February 21st, 2018 Newsletter

Feb 21, 2018

10 Red Flags That Could Trigger a Tax Audit in 2018

Less than 1% of tax returns get audited by the IRS, but this percentage varies significantly depending on several factors. There are several “red flags” that the IRS looks for that can make it far more likely that you’ll be audited …
Fox Business

Tax Credits, Brackets, Deductions: How to Hold On to More of Your Dough
Worried about how the new tax code will change your returns? The latest video in our Talking Taxes series breaks it all down for you, in bite-size pieces. …
The Wall Street Journal

How to Ask for That Well-Deserved Raise: Four Things You Should Know
For most people, asking for a raise is a pit-in-your-stomach endeavor. You feel a little clammy, a little worried, and you sometimes …
Forbes

Should I use my savings to pay off credit card debt?
I have been in the workforce for a few years now (graduated in 2014) and have a decent mutual fund in place ($9,000), savings …
CNN Money

Retirement Planning Mistakes You’ll Regret Forever
As more and more baby boomers start eyeing the coastline of retirement, thoughts turn from the daily worry over the Monday-through …
Kiplinger

4 Factors That Determine Your Financial Success
Financial planning can be very complicated because you have to balance all the information and changes in your life. To simplify the …
Investopedia

A growing percentage of Millennials have absolutely nothing saved
A 2018 Bank of America survey found that 1-in-6 Millennials — which BoA defined as those between age 23 and 37 — now have $100,000 …
USA Today

Job Expenses to Ask Your Company to Pay For
Like it or not, it costs money to make money. Whether it’s on commuting Opens a New Window. , clothing, or dry cleaning, most of us …
Fox Business

The Exact Amount of Money it Takes to Make a Person Happy
A new study pinpoints how much it takes to buy satisfaction. You’ve probably heard that studies have shown an income of about $70,000 …
Inc

The newest ways to save together (that are actually age old)
Even though we spend a lot of money with our friends (Margaritas! Brunch!), we hardly ever save together. But co-saving can be a powerful …
CNN Money

Do You Have What It Takes to Be a Millionaire?
Being a millionaire isn’t a ticket to mansions, yachts and caviar, as it once was, but the goal is more reachable than ever. According …
Kiplinger

“I need something to relieve my stress. Can you prescribe some money?”
Copyright © Randy Glasbergen

Trivia
Who was on the front of the once circulated US $10,000 bill?
See the answer below.

How Inflation Affects Your Cost of Living
If you think your dollars aren’t stretching as far at the grocery store, you’re not imagining things. The U.S. Department of …
Investopedia

What Year Was It?

Malcolm X Assassinated

Malcolm X, an African American nationalist and religious leader, is assassinated by rival Black Muslims while addressing his Organization of Afro-American Unity.
The day was Feb 21. What year was it?

Quote of the Week
“Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.”
Johann Wolfgang von Goethe

Trivia Answer
Who was on the front of the once circulated US $10,000 bill?
Answer: Salmon P Chase, the 25th US Secretary of the Treasury.

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