giving options for IRA charitable rollovers and addresses other charitable provisions. The CHARITY Act includes four major provisions. If it is […]

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Social Security Tips – May 2019

    social security tips           Have you ever looked at our Calculators page? It’s a one-stop shop for helping with questions.   www.ssa.gov/planners/calculators/   ·        Unsure of full retirement age? Use the Retirement Age Calculator. ·        Unsure if earnings will allow any payments at all? Use the Earnings Test Calculator. ·        Your client have […]

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young girl lying on grass, holding head in hands, frowning

Teach Tots How to Manage Money

Preschool, elementary ages not too early Teach tots how to manage money There’s a meltdown in a toy store somewhere at least a dozen times a day. “I want the big box!” demands the frustrated four-year-old. “You don’t have enough money for that one,” beseeches his battle-worn    mother for the third time. She holds out […]

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