2023 Federal Tax Forms 1099-DIV – Reports ordinary and qualified dividends and short- and long-term capital gains distributions for taxable and tax-exempt accounts. 1099-B – Reports exchange and redemption activity in non-IRA accounts. 1099-R – Reports withdrawals...
Just like how you date a person before you commit to them in a relationship, it’s not a bad idea to “date” your retirement plans before you commit to a retirement lifestyle. By testing out your retirement plans, especially while you’re still working, you can alter...
No matter how out of shape you feel financially, there are steps you can take to bring yourself back to financial health. 1. 30 reps of cash Every morning, wake up and immediately log in to your checking/savings accounts. This is a great healthy habit that...
Picture it: Two founders are golfing. One proudly tells the other about their recent business exit and big financial windfall—but laments the major tax hit. The second golfer asks: “Well, did you make a charitable donation before you sold the company?” And then they...
Losing a spouse can be an overwhelming and emotional experience. While it’s possible to organize financial documents ahead of time, there’s no way to truly prepare. Unfortunately, during the grieving process surviving spouses also need to navigate the...
Last year we saw the frenzy of the 9% I Bond sweep across the country, and while the rate was attractive, as with any investment buyers need to beware. In 2022 both stock and bond markets were down double digits while I Bonds were providing a decent return, one of the...
