Finance For Musicians

11/20/2022

https://rethinking65.com/2022/11/18/making-music-empowers-seniors/

Happy to be interviewed for this article on the benefits of making music as we age! Rethinking65

Being in a band, or even just listening to music, boosts physical and mental wellbeing. (By Eleanor O'Sullivan)

03/21/2022

Music Catalogs are an important asset for recording artists. David Bowie's estate sold his catalog for $250 million, much more than all the assets he accumulated during his lifetime ($100 million).

65. David Bowie: The Financial Side Of A Music Catalog March 21, 2022Celebrity Estates, Estate Planning, Finance, Financial, InvestingAnnuity Stream, assets, Celebrity Estate, Interest Rates, Investment, Music Catalog, Wealth Managementdeadcelebrity https://media.blubrry.com/deadcelebrity/p/ins.blub...

02/10/2022

Musicians' income has struggled to keep up with inflation even before the pandemic. What about for retired musicians or those soon to retire? In my latest article for financial advisors, I share my research on inflation and asset allocation, as well as provide practical ways to create more effective retirement income strategies if inflation increases.

Advisors need to change strategies to protect retirees’ income from a very real threat of continuing inflation in the United States.

01/19/2022

You can get four free at home Covid tests by mail from the Federal government at its new site, covidtests.gov. Stay safe out there, friends! I know we are all keeping our fingers crossed that our upcoming gigs are not going to get cancelled.

https://www.covidtests.gov/

Every home in the U.S. is eligible to order 4 free at-home COVID-19 tests. The tests are completely free. Orders will usually ship in 7-12 days.

01/17/2022

Musicians: Did you earn less than $33,000 in 2021? Or $66,000 if married?

Is that's you, you could get back up to $1,000 on your taxes when you contribute $2,000 to a Roth or Traditional IRA for 2021. It's called the Saver's Tax Credit, and more musicians need to know about it! The Saver's Tax Credit can help make it easier to get started saving and investing for your future. Read all about it on Finance For Musicians:

Many musicians are eligible for the Saver's Tax Credit when they contribute $2000 to an IRA. Here's how you could get back $1000!

01/14/2022

We need a better financial education in the US today. That especially hits home for professional musicians. And that's what Finance For Musicians is all about.

01/04/2022

Are financial goals part of your New Year's Resolutions? Musicians have the skills to accomplish great things! Here's how we can help you with this process.

To succeed with your Financial New Year's Resolutions, you need more than just a Goal. Focus on the actions required to accomplish your goal.

12/30/2021

I am a columnist for Rethinking65 and they posted their most read articles for 2021. My article on using the ACA to retire early was number 1 and another on RMD strategies was 10. Musicians don't spend a lot of time thinking about retirement planning, but I hope to change that! We can all find value in seeking financial independence.

Stories on the ACA, inheritance dilemmas, how to charge clients, where to retire and interesting personalities were among our most popular.

11/15/2021

Musicians with Federal student loans take note! The Public Service Loan Forgiveness can help you if you are on an Income Based Repayment Plan. Make 120 on-time payments, and your remaining balance could be forgiven, if you have been working full-time for a non-profit organization.

New rules are making it easier to compete the loan forgiveness process.

Half a million borrowers will receive progress toward student loan forgiveness.

11/04/2021

This week, I got married! We had our wedding in Italy and I thought I'd share a few music related photos: via Giuseppe Verdi in Naples, Moonlight Sonata in Positano, Teatro La Scala in Milan, and Liszt's home in Bellagio on Lake Como! Back to financial planning on Monday - and concerts next Friday and Saturday in Dallas.

09/29/2021

Required Minimum Distributions start at age 72, but the best time to plan is years in advance! If you want greater control over your taxes and when you access your retirement funds, my new article is for you.

Starting in 2022, the IRS is making changes that will lower RMDs. You may be able to further reduce them for clients. (By Scott Stratton)