Ask LLC, All Solutions Known will reveal a HUGH Announcement for Small, Medium and Large Business Owners on April 5th, 2023

 

Something very powerful will be available for my clients in just 5 days from now. I'm so excited to offer this that it is hard for me to keep it under wraps! Some of you know that I invested a few days in Atlanta a few months ago with several successful business people (who some of my readers may know) at a financial think tank. 

What I can tell you now is ...

HINT: It is designed to create an intentional approach to a successful life. The definition most agree on is to be Relationally Rich, Physically Fit and Financially Free. And I would add, Spiritually Rich as well.

If you aren't following this blog; you should. You will be the first to find out when all is announced on April 5th; and the first to take part in this HUGE opportunity if you choose to. 



Silicon Valley Bank continued to dominate headlines last week. If you missed what happened, here’s a refresher of what’s going on and how to protect your money.

 

This is an abreviated article that you'll receive weekly just for joining. I love this. These articles are well written and so valuable for anyone who wants to get ahead financially. To see the entire article, click on the image below to go to the site and join. 



 Here's the article: 
In the Markets
Markets closed the week higher on the back of mixed news about
the economy and banking industry.

Silicon Valley Bank continued to dominate headlines last week. If you
missed what happened, below is a quick refresher, of what’s going on
and how to protect your money. Stay tuned — we’ll keep you updated
on the news that impacts you.
Let’s take a closer look at the economy and what to expect next.

REFRESHER: 

Last Wednesday, Silicon Valley Bank announced they had lost money
on those bonds and that they needed to raise money to be able to
backstop customer deposits.

Worried about the bank’s health, more and more customers began to
withdraw their deposits, starting what is called a “bank run.” By Thursday,
the bank had almost $42 billion in withdrawal requests — more than it
could meet. To stem the concerns about widespread losses, the FDIC
stepped in and took control of Silicon Valley Bank.

Headlines about bank runs can ... join now to read the full article. 


The economy in focus
The Fed meets over the next two days to decide whether or not to
increase interest rates again. Their decision will ultimately come down
to the latest data — and the latest data shows inflation has gotten better.
  • The inflation rate fell to 6% in February thanks to moderate price increases for the big food, energy, and goods categories. It's been a months-long journey to get to this point,... join to read more. 

Overall, February’s inflation rate marked eight straight months of steady
declines and the lowest reading since September 2021.
What’s next? After the recent events with Silicon Valley Bank as
well as the positive developments with inflation, it’s now possible
the Fed will actually be cutting interest rates by the end of the year.
This would be a major U-turn for investors, who expected rates to
keep rising through 2023.

Take home more of your profits
Don’t forget: the tax deadline is fast approaching. Maximizing your tax
benefits doesn’t happen overnight, but it’s something you can
start working towards today.

Remember: Waiting for at least a year before you sell your investments
means you may pay less tax on them. Long-term capital gains, or profits
from selling an investment over a year after buying it are normally taxed
at a flat rate of 0%, 15%, or 20%, depending on your taxable income.

Let’s take a look at that in practice. Here are two hypothetical investors 
earning an income of $55,000 a year (each file as the head of the
household in tax year 2022):
  • Investor A invests $1,200 on the first of the year, and sells the same investment three months later for $1,500 — a $300 profit.
  • Investor B invests $1,200 on the first of the year, and sells the same investment 13 months later for $1,500 — also making a $300 profit.
After paying capital gains taxes, which investor takes home more
money?


Investor B! Even though both investors seemingly profited the same
amount from their investments, Investor B was taxed at the lower
long-term capital gains tax rate, because they held their investment
for over a year.

Since both investors make $55,000 a year, Investor A owed 12% in
short-term capital gains taxes and Investor B owed 0% in long-term
capitals taxes.

Of course, state, local and income taxes may still apply. And how you’ll
be taxed on your long-term capital gains will vary based on your income
and tax bracket, so don’t expect it to necessarily be 0%. You can learn
more about your federal income tax bracket here.
The takeaway: Holding on to your investments for a year (or more!)
means you may pay a lower long-term capital gains tax rate. In other
words, when you account for taxes, it’s clear that not all gains are
created equal.

Long-term > short-term
In many cases, it can be better to earn long-term capital gains with lower
tax rates than it is to sell within a year and owe the short-term capital
gains taxes.

Was this week’s newsletter helpful? Let us know what you think!



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Market commentary provided by Seth Wunder (Chief Investment Officer)

Contributors to this week’s newsletter:
 Casey Hollis (Managing Editor), Trevir Nath
 (Senior Writer), Caelon Smith (Investment Data Analyst), Emily Gadd (Associate Editor),
and Adam Grason (Senior Brand Designer).









How can having Affordable Legal Protection (tailored to your business) be a Cash Flow Strategy? Find out here.

All Solutions Known LLC is all about Advocacy, Branding and Cashflow Strategies. Today I'll share one of our cash flow services, LegalShield



Click on image to enlarge


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