Posted on February 2, 2024

The CTA is a law that requires business entities it identifies as reporting companies to disclose certain information about the company and its owners to the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Under the CTA, a reporting company is a corporation, limited liability company (LLC), or other similar entity created by… read more

Posted on February 1, 2024

Over three-quarters of the respondents in Fidelity’s 2021 American Caregivers Study understood how difficult taking care of a disabled family member was. They insisted they had no other choice and that the decision was more emotional than practical. Their devotion still takes a toll on their stress levels and own retirement planning, though. At times, they… read more

Posted on February 1, 2024

The beginning of the new year is the time for taxpayers to start gathering their documents for filing their 2023 returns. And the IRS has announced some important enhancements taxpayers should be aware of to ease the yearly burden. It’s hoped taxpayers will find that the enhancements made by the IRS to the online filing… read more

Posted on January 31, 2024

Below are federal payroll tax rates and benefits contribution limits for 2024. Social Security tax In 2024, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2023. The Social Security wage base is $168,600 for employers and employees, increasing from $160,200 in 2023. Self-employed people must pay 12.4% on the first $168,600. Medicare tax In… read more

Posted on January 6, 2024

Most mortgage lenders reserve their lowest rates for borrowers with FICO credit scores of 800 or higher. But what if your score is significantly lower? What are some reasons explaining why you are stuck with a FICO score of 620, 660 or 680? The answers can be found in your credit reports. You have three… read more

Posted on January 5, 2024

There is no shortage of opportunities for those inclined to provide their time and effort for volunteering. These opportunities exist at every nonprofit organization for both retirees and younger generations. Define opportunities The first step is to work out what motivates you, what you want to do and when you will be available to do… read more

Posted on January 4, 2024

I say “Choose a guardian for your children,” and your knee-jerk answer is your parents or a very close friend. How about choosing alternates in case your first choice is unable to take on the role? What attributes do you want in a guardian? A married twosome—Seems like a stable arrangement, but divorce happens. Which… read more

Posted on January 3, 2024

ON A PERSONAL NOTE … The Legendary Count Basie Orchestra! Don’t miss this epic event on Monday, February 5th presented by my alma mater, the U of L School of Music. I’ll be there and I wanted to share the event details. “The University of Louisville School of Music proudly presents the 29th annual African… read more

Posted on December 1, 2023

Wishing the happiest of holidays to all of our clients, colleagues and friends  … and a new year of peace, health and joy.

Posted on December 1, 2023

To find meaning in retirement, consider becoming a teacher. This change need not necessarily involve training young people to take exams in a traditional context. The activity can take place in a classroom one-on-one. From kindergarten to high school to college level, from leisure activities and hobbies to sports, all offer opportunities to enrich others’… read more