Lloyd Financial Group

01/05/2022

Happy Wednesday all!
I hope everyone had a wonderful holidays!

It has been a while since I have posted, but I figured I would reach out to everyone with a quick update on very IMPORTANT tax implications for 2022.

As of January 1, 2022 there is a new tax law in place impacting the reselling of items or receipt of money via Paypal, Venmo, Cashapp, Zelle, etc. If you sell an item (even if used) or receive money through a digital currency exchange platform you may be subject to taxes on those "earnings". The threshold is $600 TOTAL per year. This is an amount most, if not all, people hit in a year simply reselling older, unused goods.

However, there is good news! There are ways to avoid or reduce these new tax implications.

1. Track your purchase and sell prices. If the purchase price on the item was more than your selling price, the sale is not subject to tax implications. Only "profits" are subject to taxes. If no purchase price is track, the full selling price is taxable.
2. When sending money via a digital platform, receiving funds via "friends and family" is not considered a taxable exchange of funds. Please note, any money sent in this fashion is not covered under the purchasing protection features these platforms offer. Please ensure you are sending money in this format to only those you trust.
3. Lastly, cash is king! An in person cash transaction is not recorded on the aforementioned digital platforms!

Let's all have a great 2022 and stay tuned for more big news to follow this year!

Disclaimer: I am not a tax professional. The above information is readily available through the IRS website or web search platforms. Please consult your tax professional for further advice.

03/06/2021

Happy Friday everyone!

I hope everyone is doing well, staying healthy, and staying wealthy! This past week has been an absolute roller coaster. The 10yr treasury surging, extreme market volatility, and so much uncertainty around every corner. What's next????

Everything would be so much easier if we had a crystal ball right? Unfortunately, this crystal ball hasn't been found yet and you have take appropriate measures to protect your wealth. It is more important now than ever to protect your wealth into retirement. If you have any questions or just want to hear another voice please reach out to me! I would cherish the opportunity to converse over strategies and ideas!

The Covid-19 aid package is on track for final Congressional approval in the week ahead. It could be a double-edged sword for markets

02/17/2021

Happy Wednesday all!

With treasury rates still compressed and bond yields still low, an annuity is a great alternative to safe and consistent growth with rates higher than bonds! If you have any old matured bonds consider moving them to a fixed or fixed indexed annuity to get the most out of your savings!

Give me a shout for ideas or to review your existing bonds make sure you are taking the best advantage of your opportunities!

Including the right annuity in your portfolio can increase long-term financial security.

02/04/2021

Happy Thursday all! What a crazy few days it has been!

What a run GME/AMC/BB/KOSS/NOK/etc had. I applaud those who despite naysayers took their profits and ran. It was, and will, always be a dangerous game running up the price of a company(ies) whom fundamentals do not support the move.

Volatility is the only guarantee in the market. If you are risk averse and want to remove some of this risk from your portfolio, feel free to reach out to me for more information!

Be smart and stay careful everyone!

GameStop's stock is tanking again on Thursday, despite the rollback of trading limits from stock trading app Robinhood.

11/17/2020

With uncertainty, comes volatility. Keep a close eye on these run-offs!

In savings and retirement you should always be prepared. The last thing any retiree should have to do is take on undue stress or potentially have to return to work to supplement a shortfall of income due to volatility in uncertainty.

Always have a plan! Ask me how to secure your financial well-being in uncertain times!

Georgia voters will determine which party controls the U.S. Senate in two January runoff elections.

11/16/2020

Happy Monday Everyone!

Excited to officially announce a new alternative to the financial services industry, Lloyd Financial Group! Lloyd FG currently focuses on Life Insurance & Annuities policies. We are always growing so be sure to stay tuned for new opportunities as services are expanded!

As Founder of Lloyd FG, I have a unique background in financial services and vast resources to ensure your life insurance, retirement income, and wealth preservation goals are met!
In the instance your Life Insurance or Annuity goals are already met, I would like to offer a FREE, no pressure, review of your current policy! During this personalized review, I will identify any potential deficiencies in your current policy or confirm all of your goals are adequately met. Equipped with experience & industry connections, I aim to simplify life insurance and retirement strategies for each client.

Please do not hesitate to reach out with any questions on how I can help you. It is never too late to secure your future and peace of mind!