August 8th, 2018 Newsletter

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Taxpayers May Owe In 2019 Due To Insufficient Withholding
It’s 2018: Do you know what your tax rate looks like? The Tax Jobs and Cuts Act (TCJA) was signed into law last year, with the promise that most taxpayers would get a tax break. However, the General Accounting Office (GAO) is warning …
Forbes

Are my property taxes still deductible in 2018?
There were several IRS tax deductions that didn’t survive the tax reform process and will no longer be available. However, the deduction for state …
USA Today
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Rate of return should to expect on 401(k)
We hate to drag out that old hedge-y phrase, “it depends.” But it does. Your 401(k) plan’s rate of return is directly correlated to the investment …
Investopedia

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5 Proven Ways to Boost Your Retirement Income
Running out of money Opens a New Window. in retirement is a major concern for those approaching that milestone, and that includes folks …
Fox Business
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Do you have too much money in cash?
But what happens once you establish that emergency fund? Do you need more cash than that? There’s nothing wrong with having cash at your disposal …
CNN Money

Why Owning A Home Can Be A Valuable Retirement Asset
Is home ownership a mistake in retirement? That’s what this article in USA Today claims. In continuing the theme of my last article about not believing …
Forbes
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Earn More Interest on Your Savings
As the Federal Reserve boosts short-term interest rates, yields on bank deposit accounts and money market mutual funds have been ticking up. Unlike …
Kiplinger

38% of U.S. Workers Don’t Think They’re Financially Well
What does it mean to be financially well? For some, it’s having a certain amount of money in the bank. For others, it’s knowing they can cover their …
Fox Business
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Do you have enough life insurance?
I haven’t purchased life insurance in roughly seven years. Don’t get me wrong, I have life insurance, but I haven’t purchased any additional life …
USA Today

6 factors that influence exchange rates
Aside from factors such as interest rates and inflation, the exchange rate is one of the most important determinants of a country’s relative  …
Investopedia
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Small Home Projects That Pay Off Big
The home-improvement boom shows no signs of slowing. Half of homeowners recently polled by Houzz.com, a design and remodeling site, say they plan …
Kiplinger

Cartoon
“There’s an error on my bill. You accidentally sent it to someone who has no money.”
Copyright © Randy Glasbergen
Trivia
Judging by the total dollar amount that was in circulation in July 31 2000, what percentage of US wealth was owned by Bill Gates alone?
See the answer below.
5 Simple Steps to Save on International Phone Calls and Data
Imagine coming home from an amazing international vacation and finding a $600 phone bill in your inbox. What it if was $1000? It’s happened! To …
Forbes
What Year Was It?

Nixon Resigns

Nixon Resigns

In an evening televised address, President Richard M. Nixon announces his intention to become the first president in American history to resign.
The day was Aug 8. What year was it?

Quote of the Week
“There are so many different kinds of motivation for investing or giving or parting with your money in whatever other way, and plain old financial return is obviously attractive. But people are not always rational and are not just looking for that.”
Jessica Jackley
Trivia Answer
Judging by the total dollar amount that was in circulation in July 31 2000, what percentage of US wealth was owned by Bill Gates alone?
Answer: 12.6 percent
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