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February 2020 - Daviman Financial - Fiduciary Advisors Serving Indianapolis & Indiana
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Why We Have Inflation

Why We Have Inflation

“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” – Sam Ewing The term inflation is thrown around a lot in conversations about the economy and how the cost of something today relates to its...
What is a 1099?

What is a 1099?

Every year as tax season approaches one IRS form seems to cause more confusion than any other. The dreaded 1099. A 1099 is a record that a person or business (other than your employer) gave or paid you money. One copy recording the gift or payment is sent to you and...
SECURE ACT Part II: The Death of the Stretch IRA

SECURE ACT Part II: The Death of the Stretch IRA

For quite some time IRAs held a special place in the financial planning world, especially as it came to passing money on to family members. That’s because of a special provision in the law that allowed beneficiaries who inherited IRAs to take out small amounts at a...