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Finances

Ways to avoid the new tax increase on retirement accounts

retirement accounts

Last month we discussed the SECURE Act and its projected $15.7 billion tax increase on beneficiaries of tax deferred retirement accounts (like 401(k)s, 403(bs), TSPs, IRAs, etc.). The only ones excluded from ...

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Dave Says: Landlords and duplexes

dave ramsey

Need some financial advice? Debt and income crisis? Pay off the house mortgage first? Check cashing? Taxes? Credit Cards? Check out what folks are asking Dave Ramsey.   Landlords and duplexes Dear Dave, ...

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Missouri bill to give private and public schools same minimum wage exemption

minimum wage

The Missouri House this week passed a bill that would exempt religious and private schools from the state’s minimum-wage law. In 2018, Missouri voters approved incrementally raising the state’s minimum wage to ...

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The new $15.7 billion tax on retirement accounts

retirement

We have a saying around our office that retirees are one of the highest and most unfairly taxed groups out there and with the recent passage of the SECURE Act things are ...

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Son of pastor John MacArthur charged in investment scheme

macarthur investment

Mark MacArthur, son of pastor and radio host John MacArthur, has been charged with defrauding clients in a $16 million investment scheme. The Securities and Exchange Commission charged the California-based investment advisory ...

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Don’t be victim to ‘ghost’ tax return preparers

tax scams

With the start of the 2020 tax filing season near, the Internal Revenue Service is reminding taxpayers to avoid unethical “ghost” tax return preparers. According to the IRS, a ghost preparer does ...

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Dave Says: Teaching the value of work…and money

dave ramsey

Need some financial advice? Debt and income crisis? Pay off the house mortgage first? Check cashing? Taxes? Credit Cards? Check out what folks are asking Dave Ramsey.   Dear Dave, Is it okay ...

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Trump donates salary to opioid treatment

donation

While most politicians actually become millionaires while in office, Donald Trump continues to be the only President who donates all of his salary. As has been the case since he became president, ...

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The stock market in election years: should you be worried?

stock market

A common question I’ve heard as of late is ‘what’s the stock market going to do given the upcoming election?’ Well let’s start by looking at how the S&P 500 has fared ...

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Chiefs’ Super Bowl appearance boosts Kansas City worldwide

worldwide

The city of Miami will reap an economic windfall from this year’s Super Bowl. But will the Chiefs’ worldwide exposure also benefit Kansas City? Yes, said a professor at the Missouri University ...

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Get ready for taxes: Important things to know about refunds

  As tax filing season approaches, the Internal Revenue Service cautions taxpayers not to rely on receiving their refunds by a certain date, especially when making major purchases or paying bills. Some ...

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Dave Says: Should you have renter’s insurance?

dave ramsey

Need some financial advice? Debt and income crisis? Pay off the house mortgage first? Check cashing? Taxes? Credit Cards? Check out what folks are asking Dave Ramsey.   Dear Dave, We just helped ...

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The 401(k) / IRA IQ Quiz: How safe is your retirement?

retirement

While we all love the season of giving, there is one place that many are likely giving far more than they should: the Internal Revenue Service. As we’ve pointed out in our ...

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Dave Says: The partnership, not the family, is the problem

dave ramsey

Need some financial advice? Debt and income crisis? Pay off the house mortgage first? Check cashing? Taxes? Credit Cards? Check out what folks are asking Dave Ramsey.   Dear Dave, My two brothers-in-law ...

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Stock market continues historic surge to 29,000

stock

The stock markets opened to another round of all-time highs on Friday morning as the Nasdaq Composite was on track for its 11th straight record close. Under President Trump’s re-ordering of world trade ...

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The ‘7% guaranteed’ annuity myth

One of the most common things I see when someone comes into our office for the first time if they own or have been pitched an annuity is the belief that the ...

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It’s possible to celebrate the season without debt

debt

Nearly one in 10 Americans is still paying off debt from Christmas shopping – in 2018. Even with the strongest economy in 50 years, many consumer still purchase more than they can ...

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Need to amend a tax return? Here’s what you should know

Taxpayers may discover an error after filing their taxes. They shouldn’t panic, they just need to correct it by filing an amended tax return. Here are some common reasons to file an ...

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Drop in charitable contributions tied to decline in religious affiliation

charitable

Charitable contributions are down in the United States, and faith may have something to do with it, according to Marketwatch. The share of U.S. adults who donated to charity dropped significantly between ...

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401(k) Plan Owners: Watch Out

retirement

If you are a 401(k) plan owner, imagine how you would feel if you were on a sinking cruise ship and couldn’t get off because there weren’t any life jackets or backup ...

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Dave Says – Helping is often more than just giving

dave ramsey

Need some financial advice? Debt and income crisis? Pay off the house mortgage first? Check cashing? Taxes? Credit Cards? Check out what folks are asking Dave Ramsey.   Helping is often more than ...

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Do you need help with your IRS problem?

The first IRS problem would be if you have not filed tax returns for several years.  After 3 years, the taxpayer will not get his refund if one is due him. The ...

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Beneficiary mistakes can cost a fortune

Beneficiary designations are important in determining where certain assets of an estate will end up. Many think that a will or trust is what determines where everything goes. This is not necessarily ...

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Is Wall Street paying attention to Christian investors?

wall street

Something special is took place on Wall Street this morning, says National Association of Christian Financial Consultants (NACFC) leader and co-founder Mark Minnella. At 9:30 a.m. each morning in New York City, the ...

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Dave Says – You don’t fake poor

Need some financial advice? Debt and income crisis? Pay off the house mortgage first? Check cashing? Taxes? Credit Cards? Check out what folks are asking Dave Ramsey.   You don’t fake poor Dear ...

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