{"id":5298,"date":"2023-06-19T15:04:06","date_gmt":"2023-06-19T15:04:06","guid":{"rendered":"https:\/\/thecbagroup.com\/?p=5298"},"modified":"2023-06-19T15:58:05","modified_gmt":"2023-06-19T15:58:05","slug":"something-old-is-new-again","status":"publish","type":"post","link":"https:\/\/thecbagroup.com\/something-old-is-new-again\/","title":{"rendered":"Something Old is New Again"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5298\" class=\"elementor elementor-5298\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-6238673 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6238673\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6d751fe\" data-id=\"6d751fe\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8a04dde elementor-widget elementor-widget-heading\" data-id=\"8a04dde\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Something Old is New Again<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-ee9336b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ee9336b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5970b55\" data-id=\"5970b55\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ab2eff elementor-widget elementor-widget-text-editor\" data-id=\"7ab2eff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3><em>Tax Beneficial Savings Alternatives<\/em><\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-b356d1f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b356d1f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-edc7a7b\" data-id=\"edc7a7b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93c6fad elementor-widget elementor-widget-image\" data-id=\"93c6fad\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"500\" height=\"200\" src=\"https:\/\/thecbagroup.com\/wp-content\/uploads\/2023\/06\/unnamed.png\" class=\"attachment-large size-large wp-image-5299\" alt=\"\" srcset=\"https:\/\/thecbagroup.com\/wp-content\/uploads\/2023\/06\/unnamed.png 500w, https:\/\/thecbagroup.com\/wp-content\/uploads\/2023\/06\/unnamed-300x120.png 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2285848 elementor-widget elementor-widget-text-editor\" data-id=\"2285848\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With the recent interest rate increases made by the Federal Reserve, it is time once again to actively manage your savings to ensure you are getting the most for your money. Here are some tips to consider.<\/p><p>\u00a0<\/p><p><b>Maximize the kiddie tax opportunity.<\/b>\u00a0Remember, the first $1,150 of your child&#8217;s unearned income such as interest and dividends is tax-free and the next $1,150 is taxed at your child&#8217;s tax rate. Leverage this information by using the Unified Gifts to Minors Act to manage a savings account in their name. Just understand that when your child reaches adulthood, the account transfers to them.<\/p><p>\u00a0<\/p><p><b>Look into tax-advantaged bonds.<\/b>\u00a0Municipal bonds, most of which are exempt from federal income tax, are starting to make a comeback. In addition, bonds within your home state may also be exempt from state taxes. So with higher interest rates, review the tax benefit of these bonds versus higher interest, taxable alternatives. But understand the underlying risks of individual bonds in case the municipality is unable to pay back the debt.<\/p><p>\u00a0<\/p><p><b>CDs are making a comeback.<\/b>\u00a0Banks are competing for your deposits once again. But what is new this time around are higher, often published, penalties for early withdrawal. So before you leap at that great rate, understand the cost if you need the funds before maturity. Also understand the true after-tax interest rate.<\/p><p>\u00a0<\/p><p><b>U.S. Treasury Securities.<\/b>\u00a0U.S. Treasury investments are generally not subject to state or local tax. So as rates go up, and if banks look uncertain to you, you may wish to consider this tax-advantaged savings alternative. And investing in Treasury alternatives is now easier than ever by visiting <a href=\"http:\/\/www.treasurydirect.gov\/\"><u>www.treasurydirect.gov<\/u><\/a>.<\/p><p>\u00a0<\/p><p>With savings alternatives at interest rates of 4% to 5%, savers now have many choices to manage their money. The key message: review your options, apply an after-tax calculation to understand your true return, and know your risks!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-1532f37 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1532f37\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-46665c4\" data-id=\"46665c4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac6a1cf elementor-widget elementor-widget-text-editor\" data-id=\"ac6a1cf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"color: black; font-size: 14px; font-style: italic;\">Article from CK Books &amp; Billing. This article has been reprinted with permission from\n<a style=\"font-size: 12px; font-weight: 600; color: green;\" href=\"https:\/\/ckbooksandbilling.com\/\" target=\"_blank\" rel=\"noopener\">CK Books &amp; Billing.<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Something Old is New Again Tax Beneficial Savings Alternatives With the recent interest rate increases made by the Federal Reserve, it is time once again to actively manage your savings to ensure you are getting the most for your money. Here are some tips to consider. Maximize the kiddie tax opportunity.\u00a0Remember, the first $1,150 of [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":5299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-5298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-tips"],"acf":[],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/thecbagroup.com\/wp-content\/uploads\/2023\/06\/unnamed.png","_links":{"self":[{"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/posts\/5298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/comments?post=5298"}],"version-history":[{"count":12,"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/posts\/5298\/revisions"}],"predecessor-version":[{"id":5313,"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/posts\/5298\/revisions\/5313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/media\/5299"}],"wp:attachment":[{"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/media?parent=5298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/categories?post=5298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thecbagroup.com\/wp-json\/wp\/v2\/tags?post=5298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}