Category: Investing for Retirement

I just finished my 2024 tax return. This year the standard deduction for a single filer was $14,600. My reportable income was $14,2XX on federal form 1040. That means zero taxes due. The State form shows that I owe $72. This was because they added tax-exempt municipal bond fund income

There are two types of trusts: Revocable and Irrevocable. With a revocable trust the primary purpose is to provide flexibility and control over assets during your lifetime. As the grantor (the person who creates the trust), you retain the right to change the terms of the trust. An irrevocable trust

Donald Trump’s 25% tariffs on Mexico and Canada, plus a 10% increase on China, started today March 4th, 2025. Trump alleged that illicit drugs such as fentanyl continue to enter the U.S. through Mexico and Canada. But according to the U.S. Customs and Border Patrol, nearly all fentanyl seized by

The other day I had a dream that I was working for Donald Trump and was trying to ask for his opinion on something. I think it was the result of hearing all of the crazy things that come out of his mouth in the news since the election. In

Only one month into Trump 2.0 and he has given investors a lot to worry about. It seems like every time the subject of tariffs comes up the stock market has a volatile reaction. Trump says a tariff is a tax on another country and financial experts say that tariffs

Living off of your investments is no easy task especially if you have not yet applied for Social Security. I have 3 accounts that generate monthly income. My spending account generates $850. My brokerage account produces $150, and my IRA produces $2000, for a total of $3000 each month. I