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APRIL 15, 2021   |   VIEW AS WEBPAGE
 
 
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Tyler Vonnahme is a client adviser for BMW of Des Moines.
2021 SUVs Offer Big Bang for Your $50,000 Buck

BY STEVE DINNEN

Can you get a good car for $50,000? You actually can get a great car for that much moneywith a comfortable ride, sharp looks, and enough bells and whistles you may end up like my sister-in-lawin a class trying to learn from the dealer how to drive your new acquisition.

The 2021 model year heavily features SUVssport utility vehicles which these days account for 50% of all passenger cars sold nationwide. So let’s look at SUVs, like perhaps a black sapphire BMW X3 xDrive30i SAV on offer at BMW of Des Moines for $50,385. It has heated front seats, air conditioning for front and rear, a navigation system, and a parking assistance package that features active parking assistance controls and surround view with 3D view.

“It’s like a drone for you,” said Tyler Vonnahme, a client adviser at the Urbandale car lot. “The X3 is a very popular car for us.”

The X3 is in the middle of the main BMW lineup of SUVs. There also are X1s, the entry level, and fully kitted-out X5s, which have a third row of seating.

Across the street from BMW of Des Moines lies the sprawling Willis auto campus, where you can choose from a slew of foreign and domestic vehicles. We looked at one of the XT5s, which "is by far the most popular” selling Cadillac, said Josh Dreyer, marketing director. A model we chose was crystal white in color, with a black interior and all-wheel drive. It has a power liftgate, remote starter, lane departure warning device and emergency backup braking that will come in handy at a grocery store parking lot. Willis seemed to be in a good mood on this vehicle, marking down the $48,935 MSRP to $43,435.

Bouncing back across the street, Mercedes Benz has its GLA 250 series of SUVs in the low to mid-40s range. Typical powerplant is a four-cylinder engine, which manages to produce 221 horsepower. One we spotted at $45,625 featured eight speakers, a decent 30 miles per gallon highway rating, and rain-sensing wipers.  

A Lincoln Nautilus at Stivers Ford Lincoln in Waukee can run from the low $40,000s to $52,310 for a splashed-out Nautilus Reserve version we spotted online. That will get you heated rear seats to keep passengers comfy in the winter.  

Dealers are reporting difficulty keeping up with demand on some models. A short supply of necessary semiconductors has hampered production, as well. So be patient.  


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Legacy Bridge
Procrastinators Relax: Tax Deadlines Extended

BY STEVE DINNEN


Remember those traffic jams every April 15, when we all lined up at a local post office to drop our tax returns into the outgoing mail to beat the midnight filing deadline? That excitement went away with electronic filing. And now the thrill of April 15 has been tempered by pandemic-related decisions both in 2020 and this year to push back the deadline for filing a 1040 return.  

This year’s deadline is now May 17. For procrastinators, that means you’ll have another month to make a contribution to your 2020 IRA account. Also pushed off to May 17 have been deadlines for 2020 contributions to Roth IRAs, health savings accounts, Archer medical savings accounts and Coverdell education savings accounts.  

The government has not postponed the April 15 deadline to file first-quarter 2021 estimated tax payments. This affects millions of gig workers, self-employed business owners and people who don’t have periodic deductions taken from their paychecks.  

Iowa has pushed the deadline for filing personal returns and making estimated tax payments to June 1.  

The IRS got bogged down a bit because it was put in charge of both processing tax returns and the second round of stimulus checks. Still, in the first week of accepting filings it reported receiving 335 returns every second.


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What You Need to Know About NFTs

BY ROBERT FARRINGTON FOR FORBES.COM


The rise of cryptocurrency has created a situation where there are almost too many alternative investment options to choose from. After all, there are more than 4,000 types of cryptocurrency in existence as of early 2021, and the vast majority are mostly worthless or certainly will be in the near future.

Thanks to the creation of DeFi and blockchain technology, another investment option known as the NFT is also making a splash. However, NFTs are not a type of cryptocurrency, and some believe this "investment" is mostly being driven by the greater fool theory—a theory that says you can make money on anything if you find a greater fool to pay more than you did.

If you haven't heard of NFTs quite yet, then you must not listen to Gary Vee. He has been pumping NFTs on YouTube and podcasts like they're going out of style, which could easily be true. But what is an NFT exactly? That's a good question, because an NFT could be practically anything provided it is virtual and cannot be touched or handled in a physical sense.

For starters, NFT stands for "non-fungible token." Alison Mangiero, president and co-founder of  TQ Tezos, describes NFTs as a "unit of data stored on a blockchain which can represent any unique digital item."
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The Key Question to Ask Yourself Before You Retire

BY CD MORIARTY FOR MARKETWATH

Pre-retirees want to talk investment returns and review how much they have saved as they debate just how soon they can retire.

Few of them (or their advisers) actually know how much they spend. A spending conversation is not as sexy as one about the stock market. Yet, as I have told many clients, knowing your spending is the secret ingredient that will carry you happily through retirement for decades.

Here is a simple six-step process to figure out roughly what you spend now, how much income you need in retirement and whether you need to save more now so you can maintain your lifestyle. READ MORE.
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Wealth is published on the first and third Thursday of each month and updated on dsmMagazine.com.

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