Today we are going to talk about estate planning in the time of coronavirus. If ever there was a time for people to get their affairs in order, this is it. No one is immune from this virus. Many of us are already feeling some anxiety about the state of our estate planning and may not be sure of the things we should be doing. Todays show is about Covid-19 Estate Planning. We’re not going to talk about estate planning in its entirety. Instead we’re going to focus on what can be done right now to offer some immediate protections. Later, when there is more time, and travel restrictions have been lifted, you can come back to your estate plan and fill in the gaps. But for right now there are several things you can and should do. We know you have a lot going on in your life right now, but this is important. Today I hope to help you understand the urgency of getting certain documents done, whether you are doing it for the first time, or updating them in light of this vicious virus that now makes the possibility of serious illness and even death more real. Joining us for this discussion is Markeith Gentry who is the WNCU’s Production Assistant and makes sure Mastering Your Money is available to our listeners. Welcome back to Mastering Your Money, Markeith Gentry
Act By The End of 2020 For A Major Retirement Income Tax Break
African-American consumers spend $1.1 trillion a year. And as a consumer group, if it were a nation, would rank as the 16th wealthiest in the world. As consumers you can check the box. We have to unlock the economic and entrepreneurial power of black America.
What is your earliest memory of being happy? Do you remember that feeling being a kid on a warm summer night, the grass under your bare feet, and the freeing feeling of not having to go to school the next day? For me, being happy is being free like on those summer nights. We all want to be happy. It’s a full feeling. A feeling that connects us with others and deep into ourselves. Physiologically it’s pretty easy to understand – a chemical reaction happens in our brain, serotonin is released, and boom we feel great. Emotionally and spiritually it’s more complex. But how does money impact your happiness? Studies show that the correlation between your salary’s impact on your happiness up to $75,000, and then it peaks at $125,000. Meaning that people are increasingly happy until they make $125,000 and then they plateau. Join us for our discussion with Stacey Tisdale on Are You Happy?. Stacey Tisdale, a more than 20-year veteran TV broadcast financial journalist, and financial behavior expert, is one of the first women, and the first African-American to report from the New York Stock Exchange, in her role as a reporter/anchor for Dow Jones’ Emmy Award winning, Wall Street Journal Television.She then went on to become one of the first on-air reporters for CBS MarketWatch and business/personal finance correspondent for CBS News, The Early Show, CBS Evening News, and CBS Radio. Her latest book is The True Cost of Happiness: The Real Story Behind Managing Your Money Welcome to Mastering Your Money, Stacey Tisdale
In Raleigh-Durham NC area, people do the simple maneuver of converting your personal residence to a rental property. This maneuver brings with it many tax rules, mostly good when you know how they work
Senior tax strategies, Durham NC,Retirement Savings