August 14th, 2019 Newsletter


Tax-Free Savings and Other Places to Save Tax-Free 
Most savings accounts – and similar places to park your cash, such as money market funds – require that you pay taxes on the interest that you earn. A few types of savings accounts and other financial instruments are exceptions …

Shrinking your tax burden can come with consequences. Here’s what to avoid
Nobody likes to pay more taxes than necessary. But there’s also a danger of letting the “tax tail wag the investment dog,” to quote …
USA Today

How Gen Z (and Gen AA) Are Reshaping the Economy
Bloomberg has lately been running a superb series about the generations growing up in the shadows of the Millennials. Go read it …

4 reasons parents don’t discuss money (and why they should)
Parents would be remiss if they did not talk to their children about drinking and driving, using drugs and, of course, sex. Some go …

Retirement Is as Simple as 1-2-3
Many people think climbing up the mountain is the greatest challenge to a climb. However, getting down the mountain is something …

Top 4 Reasons to Save for Retirement Now
There are dozens of excuses for not saving for retirement, and they all sound good. You may have a few of your own. But you know you  …

No money saved for your kid’s college? Here’s what to do
It’s nothing short of shocking how quickly your child’s bus rides to elementary school turn into a heart-wrenching drive to drop them …
USA Today

The Federal Reserve Plan To Modernize The Nation’s Payment Processing System
In an effort to improve and advance the nation’s payment system, the Federal Reserve Bank has announced the development of FedNow, a 24/7 …

Smart Tips for Estate Planning: Write Your Will Like George Washington Did
Estate Planning for those you love can dramatically alter the course of your family for generations. In his last will and testament …

How to Tell If You’re Cheap or Frugal
There’s a fine line between frugal and cheap. Frugal people understand that paying more doesn’t necessarily mean better value …

42% of parents admit they weren’t financially ready to have a child
Having a baby is a life-changing experience in more ways than one. From a logistical and emotional standpoint, you’re suddenly …
USA Today

“There’s an error on my bill. You accidentally sent it to someone who has no money.”
Copyright © Randy Glasbergen
In the world of business, what is the meaning of the acronym IPO?
See the answer below.
Should You Give Your Child A Credit Card?
We seem to be moving closer to being a cashless society, meaning more kids are being exposed to digital wallets, money apps and …
What Year Was It?

Blackout Hits Northeast United States

What Year

A major outage knocked out power across the eastern US and parts of Canada. 21 power plants shut down in just three minutes. Fifty million people were affected, including residents of New York, Cleveland, Detroit, Toronto and Ottawa.
The day was Aug 14. What year was it?

Quote of the Week
“Maybe we all need to leave our children with a value legacy, and not a financial one. A value for things with a personal touch – an autographed book, a soul-searching letter.”
Lakshmi Pratury
Trivia Answer
In the world of business, what is the meaning of the acronym IPO?
Answer: Initial public offering
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
The articles in our publications come from many sources. We do not endorse information or opinions appearing in linked articles. The articles selected are not sponsored, and we assume no responsibility for the accuracy of the information. Copyright for linked articles belongs to the linked source.
A Newsletter Station Publication
© All Rights Reserved.
Comments are closed.