Posts by Financial Design Studio, Inc.
Fill Up Those Bathtubs With Oil!
Monday witnessed one of the craziest events we’ve ever seen in financial markets. The price of crude oil dropped below zero, meaning that people would PAY you to “buy” oil. There’s actually a good reason why the price of oil can be negative, but there’s also a larger takeaway about how bad economic conditions are…
Read MoreIdentity Theft: What You Need To Know [Video]
So we are here today to talk about identity theft. It is near and dear to our hearts because we have both recently gone through something similar to this. So at the end of 2019 as I was wrapping up our budget getting ready for 2020, I noticed that right around Christmas I had right…
Read MoreInvesting: Why Are Bonds Important? [Video]
The Stockmarket has had a number of good years this past many years. So strong in fact it can be easy to forget the value of having bonds in your stock market portfolio. So why are bonds important? The stock market tends to go up and and down, go from a bull to a bear…
Read MoreWhere Do We Go From Here? Coronavirus Update
A lot is happening in response to the spread of the coronavirus. As you all know, many of us are in lock-down, working from home and hoping that these actions help “flatten the curve” on the spread of the virus. The Response We are less than one month into stay-at-home orders and school shutdowns, but…
Read MoreCARES Act: Student Loan Borrower Relief
CARES Act: Student Loan Borrower Relief Background: Along with the goal of the CARES Act putting money into the pockets of Americans, there is also help for them to keep more money in their pockets. Timing: You can reach out to your student loan lender immediately to learn what you need to do in order to…
Read MoreCARES Act: New Deductions & Charitable Contributions
CARES Act: New Deductions & Charitable Contributions Qualified Charitable Contributions – NEW Above The Line Deduction Background: This new deduction is for taxpayers that are claiming the Standard Deduction and made charitable donations. In the past, you weren’t able to deduct these donations and therefore didn’t experience any benefit. Amount & Timing: Starting with the…
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