Author - [email protected] (Jim Blankenship)

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Up to 41% of “miscellaneous” denied Social Security benefits not being reviewed
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5 Free Activities to Explore While Social Distancing
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Just Starting Out – Resources to Help With Money Stuff
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IRA Rollover Waiver Denied When Funds Used as a Loan
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Is It Time to Rethink the Emergency Fund?

Up to 41% of “miscellaneous” denied Social Security benefits not being reviewed

When the “miscellaneous” code is applied to a denied Social Security benefit, up to 41% of the time, the case is not followed-up on, per audit.

The post Up to 41% of “miscellaneous” denied Social Security benefits not being reviewed appeared first on Getting Your Financial Ducks In A Row.

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5 Free Activities to Explore While Social Distancing

During the lockdown and required social distancing it’s common to feel cooped up and restless. Finances may be strained, and we may feel the need to lockdown our own spending. During this time, and raising two daughters, it was a great way to become creative with activities that didn’t cost a thing but were a HUGE investment in building relationships. If you don’t have kids, you can still do these with friends or family. Take an adventure walk. We like to take walks frequently. However, there are times when I will set certain challenges on the walks or learning outcomes to build more into it. For example, I may tell my kids to keep a look out for coins (we find a lot), or with fall coming, gather five different leaves of trees in the neighborhood. We’ll then identify them when we get home. Sometimes, it’s identifying different birds based […]

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Just Starting Out – Resources to Help With Money Stuff

Resources for money “stuff” when you’re just starting out, fresh out of college. Includes blogs, podcasts, and video-logs.

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IRA Rollover Waiver Denied When Funds Used as a Loan

A recent PLR denied a waiver of the 60-day rollover window for a taxpayer who was using an IRA withdrawal as a short-term loan.

The post IRA Rollover Waiver Denied When Funds Used as a Loan appeared first on Getting Your Financial Ducks In A Row.

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Is It Time to Rethink the Emergency Fund?

For the longest time in wealth management the recommended amount of money to have in an emergency fund has been three to six months of non-discretionary expenses (mortgage, rent, utilities, groceries). Typically, three months was the recommendation for a single individual or married couple with dual incomes. Six months was generally for married couples with one income earner. Every so often, something comes along challenging conventional wisdom, and that can be a good thing. In this case, it’s a pandemic that’s changing how we think – about many things. The pandemic has wreaked havoc on many lives. People have been laid off, lost jobs, are working less hours, losing income. Those with emergency funds have seen them dry up, and those that didn’t have them to begin with were worse off. For the future, it may be wise to consider a longer (more money) emergency fund. For example, we can […]

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