30 Dec 2020 | Yes, you must pay taxes on unemployment - here's what you need to know

It's never too late to start saving

A "It's never too late to retire early" These are the safest stocks to buy with your stimulus money Image Source: The Motley Fool We have waited, with bated breath, for the second round of stimulus money. Now that a $600 check is on the way, it is a great time to pick a few stalwart stocks to shore up your portfolio's long-term value. Of course, this is assuming all your bills have been paid, and your emergency fund is secure.    Companies that have substantial recurring revenue tend to be safe investments. Safer still are companies that have a track record of revenue-bearing innovations that allows them to grow over time consistently.    These companies are heavyweights and are only getting stronger. Recommended Link: "Big financial 'Switch' Coming"   Three times before in history…   In 1913, 1933, and 1971…   Major changes were made to the U.S. dollar.   Now, it appears a 4th major "switch" is set to take place…   Already, popular businesses like McDonalds, Starbucks, and Whole Foods have taken steps to prepare…   And savvy insiders gearing up for "the switch" have benefitted from $57 billion in newly created wealth...   Now, it appears the full switch is set to occur on January 1, 2021.   And what's coming next will catch everyone by surprise.   While many will suffer great losses…   A handful of smart investors stand to reap an absolute fortune. Headlines you shouldn't miss Nine things you didn't know were tax deductions Yes, you must pay taxes on unemployment - here's what you need to know What to expect this tax filing season What are the key IRS tax changes for next year? Is your stimulus check taxable income?   Get the new year off to a good start with these money moves   It's never too late to start saving,   Gordon Fox     P.S.   Know someone who'd love the Late Investor? Be sure to send them to this link so they can get signed up: investinglate.com   The Late Investor, 20 N. Orange Avenue, 32801, Orlando, United States You can unsubscribe here any time.