Newsletter | News Brief
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Hayflich CPAs
300 8th Street
3rd Floor
Huntington, WV 25701
May 27, 2020
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Can You Deduct Your IRA Contributions?
The traditional individual retirement account (IRA) is designed to be a tax-deductible investment in your future. But there are limits. If neither you nor your spouse is an active participant in an employer-sponsored plan …
Investopedia
You Need a Smart Tax Strategy to Get the Most Out of Your Stock Options
When the dot-com boom turned to bust two decades ago, stock options were one of the biggest pain points. As the market reached its peak …
Kiplinger
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Unemployment is nearing Great Depression levels
The unemployment drama playing out in the U.S. has drawn comparisons to the Great Depression, the worst economic downturn in the history …
CNBC
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library
Nearly 39 million have lost jobs in US since virus took hold
The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. …
ABC News
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Pre-qualified vs. Pre-approved: What’s the Difference?
You've probably heard that you should pre-qualify or be pre-approved for a mortgage if you're looking to buy property. These are two key …
Investopedia
4 Steps To Tackle The New Paycheck Protection Program Forgiveness Application
Businesses that obtained Paycheck Protection Program (PPP) loans now – as of May 15 – have a recipe to follow to have the loans forgiven …
Forbes
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FAQs on Stimulus Payments by Prepaid Debit Card
You might be one of the nearly 4 million Americans who will find a debit card in their mailbox soon. If so, don't automatically …
Kiplinger
Everything You Need to Know About Reverse Mortgages
For seniors wondering how to fund retirement, tapping the wealth you've built in your home can seem appealing. But reverse mortgages …
Money
Cartoon
"The bad news is, the market threw a wrench into your retirement plans. The good news is, you can probably sell the wrench for $10 on eBay!"
Copyright © Randy Glasbergen
Mount Everst Conquered
What Year
Edmund Hillary of New Zealand and Tenzing Norgay, a Sherpa of Nepal, become the first explorers to reach the summit of Mount Everest.
The day was May 29. What year was it?
Quote of the Week
"Every time you borrow money, you're robbing your future self."
Nathan W. Morris
Trivia
Which building is on the back of the US $50 bill?
See the answer below.
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Hayflich CPAs
300 8th Street
3rd Floor
Huntington, WV 25701
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Trivia Answer
Which building is on the back of the US $50 bill?
Answer: The US Capitol.