RMDs Get a Small Reprieve
2022 brings new life expectancy tables. For the first time in nearly 20 years, the IRS has released updated actuarial or life expectancy tables. Those who take required minimum withdrawals (RMD) from retirement accounts
5 Things to Remember When Filing Your 2021 Tax Return
Tax filing season officially began on January 24! Given the circumstances around the pandemic and unique challenges for this tax season, the IRS offers a 5-point checklist that can help many people speed up tax
2021 Market Review & What’s to Expect in 2022
We live in interesting days. 2021 has brought us another year of ups and downs. On one level, many folks have finally felt confident enough to travel and be with family. On another level,
Proposed Tax Changes in Congress
If passed, the $3.5 trillion Build Back Better Act would alter some federal tax rates. Investors are watching the Build Back Better Act. This $3.5 trillion bill, refined through months-long negotiations, may be approaching
Are Capital Gains Taxes Changing?
Reach out if you have any concerns about capital gains taxes. There are a lot of questions about President Biden’s Build Back Better plan and potential tax law changes, including an adjustment to capital
Laying up Treasures in Heaven (1 Year of Stewardology!)
Listen on Apple Podcasts, Spotify, Buzzsprout, online, or search ‘The Stewardology Podcast’ in your favorite podcast app. Author, preacher and teacher, Randy Alcorn published a book in 2001 called the Treasure Principle. It provides a very good look
The Expanded Child Tax Credit
The federal government has upgraded its Child Tax Credit. Thanks to the American Rescue Plan Act, there are four notable differences in effect for the 2021 tax year only.1 First, the Internal Revenue Service
A Biblical Response to Capitalism
For the best experience, consider listening to this conversation to get our complete thoughts on this subject. CAPITALISM - A DEFINITION: "An economic and political system in which a country's trade and industry are
A Biblical Response to Socialism
For the best experience, consider listening to this conversation to get our complete thoughts on this subject. WHAT IS SOCIALISM - A DEFINITION: Definition of socialism (Merriam-Webster): Any of various economic and political theories
Tax Efficiency in Retirement
What role should taxes play in your investment decisions? Will you pay higher taxes in retirement? Do you have a 401(k) or a traditional IRA? If so, you will receive income from both after