Spring Clean Your Finances for Retirement Planning Success

April 20, 2018 / Scott White / Retirement

Spring Clean Your Finances for Retirement Planning Success by A. Scott White, CFP®, ChFC, CLU Spring typically brings flowers in our yards, cleaning in our houses, and taxes. For most of us, our finances could also use a yearly cleaning to allow for growth and ensure current financial planning supports our road map to retirement. […]

Retirement Transition: Living Your New Life

October 25, 2017 / Scott White / Retirement

Retirement Transition: Living Your New Life by A. Scott White, CFP®, ChFC, CLU After years of success in the workplace, you’re finally retiring. Your retirement has probably been carefully planned and anticipated, especially in the financial arena. During your working life, chances are you checked your retirement savings plan on occasion to determine its […]

Scott White Advisors

2 days ago

Though most known for another round of stimulus checks, the Consolidated Appropriations Act, 2021 (CAA 2021) that was signed into law Dec 27th also included several other areas of assistance for both individuals and businesses:• An additional $300 weekly in employment provisions for those collecting unemployment benefits, is extended through March 14, 2021• The employer tax credit for providing emergency sick and family leave has been extended through March 31, 2021.• For those who itemize deductions, the limit on the charitable gifts deduction has been increased to 100% of AGI for direct cash gifts to public charities.• The floor for deducting medical expenses has been permanently lowered to 7.5% of AGI (it was scheduled to increase to 10% in 2021).A number of provisions that are periodically extended (often a year at a time) have been extended through 2025, including:• The exclusion from gross income of discharge of qualified principal residence indebtedness• The employer credit for paid family and medical leave• The exclusion from income for certain employer payments of student loans ...

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Scott White Advisors

3 days ago

The Journal of Accountancy reported that the COVID-19 relief bill passed last month specifies that business expenses paid with forgiven PPP loans are tax-deductible. This supersedes IRS guidance that such expenses could not be deducted and brings the policy in line with what the AICPA and hundreds of other business associations have argued was Congress's intent when it created the original PPP as part of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136 (see the Dec. 3 letter from the AICPA and state societies to congressional leaders).Find out more details included at www.journalofaccountancy.com/news/2020/dec/covid-19-relief-bill-addresses-key-ppp-issues.html COVID-19 relief bill addresses key PPP issues - Journal of AccountancyPresident Donald Trump on Sunday night signed into law the $900 billion COVID-19 relief bill passed Dec. 21 by Congress. Trump had said he would not sign the bill because he wanted $2,000 stimulus checks for individuals instead of the $600 in the legislation. His signature Sunday came a day after ...www.journalofaccountancy.com ...

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Scott White Advisors

1 week ago

Fans of Southwest Florida's art festivals know the season's big advantage over most local events: the festivals already happen outdoors, where the elements help disperse the virus that causes COVID-19.But organizers haven't stopped there. They've stepped up safety precautions for this year's art-festival season. Here are the restrictions and the events you can look forward to this season according to the Fort Myers News Press. www.news-press.com/story/entertainment/2020/12/30/art-festivals-fort-myers-naples-bonita-springs-... Art festivals in Fort Myers, Naples: 2021 events guide, COVID rulesThe rules of COVID-19 are well-established by now. Wear masks. Social distance. Outside events are better than inside events. That last rule gives Southwest Florida's art festivals a big ...www.news-press.com ...

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