by Leif Jensen | Mar 16, 2020 | Investing, Money Management |
Surprise, the IRS is intensely interested in filers who transact in virtual currencies. They are requiring more disclosure. Starting with returns filed this year, people must answer on Schedule 1 of the 1040 whether they’ve received, disposed of, sold, exchanged or...
by Leif Jensen | Feb 11, 2020 | Money Management |
Bankrate’s January Financial Security Index survey reveals that just four in 10 U.S. adults (41 percent) could cover the cost of a $1,000 car repair or emergency room visit using savings. This is not surprising, since we have been hearing about these reports for...
by Leif Jensen | Feb 4, 2020 | Estate Planning, Money Management |
There is now a tightening on the distribution timeline for inherited IRAs and workplace retirement accounts. Many need to be cleaned out within 10 years of the death of the IRA owner or 401(k) participant. The exceptions allow payouts over the beneficiary’s life...
by Leif Jensen | Jan 29, 2020 | General, Money Management |
I have no idea why lately I have been intrigued with businesses that focus on targeting low income people. I know that I have seen a commercial recently that was advertising payday loans. I guess this piqued my curiosity that it was a profitable enough industry to...
by Leif Jensen | Jan 27, 2020 | Money Management, Running a Business |
A payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on a borrower’s income and credit profile. A payday loan’s principal is typically a portion of a borrower’s next paycheck. … These loans are...
by Leif Jensen | Jan 22, 2020 | General, Money Management, Running a Business |
“Banks and credit unions have become so sophisticated in driving up overdrafts that Americans now pay more in overdraft fees every year than they do for books, cereal, or fresh vegetables,” according to the Center for Responsible Lending senior researcher...
