A person utilizing one of the seven tips for financial wellness, budgeting.

Seven Tips For Financial Wellness In 2021

Common New Year’s resolutions are to lose weight or become more active. Perhaps 2021 is the year to shift focus. Here are seven tips to help you become more financially fit. Create a budget. It’s easy to get into financial trouble if you spend more than you earn. By watching your budget more carefully, you

Utilizing depreciation to control loan forgiveness tax surprises.

Using Depreciation to Control a Loan Forgiveness Tax Surprise

Bonus depreciation and Section 179 expense can be a valuable tool to help you manage your business’ profit margin this year. Here are some thoughts to consider. The Problem Many businesses struggling during the pandemic took out Small Business Association Payroll Protection Program loans (SBA PPP loans). The SBA’s willingness to forgive these loans is

A jar of money that has been gained from choosing the best savings rate.

Ideas For Better Savings Rate

Before the housing bubble burst in 2008, you could find high yield savings accounts that were paying rates over 5.0 percent. Today? These same banks are paying less than .10 percent. So where are you supposed to put your money? Is there anywhere else you can put your hard-earned cash and generate a modest return?

An older couple with their social security benefits.

Social Security Benefits Increase in 2021

Estimated average Social Security retirement benefits starting January 2021 All retired workers in 2020 $1,523/mo All retired workers in 2021 $1,543/mo Did you know? You can increase your Social Security retirement benefits by 5-8% when you delay applying until you’re age 70. 1.6% cost of living adjustment for Social Security retirement benefits and SSI payments