October 3rd, 2018 Newsletter

All You Need to Know About Tax Havens
When Christopher Columbus left in search of the New World, he was looking for routes for developing trade and commerce for Queen Isabella of Spain. A noble motive indeed! But times have changed. When the explorers of the New World leave …
Investopedia

Retiree Tax Tip: Donating Items to Charity
Taxpayers who expect to itemize their 2018 tax returns may want to scour their closets before year-end for gently used goods to give to charity …
Kiplingers

How do you know you’re really ready to retire early?
For Justin McCurry — who retired at age 33 with $1.3 million so he could spend more time traveling with his wife and three kids — retirement came …
CNN Money

Employers giving paid leave getting tax credits in new law
Employers who offer paid family and medical leave to their workers earning up to $72,000 a year can receive tax credits under the new tax law, the …
ABC News

We have six kids: Here’s how we put them all through college
Many American families have two to three children that they have to consider sending to college. Imagine having double or even triple that number …
USA Today

1 in 3 Americans Makes This Critical Mistake When Changing Jobs
As the name implies, retirement savings are meant to be left alone until retirement. Cashing out early not only can result in a hefty tax bill in the …
Fox Business

Ways to Mess Up Estate Planning
Maintaining a valid and current estate plan is vitally necessary in order to ensure the efficient and orderly dispersion of assets after a person …
Investopedia

What You Need To Know About The New Alternative Minimum Tax
The Alternative Minimum Tax (AMT) has changed, and it won’t trap nearly as many people as in the past. The AMT is perhaps the original Stealth Tax …
Forbes

Looking to save money on a new phone or phone plan? Here are a few tips
As new phone season begins in earnest and the holiday season approaches, people all over the country are looking at their phone bills trying to figure …
USA Today

Nearly Half of U.S. Workers Are Making This Major Retirement Mistake
How much will you need to save by the time you retire in order to spend those years in comfort? It’s a simple question with a not-so-simple answer …
Fox Business

Smart Strategies for Giving to Charity
Some taxpayers will need to find workarounds in order to write off charitable donations under the new tax law. Here are three. For years, Ann Gerhart …
Kiplinger

“Can I write off last year’s taxes as a bad investment?”
Copyright © Randy Glasbergen

Trivia
To a Wall Streeter, what is a shark repellent?
See the answer below.

6 Ways To Save Your Kids From The Rising Cost Of Education And Prevent The College Debt Trap
In his recent New York Times article: “The Student Debt Problem Is Worse Than We Imagined”, author and senior director for post secondary education at …
Forbes

What Year Was It?

O.J. Simpson Acquitted

At the end of a sensational trial, former football star O.J. Simpson is acquitted of the brutal 1994 double murder of his estranged wife, Nicole Brown Simpson, and her friend, Ronald Goldman.
The day was Oct 3. What year was it?

Quote of the Week
“Never spend your money before you have it.”
Thomas Jefferson

Trivia Answer
To a Wall Streeter, what is a shark repellent?
Answer: Any device or strategy used to ward off a hostile takeover

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Tom Umstattd, CPA
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Austin, TX 78750

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