WynnSights Blog

Don't Sit Still in the Face of Rising Property Tax Rates

Hugh F. Wynn

Jul 35 min read

Don't Sit Still in the Face of Rising Property Tax Rates

There's no doubt that rising property taxe rates are placing hardship on rich and not-so-wealthy alike.

Give me a (Tax) Break! Texans Get a Big One in 2024

Hugh F. Wynn

Feb 13 min read

Give me a (Tax) Break! Texans Get a Big One in 2024

Texas homeowners are recipients of a much deserved property tax break in 2024.

Emotional Investing Can Traumatize Your Savings Strategy

Hugh F. Wynn

Oct 5, 20233 min read

Emotional Investing Can Traumatize Your Savings Strategy

Folks often frame financial decisions incautiously in the pursuit of financial stability as opposed to optimizing security, and vice versa.

Econ Outlook: Tiny Rays of Light are Peeking Through Inflationary Clouds

Hugh F. Wynn

Nov 3, 20224 min read

Econ Outlook: Tiny Rays of Light are Peeking Through Inflationary Clouds

Let's take a look at bad, good and promising indicators that, like tiny rays of sunshine, could help to brighten our economy.

Home Loans From Financially-Fit Relatives Make (Dollars and) Sense

Hugh F. Wynn

Aug 4, 20226 min read

Home Loans From Financially-Fit Relatives Make (Dollars and) Sense

Homebuyers searching for down payment funds and home loans don't always have to borrow from financial institutions. You have options.

How to Maximize Your Inheritance Allocations

Hugh F. Wynn

Jul 21, 20223 min read

How to Maximize Your Inheritance Allocations

Planning how to allocate the fruits of your investments post-mortem doesn't have to be depressing. But it does require strategic thinking!

Poking the Bear: Use the Current Market Instability to Your Advantage

Hugh F. Wynn

Jun 16, 20224 min read

Poking the Bear: Use the Current Market Instability to Your Advantage

In this dark and chaotic bear market are a few bright rays of hope that a savvy investor can use to their advantage.

Tax Prep: What to do if You Received Advance Child Tax Credits

Hugh F. Wynn

Mar 3, 20224 min read

Tax Prep: What to do if You Received Advance Child Tax Credits

Your 2021 tax return could have a few twists and turns if you received advanced payments of the IRS Child Tax Credit.

Roth Conversions are Righteous - Under the Right Conditions

Hugh F. Wynn

Dec 9, 20213 min read

Roth Conversions are Righteous - Under the Right Conditions

If you have money tied up in traditional IRAs and/or 401(k)s, you might wonder if, when, and how you do Roth IRA conversions.

Set Your Kid Up With a Health Savings Account (HSA)

Hugh F. Wynn

Jul 15, 20213 min read

Set Your Kid Up With a Health Savings Account (HSA)

Kids who are no longer their parents’ tax dependents (or anyone else’s dependent for that matter), can open their own Health Savings Account

Say It Ain’t So, Joe. The Stepped-Up In Basis Tax Debacle

Hugh F. Wynn

May 6, 20215 min read

Say It Ain’t So, Joe. The Stepped-Up In Basis Tax Debacle

I usually don't wax politics in this blog, but I can't help myself when is comes to the current administration's proposal to cancel the...

Stimulus Payments 2.0: About the CRRSA Act of 2021

Hugh F. Wynn

Jan 14, 20214 min read

Stimulus Payments 2.0: About the CRRSA Act of 2021

The $900 billion Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CRRSA Act), signed into law on Dec. 27, 2020, deli

Capital Gains - and Possible Change - Explained

Hugh F. Wynn

Aug 20, 20204 min read

Capital Gains - and Possible Change - Explained

Check out this new post on the WynnSights blog, a personal investment blog based on blogger Hugh Wynn's fervent belief that investing should

IRS UPDATE: You Can Refund Your RMD if You Want To

Hugh F. Wynn

Jul 9, 20203 min read

IRS UPDATE: You Can Refund Your RMD if You Want To

Everytime you blink our government is changing a rule or guideline in order to ease the financial burden on Americans during the pandemic.

Healthcare FSAs vs. Health Savings Accounts. What's the Diff?

Hugh F. Wynn

Jun 4, 20206 min read

Healthcare FSAs vs. Health Savings Accounts. What's the Diff?

Unlike a healthcare FSA, money contributed to an HSA can be invested much like contributions to a 401(k) or an IRA.

IRS Relaxes Rules on Healthcare Flexible Spending Accounts

Hugh F. Wynn

May 28, 20203 min read

IRS Relaxes Rules on Healthcare Flexible Spending Accounts

The IRS has relaxed healthcare FSA rules to allow employees to change their healthcare contributions, including dropping them altogether, go

IRS Relaxes Rules on Dependent Care Flexible Spending Accounts

Hugh F. Wynn

May 21, 20204 min read

IRS Relaxes Rules on Dependent Care Flexible Spending Accounts

The IRS has issued new guidelines that allow employers to amend dependent care Flexible Spending Accounts (FSA)s

CARES Act Allows Emergency Withdrawals from Retirement Accounts

Hugh F. Wynn

May 7, 20204 min read

CARES Act Allows Emergency Withdrawals from Retirement Accounts

Provisions of the recent CARES Act makes it easier for retirement plan participants to take early withdrawals and/or loans from those plans

What if I NEED to Sell Investments During Coronavirus Crisis?

Hugh F. Wynn

Apr 23, 20203 min read

What if I NEED to Sell Investments During Coronavirus Crisis?

When investors panic and sell after a market suffers a big drop they either lock in a loss they create a taxable event.

Did You Know? You Don't Have to Take RMDs in 2020

Hugh F. Wynn

Apr 2, 20204 min read

Did You Know? You Don't Have to Take RMDs in 2020

Among the important provisions of the Coronavirus-related CARES Act are waivers for Retirees with withdrawals due in 2020

Hugh F. Wynn

Feb 13, 20202 min read

Who Pays Taxes On Fund Distributions?

Who pays taxes on capital gains of stock sold during a given year by fund managers.