Bob's Journal
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Bob’s Journal for 11/25/21
House Approves ‘Build Back Better’ Bill With Retirement, Tax Changes The House of Representatives finally approved the much-discussed $2+ trillion-dollar spending package last week. Before you take any action, however, remember that the bill must be approved by the Senate. The Senate is likely to make changes. After that, either the House must approve the […]
Bob’s Journal For 11/18
Medicare Premiums Increase for 2022 Higher inflation and other factors are increasing the cost of Medicare, the Centers for Medicare and Medicaid (CMS) said last week when it released the inflation adjustments for 2022. The standard Medicare Part B monthly premium will increase to $170.10 in 2022 from $148.50 in 2021, a $21.60 increase. The […]
Bob’s Journal for 11/11/2021
Last Chance for ‘Mega Qualified Charitable Distribution’ Traditional IRA owners of any age have until December 31, 2021, to use what many advisors call the “Mega Qualified Charitable Distribution.” The strategy takes advantage of a law put in place during the early days of the COVID-19 pandemic that increased to 100% of adjusted gross income […]
Bob’s Journal for 11/4/21
Retirement, Estate Planning Strategies Safe from Change for Now, But for How Long? Key retirement and estate planning strategies are safe from being changed by Congress for at least a little while. Last week, after Congress failed to agree on details of the spending and tax proposals in the “Build Back Better” bill, President Biden […]
Bob’s Journal for 10/28
Bitcoin ETF is Off to a Strong Start The Securities and Exchange Commission (SEC) finally approved a Bitcoin-focused exchange-traded fund (ETF), and investors quickly took a liking to it. ProShares Bitcoin Strategy (BITO) debuted on Oct. 18 and gained nearly 5% by the end of the trading day. It rose again on its second day […]
Bob’s Journal for 10/21/21
Some Notable Events That Grabbed My Attention This Week This past Tuesday, Oct. 19, marked 34 years since the S&P 500 had what is still the largest decline in a single day. The index lost more than 20% of its value on that day in 1987. An investor who bought at the close on that […]
Bob’s Journal for 10/14
To learn the details of the changes for estates, trusts and taxes that are being considered in Congress via the Build Back Better Act, visit the new Art of Legacy Planning podcast. It is produced by David Phillips’ Estate Planning Specialists with the aid of the Durfee Law Group. Misreading the Employment Reports Last Friday’s […]
Bob’s Journal for 10/7/21
Businesses Show Confidence in the Economy Speculative-grade loans taken to pay dividends are setting records in 2021, according to S&P Global Market Intelligence’s LCD as reported in The Wall Street Journal. More than $72 billion in such loans have been taken out already in 2021, with the proceeds used to pay dividends. Though almost three […]
