We don’t have to tell you that Thanksgiving looks and feels a lot different this year. This may be the first you you are cooking the big meal yourself. While we wish we could be there to help, the next best thing is to share with you our favorite tools for prepping a Thanksgiving feast. And once you’ve got all the tools ordered, be sure to check out our Pinterest boards, for all of our favorite recipes both for Thanksgiving dinner and for the accompanying drinks.
fat separator–ALL THE GRAVY-NONE OF THE GREASE
BRINING=ACING THE TURKEY GAME
SAVE STOVETOP SPACE -SLOW COOK YOUR MASHED POTATOES
BECAUSE YOU’RE PROBABLY NOT EATING THAT WHOLE PIE IN ONE SITTING…BUT WE WON’T JUDGE IF YOU DO
GET THE RIGHT TEMP
BASTE LIKE A PRO
BECAUSE MANHANDLING A HOT TURKEY IS NOT A GOOD LOOK
Stainless Steel Trash & Recycling Center
Read Must Have Tools for Thanksgiving Dinner Prep This Year on Apartminty.
What to Do This Weekend
Weekend plans look a lot different nowadays, eh?Â Iâm sure you are as sick of reading stories that begin with,Â “In these unprecedented times” or “Our new reality.”Â So Iâm going to skip the intro and the explanation …You are being a hero by staying home and protecting the health of your family and that of your neighbors.Â Thank you!Â Let me reward that good behavior with a list of a few things to keep you entertained this weekend.
Itâs a ridiculous tongue in cheek nature show on Netflix.Â There are plenty of adult jokes disguised as nature facts.Â Itâs child safe and adult approved.Â The whole family enjoyed it!Â If you are looking for a program the whole family can enjoy, add Absurd Planet to your watch list.
Speaking of Netflix, did you know you can watch a movie with friends long distance?Â Check outÂ Netflix Party.Â It synchronizes everyoneâs video playback and adds a chat feature.Â If you and your significant other arenât quarantining together, this is certainly a fun date night option, too!
Date Night Dinner & Dessert
If you are homebound with your significant other, youâre probably ready to spice things up. Â Tasty did a great feature of creating a three-course meal from the pantry.Â I was impressedâ¦.especially when one of the courses was peanut butter cookies!Â Follow along and cook a great meal or just get inspired to create your own pantry date night!
We are sitting still so much more than usual.Â You need to give your joints and bones and muscles some love! Stretch them out!Â There are plenty of free stretching videos on YouTube and the like, but my number one recommendation is the Peloton App.Â They are offering a 90-day free trial right now, after that itâs $13/month.Â The full body stretches are 5-15 minutes long giving you plenty of options.Â Additionally, they have meditation, boot camp, running, and walking programs.Â (and no, Iâm not an affiliate…I just think itâs a great app)
Try A New Summer Recipe
Yeah, cooking isnât a groundbreaking suggestion.Â Approach it a little differently today.Â Think of it as a meditation.Â Take your time cleaning and cutting the fresh veggies or fruit.Â Maybe watch a Youtube video first and learn a new technique.Â Then when you are ready, take on one of these yummy summer recipes.
Last week I took a dance lesson to learn the moves to the Tik Tok âSavageâ dance. The instructor was amazing…I was a *mess*!Â But I havenât laughed that hard in a while…and it used up a lot of energy!Â You can find plenty of lessons on YouTube or you can try a virtual class with Diva Dance DC.Â You can literally dance like nobody is watching! And who knows…maybe you will find some hidden talent!
Phone a Friend
â¦.not for your sake, but for theirs.Â People are getting cabin fever.Â They need each other.Â Scroll through your phone and find the friend that you know lives alone or the friend you know wishes they were living alone, and give them shout.Â It doesnât have to be a Zoom happy hour and it doesnât have to be an hour long.Â You can simply share a happy memory you have with them.Â Small interactions and gestures go a long way right now.Â Â
Thatâs it for this week.Â As I find specific events or awesomeness, I will share a new post weekly!Â If you have ideas or events to include next week feel free to send them my firstname.lastname@example.org or @Apartmentalist on Instagram.
Read What To Do This Weekend on Apartminty.
If you have a special child in your life, you may be wondering what to put under the tree this year. One long-lasting and truly meaningful way to show the child in your life that you care is by taking a few minutes to set up a UGMA/UTMA account and give them a leg up in life.
The earlier you open a UGMA or UTMA account for a child, the longer your initial gift has to grow, thanks to the magic of compound interest. For example, investing just $5 a day from birth at an 8% return could make that child a millionaire by the age of 50. By setting up a UGMA/UTMA account, youâre really giving your beneficiary a present that grows all year round. Now, thatâs a gift theyâre sure to remember!
What is a UGMA/UTMA account?
UGMA is an abbreviation for the Uniform Gifts to Minors Act. And UTMA stands for Uniform Transfers to Minors Act. Both UGMA and UTMA accounts are custodial accounts created for the benefit of a minor (or beneficiary).
The money in a UGMA/UTMA account can be used for educational expenses (like college tuition), along with anything that benefits the child – including housing, transportation, technology, and more. On the other hand, 529 plans can only be used for qualified educational expenses, like summer camps, school uniforms, or private school tuition and fees.
Itâs important to keep in mind that you cannot use UGMA/UTMA funds to provide the child with items that parents or guardians would be reasonably expected to provide, such as food, shelter, and clothing. Another important point is that when you set up a UGMA/UTMA account, the money is irrevocably transferred to the child, meaning it cannot be returned to the donor.
Tax advantages of a UGMA/UTMA account
The contributions you make to a UGMA/UTMA account are not tax-deductible in the year that you make the contribution, and they are subject to gift tax limits. The income that you receive each year from the UGMA/UTMA account does have special tax advantages when compared to income that you would get in a traditional investment account, making it a great tax-advantaged option for you to invest in the child you love.
Hereâs how that works. In 2020, the first $1,100 of investment income earned in a UGMA/UTMA account may be claimed on the custodianâsâ tax return, tax free. The next $1,100 is then taxed at the childâs (usually much lower) tax rate. Any income in excess of those amounts must be claimed at the custodianâs regular tax rate.
A few things to be aware of with UGMA/UTMA accounts
While thereâs no doubt that UGMA/UTMA accounts have several advantages and a place in your overall financial portfolio, there are a few things to consider before you open up a UGMA/UTMA account:
- When the child reaches the age of majority (usually 18 or 21, depending on the specifics of the plan), the money is theirs, without restriction.
- When the UGMA/UTMA funds are released, they are factored into the minorâs assets.
- The value of these assets will factor into the minorâs financial aid calculations, and may play a big role in determining if they qualify for certain programs, such as SSDI and Medicaid.
Where you can open a UGMA/UTMA account
Many financial services companies and brokerages offer UGMA or UTMA accounts. One option is the Acorns Early program from Acorns. Acorns Early is a UGMA/UTMA account that is included with the Acorns Family plan, which costs $5 / month. Acorns Early takes 5 minutes to set up, and you can add multiple kids at no extra charge. The Acorns Family plan also includesÂ Acorns Invest, Later, and Spend so you can manage all of the familyâs finances, from one easy app.
During a time where many of us are laying low this holiday season due to COVID-19, remember that presents donât just need to be a material possession your loved one unwraps, and then often forgets about. Give the gift of lasting impact through a UGMA/UTMA account.
The post Why UGMA/UTMA Accounts Are the Perfect Holiday Gift appeared first on MintLife Blog.