There has been considerable discussion about the $600 reporting threshold, and confusion has resulted from legislative changes and IRS delays. As we begin the new year, here is the latest information I’ve found to pass along to you all. Reporting for Third-Party Payment Networks The reporting requirements for Third-Party Settlement Organizations (TPSOs), such as PayPal, […]
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Happy New Year! I recently read that a new year gives us 365 opportunities. Think about that for a minute, and ask yourself what’s important to you this year. 2025 sped by. Before we blink, 2026 will be in the rearview mirror, too. How about we all make a pact to live fully this year?
As year-end nears, I’d like to wish you all a peaceful holiday season. This is the time of year when I enjoy reflecting on the past year, setting intentions for the year ahead, and catching up on unfinished business at home and at work. Here are some suggestions you may find helpful to try! Reflect
I’ve been posting the 12 Days of Christmas on social media this season. Each day, I’ve posted a “quick tip” about daily life and preparedness. I’m sharing each of the 12 Days here to help you get into preparedness mode as we approach year-end! 12 Days of Christmas: Daily Life Preparedness Series Day 1: Communication
It’s been some time since I’ve written about beneficiary designations. Beneficiary designations are often overlooked or forgotten, and that can result in complications for everyone. Today, let’s review why beneficiaries are important, what types of accounts typically ask you to designate a beneficiary, and what to think about when designating beneficiaries. A beneficiary is defined
Here we are at the beginning of the last month of 2025! I’ll keep it short this week as I want to make sure you have made your healthcare decisions for 2026. Deadlines are upon us! Here are the deadlines to enroll for 2026 by type of insurance. 1/ Medicare open enrollment, the latest date you
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November is National Family Caregivers Month. I couldn’t let the month close without a shout-out to caregivers everywhere. Rosalynn Carter, the former first lady, said it perfectly, “There are only four kinds of people in the world — those who have been caregivers, those who are caregivers, those who will be caregivers, and those who
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As families prepare for Thanksgiving on November 27th in the US, it’s a perfect time to give thanks! There’s something about this time of year that reminds us to pause, count our blessings, and focus on community. History.com reminds us that In 1621, the Plymouth colonists from England and the Native American Wampanoag people shared
Have you heard about the Visa-Mastercard proposed swipe settlement that was reported this week? Fortune and the AP’s Ken Sweet provide a heads-up with the details to keep us informed as individuals and businesses. Visa and Mastercard have proposed a settlement in their long-running legal dispute with merchants and retailers over how much they charge
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If you’re a senior, know a senior, or have the opportunity to become a senior, living expenses matter. As November is National Caregivers Month, planning for who cares for a senior’s expenses and overall financial responsibilities is an important conversation to have sooner rather than later. FinanceBuzz.com published an article covering potential tax savings for
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