World’s tallest buildings

I was re-watching the “Titans Who Built America” and in the episode there was a competition as to whom was going to build the world’s tallest building, Charles Chrysler or Pierre DuPont. DuPont won with the Empire State Building, Chrysler lost with e Chrysler...

Whoopie Reserve

I was listening to the radio and an investment specialist was talking about savings.  I know it sounds very surprising. Actually, this one made some interesting points.  If you have already established your cash reserves (3 to 6 months of cash needs in case of an...

2023 SIMPLE IRA Deadline

Thinking of starting up a SIMPLE for 2023? If so time is running out for existing firms to set the plan for 2023. You have a deadline of Oct. 2. Otherwise, contributions can’t be made for 2023. SIMPLEs are plans for small firms; those with 100 or fewer employees in...

3.8% Surtax

Surprise a tax that starts to effect those who thought it was a good idea to tax the rich, it turns out they are the rich, themselves. More people each year pay the 3.8% surtax on net investment income. This tax, which was enacted as part of Obamacare, applies to...

Evil Daughter

The daughter convinced her parents that she needed funds for a fictitious legal battle. Being “good parents” and wanting to help her out, the couple withdrew $1.1 million in IRA and pension funds in 2017 and turned the money over to the evil daughter. They were taxed...

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