by Leif Jensen | Feb 9, 2021 | Taxes |
There is always a lot of wind from politicians to get the top 1% of taxpayers to pay their fair share of taxes. Well according to the IRS they are and have been doing just that. The tax burden on high incomers earners has increased, according to IRS statistics. The...
by Leif Jensen | Feb 8, 2021 | Retirement |
The 2021 pay-in cap for traditional IRAs and Roth IRAs stays steady at $6,000. But the income ceilings on Roth IRA pay-ins go up. Contributions phase out at AGIs of $198,000 to $208,000 for couples and $125,000 to $140,000 for singles. Also, deduction phaseouts for...
by Leif Jensen | Feb 3, 2021 | Rant |
When the next crisis hits America will still have a big challenges ahead of us. But apparently there are at least there are some promising developments. It only took a few weeks or at the time a blink of the eyes, before our already depleted strategic national...
by Leif Jensen | Feb 2, 2021 | Rant |
Candlemas was an ancient Christian tradition, when clergy would bless and distribute candles needed for winter. The candles were a representation of how long and cold the winter would be. The Germans later expanded the concept, by choosing to have the hedgehog...
by Leif Jensen | Feb 1, 2021 | Uncategorized |
Many key dollar limits on retirement plans will remain the same in 2021 over 2020. The maximum 401(k) contribution stays at $19,500. People born before 1972 can contribute an extra $6,500. These limits apply to 403(b) and 457 plans as well. The cap on SIMPLEs is...
