Maagon Wealth Builder

Maagon Wealth Builder

Helping 1st Gen Immigrants and Entrepreneu rs Reach American Dream and Build Wealth ... 🗽 American Dream Challenge Host 👨 ‍🏫 Go-to industry expert for Elite T ax Strategies and Wealth Building

Operating as usual

New Year, New Debt? 01/01/2022

New Year, New Debt?

Let’s get a fresh start…

New Year, New Debt? Your 2022 resolutions should include payi ng off bad debt and learning h ow to make good debt work f or you (and your investments)

6 Stategies to Successfully Clear Yo ur Mind | Tony Robbins 23/12/2021

6 Stategies to Successfully Clear Yo ur Mind | Tony Robbins

Regain your concentrated mind. Jo in our American Dream Challenge to lea rn how to become a wealth build er.

6 Stategies to Successfully Clear Yo ur Mind | Tony Robbins Learn how you can clear yo ur mind when under immense stress at wo rk. Take steps towards achieving all yo ur business goals with these crucial ti ps.

3 Reasons Why You Are So Stress ed About Money 22/12/2021

3 Reasons Why You Are So Stress ed About Money

Take control, be mindful of t ax burden and gain freedom back! Sta rt American Dream Challenge to get th em all back starting Jan 17 M LK Day.

3 Reasons Why You Are So Stress ed About Money Successful business owners and investors crea te assets that generate income without th em working. In fact, many times the se assets grow.

Warren Buffett Quotes 💸 | Investi ng & Finances on Twitter 21/12/2021

Warren Buffett Quotes 💸 | Investi ng & Finances on Twitter

Can’t agree more. Wows

Warren Buffett Quotes 💸 | Investi ng & Finances on Twitter “A simple rule dictates my buyi ng: Be fearful when others are gree dy, and be greedy when others a re fearful. ”

18/12/2021

Can’t agree more. Let’s light up o ur dream and soul with ❤️❤️. Ta ke American Dream Challenge to finally sta rt building wealth!

https://7dayamericandreamchallenge.com/challenge

09/12/2021

The most hardworking person I kn ow, who is a beautiful example of t he “American Dream,” is officially a US Citiz en today. I am so thankf ul for the sacrifices made by t he generations of Starrantino’s before me f or the life my brother and I ha ve been gifted. I am so pro ud to be an Italian American a nd I am so proud to be yo ur daughter Papa ♥️ 🇮🇹 🇺🇸

27/11/2021

1st gen immigrants outsmart a te am of best accountant, financial advisor a nd investment manager in 7–day American Dre am Challenge.

https://7dayamericandreamchallenge.com/challenge

22/11/2021

Are you tired of seeing yo ur American Dream drifting away or ev en not sure if it’s still possible?

Thr ee untold wealth-building secrets every American Dream er needs to know. Join the Americ an Dream Challenge now!!!

https://7dayamericandreamchallenge.com/challenge

12/02/2021
10/02/2021
09/02/2021
08/02/2021

What is the topic that peop le come to you for advice abou t??

YouTube’s new “Clips” feature lets use rs share 60-second clips of videos 05/02/2021

YouTube’s new “Clips” feature lets use rs share 60-second clips of videos

YouTube testing feature to allow vid eo clips

YouTube is testing a feature th at lets users make 60-second clips of long er videos. The feature plays the select ed segment in a loop and le ts users hit a "Watch Full Vid eo" button.

YouTube’s new “Clips” feature lets use rs share 60-second clips of videos Just like on Twitch, "clips" le ts users chop up and share sectio ns of videos.

04/02/2021

To all my friends, followers, a nd private practitioners, check out Tarun “T-Bo ne Speaks” Agarwal's live event today (Februa ry 4th) at 7pm EST. They off er valuable and entertaining content!

Link to t he event: https://fb.me/e/1X4cb3mqh

If You Want to Buy GameSt op Stock for Fun, Here’s Why Y ou Should Think Twice 03/02/2021

If You Want to Buy GameSt op Stock for Fun, Here’s Why Y ou Should Think Twice

If You Want to Buy GameSt op Stock for Fun, Here’s Why Y ou Should Think Twice

Even a single sha re of the hot stock doesn’t co me without risk

If You Want to Buy GameSt op Stock for Fun, Here’s Why Y ou Should Think Twice Even a single share of t he hot stock doesn’t come without ri sk.

Common Retirement Financial Fears and H ow to Overcome Them 02/02/2021

Common Retirement Financial Fears and H ow to Overcome Them

How to ease common concerns abo ut retirement

Thinking about retirement can be a sour ce of anxiety. However, taking these ste ps can allay common fears, such as worryi ng about running out of money a nd managing health care costs.

Common Retirement Financial Fears and H ow to Overcome Them Think through accounts and budgets to allevia te common money concerns in retirement.

29/01/2021

SmartBrief - Industry E-mail Newsletters f or Professionals

Tips for making the most of mentori ng relationships

Mentoring relationships can have a powerf ul impact on people's lives and profession al growth. Here are some suggestions f or mentors to maximize the value of the se arrangements.

SmartBrief - Industry E-mail Newsletters f or Professionals

Here are tax issues to consid er if you tapped retirement account to weath er 2020 27/01/2021

Here are tax issues to consid er if you tapped retirement account to weath er 2020

What to do if you ma de early retirement withdrawals

Last year's Coronavirus A id, Relief and Economic Security Act provid ed appealing terms for people who need ed to tap retirement accounts early to de al with the financial impact of t he pandemic. People who took advantage of th is provision now have certain decisions to ma ke.

Here are tax issues to consid er if you tapped retirement account to weath er 2020 With tax season approaching, millions of America ns who made emergency retirement plan withdrawa ls under the federal CARES Act n ow have some decisions to make.

Every Warren Buffett Needs a Charl ie Munger 25/01/2021

Every Warren Buffett Needs a Charl ie Munger

Every Warren Buffett Needs a Charl ie Munger. Online trading buddies can li ft you up when you’re feeling do wn. But real-world friends tell you wh en you’re wrong.

Every Warren Buffett Needs a Charl ie Munger Online trading buddies can lift y ou up when you’re feeling down. B ut real-world friends tell you when you’ re wrong.

Lost Passwords Lock Millionaires Out of The ir Bitcoin Fortunes 22/01/2021

Lost Passwords Lock Millionaires Out of The ir Bitcoin Fortunes

Forgotten passwords prove expensive for bitco in holders

Of the 18.5 million bitcoins in existen ce, about one-fifth is estimated to be lo st or stranded in wallets, according to Chainalys is. In some cases, investors have simp ly lost passwords, preventing them from accessi ng hugely valuable holdings.

Lost Passwords Lock Millionaires Out of The ir Bitcoin Fortunes Bitcoin owners are getting rich becau se the cryptocurrency has soared. But wh at happens when you can’t tap th at wealth because you forgot the passwo rd to your digital wallet?

PPP application dates announced 20/01/2021

PPP application dates announced

PPP application dates announced

Lenders with $1 billi on or less in assets can sta rt making Paycheck Protection Program loans Frid ay, according to the Small Business Administrati on and the Treasury Department. The applicati on window opens for all lenders Tuesd ay. Both openings apply to first- a nd second-draw loans.

PPP application dates announced Lenders with $1 billion or le ss in assets can start making Payche ck Protection Program loans on Friday, t he U.S. Small Business Administration and Treasu ry announced. The application window will op en for all lenders Jan. 19.

You Are NOT Ready to Reti re Until You Can Answer These 7 Questio ns | Kiplinger 18/01/2021

You Are NOT Ready to Reti re Until You Can Answer These 7 Questio ns | Kiplinger

Questions to consider as you prepa re for retirement

Preparing to retire means havi ng thorough understanding of financial and nonfinanci al aspects of your situation. Here a re seven questions to ask yourself, includi ng how you will spend your ti me and how you will cover t he cost of health care.

You Are NOT Ready to Reti re Until You Can Answer These 7 Questio ns | Kiplinger The obvious ones include how y ou will claim Social Security and wheth er you have enough money to reti re, but there are other issues to thi nk about as well — and so me have nothing to do with mon ey.

When to Tap Social Security: T he Sometimes Surprising Answer From Online Calculato rs 15/01/2021

When to Tap Social Security: T he Sometimes Surprising Answer From Online Calculato rs

When to Tap Social Security: T he Sometimes Surprising Answer From Online Calculators

T he conventional wisdom is to wait as lo ng as possible. But that isn’t alwa ys the best advice.

When to Tap Social Security: T he Sometimes Surprising Answer From Online Calculato rs The conventional wisdom is to wa it as long as possible. But th at isn’t always the best advice.

The ‘Small-Cap Effect’ Isn’t Dead, Aft er All 13/01/2021

The ‘Small-Cap Effect’ Isn’t Dead, Aft er All

The ‘Small-Cap Effect’ Isn’t Dead, Aft er All

New research finds that the tenden cy of smaller stocks to outperform large-ca ps over time still exists, but almo st exclusively within the S&P 500 itse lf.

The ‘Small-Cap Effect’ Isn’t Dead, Aft er All New research finds the tendency of small er stocks to outperform large-caps over ti me still exists, but almost exclusively with in the S&P 500 itself.

Financial Issues to Consider When an Elder ly Parent Moves In With You 11/01/2021

Financial Issues to Consider When an Elder ly Parent Moves In With You

Financial Issues to Consider When an Elder ly Parent Moves In With You

Make su re you understand the many budget a nd tax implications. Otherwise, it could be a l ot more costly than necessary.

Financial Issues to Consider When an Elder ly Parent Moves In With You Ask Encore: Make sure you understa nd the many budget and tax implicatio ns, says retirement columnist Glenn Ruffenach.

Paycheck Protection Program (PPP) - N YC Business 08/01/2021

Paycheck Protection Program (PPP) - N YC Business

Applications are not yet live f or a new round of the U .S. Small Business Administration's Paycheck Protection Progr am (PPP), but you can prepare n ow. Start by gathering your docs: T ax Returns for 2019, Profit & Lo ss Statements, and payroll documents for 2020.

Paycheck Protection Program (PPP) - N YC Business The City has tried to provi de you with correct information on th is website. While every effort has be en made to ensure that the informati on provided is accurate and up-to-date, erro rs are still possible. The information provid ed is not legal advice. You m ay need additional information to meet t he le...

Fitness Apps for Crushing New Year ’s Resolutions at Home 06/01/2021

Fitness Apps for Crushing New Year ’s Resolutions at Home

Fitness Apps for Crushing New Year ’s Resolutions at Home

Gym still closed? He re are online workouts that will satis fy newbies and fitness junkies alike.

Fitness Apps for Crushing New Year ’s Resolutions at Home Gym still closed? Here are onli ne workouts that will satisfy newbies a nd fitness junkies alike.

These Tiny Last-Minute Tax Changes Cou ld Be a Big Deal in 2021 05/01/2021

These Tiny Last-Minute Tax Changes Cou ld Be a Big Deal in 2021

These Tiny Last-Minute Tax Changes Cou ld Be a Big Deal in 2021

Fr om stimulus checks to early retirement-plan withdrawa ls, here are some late-breaking items th at could alter either your 2020 retu rn or how you approach your tax es in the year to come.

These Tiny Last-Minute Tax Changes Cou ld Be a Big Deal in 2021 From stimulus checks to early retirement-pl an withdrawals, here are some late-breaking ite ms that could alter either your 2020 retu rn or how you approach your tax es in the year to come.

21 New Year's Financial Resolutions f or 2021 01/01/2021

21 New Year's Financial Resolutions f or 2021

21 financial tips for a stro ng start to 2021

The end of t he year is a great time to he lp clients review their financial strategies, a nd these tips from CPA financial planne rs and members of the AICPA Nation al CPA Financial Literacy Commission can he lp. They offer suggestions like boosting savin gs, updating estate plans, preparing for unexpect ed financial stressors and taking advantage of low-intere st rates. (Use the Personal Finance Scoreca rd with your clients to uncover ga ps and opportunities for planning strategies; it 's open to all AICPA members, courte sy of the PFP Section.)

21 New Year's Financial Resolutions f or 2021 The annual ‘fresh start’ that com es with a new year is fa st approaching. This is a great opportuni ty for Americans to review their overa ll financial situation, check-in on their goa ls and set some new ones.

30/12/2020

Be careful when naming a pow er of attorney

One of the most challengi ng, emotionally trying situations you can fa ce as an adviser is when y ou suspect someone is taking advantage of a vulnerab le client. This article shares a cautiona ry tale about a client with Alzheimer 's who chose a relative with a confli ct of interest and limited financial knowled ge to act as his power of attorn ey. (For further help guiding clients w ho are experiencing a decline in the ir mental capacity, listen to this P FP podcast episode, open to all courte sy of the PFP Section.)

Link: https://www.clinicalconnection.com/research-center-profile/view-profile/476240/mindlight,-llc

Millennials Hit Hardest During the Pandem ic | PLANADVISER 28/12/2020

Millennials Hit Hardest During the Pandem ic | PLANADVISER

Study: Millennials' finances hurt most by pandemic

Millennia ls have taken the biggest financial h it of any age group during t he coronavirus pandemic, according to a stu dy by Allianz Life. Half of millennia ls have stopped saving for retirement or reduc ed contributions, and 48% have dipped in to retirement savings, the study found.

Millennials Hit Hardest During the Pandem ic | PLANADVISER Many have dipped into their retireme nt savings, and some have even stopp ed or cut back on their contributio ns.

26/12/2020

Before you miss this tax-saving opportuni ty by year-end:

It makes sense to ma ke more charitable contributions in 2020 becau se of the increased limitation as pa rt of the Cares Act:

Cash donations to qualifi ed charitable organizations such as schools a nd food banks can be as hi gh as 100% AGI
Non-cash donations such as cloth es less than $5000 per group/category wi ll not need an appraisal. Rather y ou need to estimate the fair mark et value of them by keeping a li st of items donated and the estimat ed value of them. The total non-ca sh donation is limited to 50% of AGI.
T he bottom line is that you c an not reduce your taxable income to negati ve via donation. The nondeductible portal of charitab le contribution can be carried forward to futu re years.

Please let me know if y ou have any questions.

Message me directly or bo ok a FREE consultation call using t he link below ⬇⬇

Happy Holidays!!

https://maagoncpa.as.me/clarity

Last Chance to Cut Your Tax es: Covid-19 Breaks Lapse at Year-End 25/12/2020

Last Chance to Cut Your Tax es: Covid-19 Breaks Lapse at Year-End

Factors to consider with year-end planning

End-of-the-ye ar planning could be more complicated th an normal as a result of t he impending transition to a new administrati on and the rush to take advanta ge of provisions of the CARES A ct. This article offers several suggestions to consid er related to topics including asset sal es, estate planning, and charitable giving.

Last Chance to Cut Your Tax es: Covid-19 Breaks Lapse at Year-End The twin dynamics of expiring Covid- 19 relief and a transition to a n ew presidential administration are making the e nd of this year a turbo-charged versi on of the usual rush by business es and households alike to lock in t ax reductions.

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