By Sam Becker June 06, 2022 Uncle Sam is feeling invigorated! After several years of taking a relatively lax approach to auditing wealthy taxpayers, the Internal Revenue Service (IRS) has evidently turned a new leaf under the Biden administration. As such, it’s stepping up enforcement, and has doubled audit rates for … Continue reading IRS audits are on the rise: Your chances are now double if you’re in this income range
Everything You Need to Make a Passive Income Strategy Work Deanna Ritchie / 13 Apr 2022 Passive income is a hotly discussed topic, and for good reason. Hypothetically, with the right passive income strategy, you could be capable of generating significant volumes of revenue every month without lifting a finger to work for it. … Continue reading Everything You Need to Make a Passive Income Strategy Work
By Talib Visram February 19, 2022 In Wales, more than 7,000 children rely on government-assisted care—whether placed in public care facilities or with foster parents, which is the case for the majority. In fact, Wales has the U.K.’s highest rate of “looked-after children”—the term used in Britain for kids in any type of … Continue reading Wales is piloting $2,100-per-month guaranteed income for former foster youth
Deanna Ritchie December 8, 2021 Knowing your steady sources of income, from Social Security to a company-sponsored retirement savings plan like a 401(k), is wise. Post-Pandemic Retirement Income Sources Social Security will be a critical—and significant—source of retirement income for many people. Like real estate, Social Security benefits, unlike most other forms of retirement income, … Continue reading Post Pandemic Retirement Income Sources
Explore High Income Tax Strategies You May Not Have Considered It is reported that Warren Buffett pays lower taxes than his own employees, and Donald Trump once only paid $750 in taxes. That is because they use high income tax strategies in order to lower their own taxes. You can too. There are a number … Continue reading Explore High Income Tax Strategies You May Not Have Considered
Deanna Ritchie November 4, 2021 Do you have enough money to retire? Are you guaranteed enough to last for the rest of your life? Are you concerned that you’ll run out of income before the end of your life? Social Security contributions are around 40% of an average wage earner’s pre-retirement earnings. If, like the … Continue reading Income Annuities Can Transform Retirement Savings Into Income
Peter Daisyme October 14, 2021 When it comes to generating passive income, several ideas and strategies get tossed around quite frequently, one of them being blogging. So the question is, can you really make passive income from a blog? In a word, yes. Four Bloggers Who Make Some Serious Cash By now, we’ve all heard … Continue reading How to Start a Blog That Actually Makes Passive Income
Chanakya Kyatham September 14, 2021 Fixed income implies an investment wherein the payments are made on a fixed schedule and of a fixed amount, either by the issuer or the borrower. However, it can also be used in another sense. This term can also be applied to an income that is derived from pensions or … Continue reading What is Fixed Income and How Does it Affect the Economy?
Deanna Ritchie July 26, 2021 Warren Buffet once said, “If you don’t find a way to make money while you sleep, you will work until you die.” And, the Oracle of Omaha isn’t exactly wrong. The Bureau of Labor Statistics reported in 2019 that 8.3 million Americans worked multiple jobs. And, 49.4 percent of married-couple … Continue reading Is an Annuity a Passive Income?
Kate Underwood July 21, 2021 Growing older comes with enough struggles — from physical aches and pains to the frequent changes in our everyday lives. However, we can make things better with strategies to maximize retirement income. How to Maximize Your Retirement Income Retirement planning can be a challenge. After all, it’s not as if … Continue reading How to Maximize Your Retirement Income: A Guide For Non-Financial Professionals