Taxes

The facts about applying for SSDI and SSDI benefits. Presented by Nicholas Wealth Management   If you cannot work due to a disability, you might be eligible for Social Security Disability Income (SSDI). These federal government payments could offer you a degree of financial relief.1   Most SSDI recipients get paid between $700-1,400 per month.…

Presented by Nicholas Wealth Management August 15th, 2022   Weekly Market Update In this week’s recap: Stocks have a warmer week as inflation cools. An improving inflation outlook buoyed investors’ spirits last week, helping lift stocks to solid gains. The Dow Jones Industrial Average advanced 2.92%, while the Standard & Poor’s 500 rose 3.26%. The…

Most people just invest for the future. You have a chance to do more. Presented by Nicholas Wealth Management   Across the country, people are saving for that “someday” called retirement. Someday, their careers will end. Someday, they may live off their savings or investments, plus Social Security.  They know this, but many of them…

Presented by Nicholas Wealth Management August 8th, 2022   Weekly Market Update In this week’s recap: Mixed week for markets; jobs on the rise. Stocks turned in a mixed performance last week as investors struggled with headlines suggesting that the Fed was unlikely to soon ease up on its current monetary tightening policy. The Dow…

Understanding mandatory retirement account withdrawals. Presented by Nicholas Wealth Management   If you are approaching your seventies, get ready for required minimum distributions. You may soon have to take RMDs, as they are called, from one or more of your retirement accounts.    You can now take some RMDs a bit later in life, which…

Presented by Nicholas Wealth Management August 2nd, 2022   Weekly Market Update In this week’s recap: Markets rally; earnings better than expected. Undaunted by another Fed rate hike and news of a contracting economy, the stock market rallied last week on better-than-expected corporate earnings. The Dow Jones Industrial Average increased 2.97%, while the Standard &…

Where do those accounts and policies end up? Presented by Nicholas Wealth Management   Some accounts have no designated beneficiary. Rarely, the same thing occurs with insurance policies. This is usually an oversight. In exceptional circumstances, it is a choice. What happens to these accounts and policies when the original owner dies?    The investment…

Presented by Nicholas Wealth Management July 26th, 2022   Weekly Market Update In this week’s recap: Markets react to dim forecast, 2Q reports. Stocks rallied last week as investor spirits lifted thanks to a better-than-expected start to the second-quarter earnings season. The Dow Jones Industrial Average gained 1.95%, while the Standard & Poor’s 500 added…

Presented by Nicholas Wealth Management July 19th, 2022   Weekly Market Update In this week’s recap: Friday rally stems week of losses. A record-high inflation report, the prospects of a more aggressive Fed, and growing recession fears sent stocks lower– though a Friday rally pared losses. The Dow Jones Industrial Average slipped 0.16%, while the…

Presented by Nicholas Wealth Management July 12th, 2022   Some retirees save a great deal of money by doing so; others do not. You want to retire, and you own a large home that is nearly or fully paid off. The kids are gone, but the upkeep costs haven’t fallen. Should you retire and keep…