Stimulus Payments Won’t Increase Taxes

Posted by Richard on February 3, 2021

The second stimulus payment is not taxable income and for Social Security recipients, taxes on benefits will also not increase. The top level tax for Social Security is 85 percent of the total benefit. But not everyone is taxed that much. People with few sources of income other than Social Security aren’t taxed on their […]

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Home Prices Up On Surging Demand

Posted by Richard on

The housing market is booming and experts predict further growth in 2021 and continued record home price increases. According to Forbes, surging buyer demand, lagging supply, the ongoing economic recovery and low mortgage interest rates will continue to push home prices higher. Danielle Hale, chief economist for realtor.com, notes that price growth will likely slow […]

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Financing Home Renovations

Posted by Richard on

Home improvements and repairs are as inevitable as death and taxes – if you own a home, you’ll have to spend money to maintain and improve it to protect its value, especially if you hope to sell. According to Time, Americans spent about $400 billion on home improvements and repairs in 2019. Several types of […]

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Unexpected Money: Treat It Right

Posted by Richard on

At some point, most everyone gets a dab of money that is unexpected — or at least from a source different from payday money. You may win, inherit, or get some as a gift. And then there it is, looking lovely and fresh in the checking account. Go wild or what? People tend to treat […]

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