HBS Financial Group, Ltd.

7 Tips When Switching Cell Phone Carriers

How to Pay Less by Switching Cell Phone Carriers

If there is ever a time when the need to use cellular service is crucial, it is now. During this COVID-19 pandemic, family and friends try to connect with one another to maintain social distancing, get news update and reach out for medical supplies. Cost is also a factor for many when switching cell phone carriers.

As a result of the pandemic, people are looking for an opportunity to cut cost on wireless bills. If you’re tired of using an expensive cellular service, you should switch. But before you do, check if the following resonate with you in order to get View full post…

Posted: October 22, 2020
Under: Budgeting
By: Gust Lenglet

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Best Online Tax Filing – $25 Flat Rate Fee

Looking for the Best Online Tax Filing? We Have It

Have you tried to prepare your tax returns yourself and struggled with all the paperwork? Or perhaps you went to your local CPA or one of the tax franchise operators? Has the sticker shock worn off yet or did their very high fees leave you confused? Not the best online tax filing by any means.

Why spend your hard earned money on an expensive tax preparer? Or become frustrated trying to understand a convoluted tax code that even confuses some accountants? We have a simple and low cost solution. A flat rate of $25.00 and that includes a state return too. Plus View full post…

Posted: October 15, 2020
Under: Income Tax
By: Gust Lenglet

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3 Principles To Save Money for Retirement

Three Simple Principles That Will Help You Save Money for Retirement

If you’ve been thinking about your retirement, you might have this question on your mind – ‘How do I save money for retirement?’ You’ll often come across flashy advertisements and click-bait articles on the Internet that promise to teach you how you can save a million dollars in 6 steps.

But many of these self-proclaimed financial gurus are simply out for their own profit. Very often, they’re selling products, books, or subscription services that you don’t really need, claiming that they contain valuable insights when that’s not really the case. As a result, it’s very easy to become cynical and distrustful about online financial planning resources in general.

My advice is simple – do not trust any person who claims they’ll teach you exactly what you need to do to retire wealthy. That’s because financial stability and retirement are goals that can be achieved in any number of ways. It all comes down to 3 simple commonsense methods – View full post…

Posted: October 9, 2020
Under: Retirement
By: Gust Lenglet

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Should I Do a Student Loan Refinance

Don’t Do a Student Loan Refinance During Covid-19

Interest rates have been dropping on private student loans the past several months, leading borrowers to consider a refinance, as one way to reduce their overall loan costs. That may be fine for a private loan borrower, but for someone who has federal student loans…a big mistake.

It’s tempting to consider a student loan refinance, especially with the coronavirus taking its toll. But just the opposite is true for those with federal student loans. For one, you lose the basic federal protections that were in place for quite some time.

The second reason to not do a student loan refinance, is that View full post…

Posted: October 2, 2020
Under: Student Loans
By: Gust Lenglet

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Unemployment Insurance Fraud

5 Tips to Help You Avoid Becoming a Victim of Unemployment Insurance Fraud

With all of the negative effects of the Covid-19 pandemic, especially the loss of jobs for so many, unscrupulous scammers have found another way to steal your money. As unemployment continues to rise, fraudsters are now stealing your benefits by using unemployment insurance fraud.

It’s actually very easy for them to do. There are thousands of websites on the dark web where cyber criminals are selling your personal information to these fraudsters for a fee. We all hear about data breaches when some company has been hacked and information has been taken.

This is where the personal information usually ends up…on the dark web for sale to whomever wants to buy it. A criminal can buy your name, current address, social security number, family member names, place of employment, driver’s license information View full post…

Posted: September 25, 2020
Under: Financial Scams
By: Gust Lenglet

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Is Unemployment Money Taxable?

Do I have to Report Unemployment Money on my Tax Return?

Short answer…yes, it’s taxable on your Federal return and on most of the states too. We know next year’s taxes are the least of your worries right now when you lose your job. But, if you’ve gotten any unemployment money this year, it’s a good idea to look at this now, and understand just how they’re taxed. You’ll avoid bad surprises that way.

Hang on. I need to Report It and Pay Taxes?

Unfortunately, yes. We know it seems like the government is kicking you in the gut when you’re down and out. It gets worse…that extra $600 a week a lot of people got through the Cares Act is also taxable.

We hate to be the bearer of more bad news, but View full post…

Posted: September 18, 2020
Under: Income Tax
By: Gust Lenglet

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Financial Problems Caused by Coronavirus

Financial Havoc Caused by the Coronavirus

It should come as no surprise that the coronavirus pandemic has left many individuals in dire financial straits. Many Americans who have lost their jobs, or other sources of income, have very little in savings as a backup.

A study was done by Simplywise.com, a technology company that provides free services to assist people in making sound Social Security decisions. They discovered that about 38% of individuals who lost their job, or had a drop in income due to Covid-19, had total savings that would barely last for a month.

Even more alarming, another 20% of individuals didn’t have enough in savings to last them for View full post…

Posted: September 11, 2020
Under: Personal Finance
By: Gust Lenglet

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Is an ABLE Account Right for You?

What You Need to Know About an ABLE Account

Prior to 2014, with the exception of a Special Needs Trust, there were very few financial vehicles available to provide care for individuals living with a disability. For almost a decade, various advocacy groups for the disabled began to lobby Congress, and then in 2014, an act was passed.

This new law was known as Achieving a Better Life Experience, or ABLE as it is most commonly referred to today. In its simplest form, an ABLE account permits creating tax advantaged accounts for individuals with disabilities to be able to save money. The new law allowed View full post…

Posted: September 4, 2020
Under: Money Management
By: Gust Lenglet

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Special Needs Families & Covid-19

Special Needs Families in Covid-19 Crisis

The global pandemic of Covid-19 has essentially shifted our entire education system to the internet. This remote learning creates an even greater challenge for the special needs students enrolled in the public and private schools of the USA. In some cases, many special needs families simply can’t afford the additional out of pocket costs that they now have to bear.

Disabled and special needs students often require alternative education and support services. Parents of special needs children are having to make tough decisions as they cope with the responsibilities of healthcare, therapies, and education of their children, causing severe financial problems for many of them.

Jessica Tuman, vice president of Voya Cares Center of Excellence, at Voya Financial, which focuses primarily View full post…

Posted: August 28, 2020
Under: Financial Planning
By: Gust Lenglet

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6 Tips On Creating An Emergency Fund

Want to know how creating an emergency fund will help? Read these 6 Tips

Do you make it a point to pay all of your monthly bills early or on time, pay your credit card balances in full to avoid interest charges, and put money away for retirement? If you are, that’s terrific! But have you begun creating an emergency fund for yourself?
An emergency fund sometimes dubbed a ‘rainy day’ fund is a side reserve of finances intended for emergencies that seem to pop up at the worst possible time. If you do not have one, you must make the right moves to establish one.

While creating an emergency fund is necessary, it is actually not very View full post…

Posted: August 21, 2020
Under: Budgeting
By: Gust Lenglet

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Blog

7 Tips When Switching Cell Phone Carriers

How to Pay Less by Switching Cell Phone Carriers

Best Online Tax Filing – $25 Flat Rate Fee

Looking for the Best Online Tax Filing? We Have It

Should I Do a Student Loan Refinance

Don’t Do a Student Loan Refinance During Covid-19

Unemployment Insurance Fraud

5 Tips to Help You Avoid Becoming a Victim of Unemployment Insurance Fraud

Is Unemployment Money Taxable?

Do I have to Report Unemployment Money on my Tax Return?

Hang on. I need to Report It and Pay Taxes?

Financial Problems Caused by Coronavirus

Financial Havoc Caused by the Coronavirus

Special Needs Families & Covid-19

Special Needs Families in Covid-19 Crisis

6 Tips On Creating An Emergency Fund

Want to know how creating an emergency fund will help? Read these 6 Tips

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