Ahead of Memorial Day, we want to express appreciation to the brave men and women who have made the ultimate sacrifice for our freedom. Tannery Company wishes all our clients and friends a beautiful holiday weekend and let us remember those who courageously gave their lives
Not all technology is semiconductor chips and apps.
A piece of simple technology, the convex mirror, and its slogan appeared in film, a 1994 song, a 1993 album, and my favorite the 1980’s Far Side Cartoon by Gary Larson.
The phrase “objects in (the) mirror are closer than they appear” is a safety warning intended to remind how a car was closer and posed a potential problem to the driver.
Today’s we might need the same guidance as we have ridden the economic and emotional rollercoaster over the last 12 months through emotional highs, pandemic lows, and lockdowns.
Besides the change in filing date, there are three other vital areas came about as a result of the Coronavirus Aid, Relief, and Economic Security (CARES) Act,
These changes impact retirement plan relief options, charitable donation incentives, and relief available for students making student loan payments.
Key Filing Dates Have ALL CHANGED.
Please make a note of the NEW Filing requirements.
You hear from me usually every Friday… but have I ever asked
“Are out of toilet paper?”
If you have not seen the store, there is a run-on toilet paper.
This is March Madness.
We are no longer in a bull market.
US stocks are down 20%+ from their highs… which by the “official” definition, snaps their longest-winning streak in history.
The news coming out today about the coronavirus is surreal…
What do two pushups every time you go to the bathroom have to do with financial success?
Absolutely nothing and everything at the same time.
BJ Fogg kickstarted this habit and dozens of other little changes to his daily life that resulted in his losing 20 pounds and transforming his life.
His Book Tiny Habits: The Small Changes That Change Everything emphasizes that starting small can lead to big changes.
In an interview with insider.com Fogg stated ”The trick to lasting success is making sure that you pick out new behaviors and routines that you actually want to adopt, not simply those you think you should do. One of the criteria is you actually want to do it,” he said. “So that’s why it’s really easy to create them, and then there’s no reason to procrastinate.”
How do you take this idea and apply it to your financial success?
One small action at a time.
Let’s get real here. For most of us – myself included – life is fast-paced and chock full of family, relationship, and work stressors. This reality, along with the ever-increasing pressures of technology and society at large, can really take a toll on you. Emotions like these are often the most present and powerful forces in your life.
The hardest emotion to control is fear. Yoda wasn’t kidding when he said, “Fear is the path to the dark side.”
Markets have been selling off sharply this week, primarily over concerns related to the coronavirus. Meanwhile, some investors are fretting over the impending Presidential election and changing valuations in Technology companies. All these headlines can be a lot to digest.
Last week’s blog “Timeout” was a lead to the coming weeks as being focused on how to make you “wealthier”. We interrupt the planned schedule to give you the latest change to your retirement, estate, and tax planning courtesy of Congress and President Trump. These changes are going to impact all of you in your planning and financial life.
As has become usual practice, Congress passed some meaningful tax legislation as it recessed for the holidays.
THE SECURE ACT
In one of the new meaningful laws, passed on December 19, you will find the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act).
The SECURE Act made many changes to how you save money for your retirement, how you use your money in retirement, and how you can better use your Section 529 plans.
Whether you are age 35 or age 75, these changes affect you.
Here are nine of the changes.