February 26th, 2020 Newsletter

image

What Taxes Will I Owe In Retirement?
I recently spoke with a prospective client who was adamant that he would not have to pay taxes in retirement. He read and printed an online article which indicated, “You will not owe these taxes in retirement.” That myth was …
Forbes

Work in the gig economy: Here’s what you need to know about your taxes
If you haven’t yet entered the gig economy, there’s a fairly good likelihood that you will eventually, to earn extra income in retirement …
USA Today
image

IRS to pay visits to high-income taxpayers who fail to file
If you earn six figures and haven’t been filing your taxes, the IRS may come knocking. The agency said Wednesday that it is stepping …
ABC News

library
library
Traditional vs. Roth IRA: New Rules Could Affect How You Save for Retirement
More Americans are working longer — and saving for retirement into their 70s. Last year, Congress stepped in to give these older …
Money
image

Don’t Save Money On The Wrong Things
All philanthropists — whether they are a foundation leader, donor, professional athlete, corporate executive — want to be good …
Forbes

Withdrawing From a Traditional IRA: Rules & Regulations
Individual retirement accounts (IRAs) can help you boost your retirement savings. Traditional IRAs come with their own set of rules, and …
Investor Junkie
image

Warning: Your Money Smarts May Be Fading
The bills, the Social Security payments, the checks that didn’t get deposited, the meetings with your financial advisers, the insurance …
Kiplinger

How Does My Spousal Social Security Benefit Work?
If you have never worked or paid Social Security taxes (or not paid them for long enough), you will not be eligible to receive Social …
Investopedia
image

4 reasons your tax refund won’t reach your bank account
As much as people relish getting a tax refund, many others just dread seeing that money disappear to cover a host of delinquent …
USA Today

The Great Tax Refund Debate: Is Getting a Big Check from the IRS Smart or Dumb?
You’re getting a federal tax refund! It’s like finding a forgotten twenty-dollar bill in the pocket of your winter coat — but instead …
Money
image

How Are Social Security Benefits Affected by Your Income?
The Social Security Administration (SSA) keeps a record of your earned income from year to year, and the portion of your income that …
Investopedia

Cartoon
“Sure, it’s possible to make good money from the lottery. Invest in the company that makes the cards.”
Copyright © Randy Glasbergen
Trivia
Who supplied most of the copper for the first U.S. pennies to be minted?
See the answer below.
Six Tips For Traveling On A Budget
At a time where air travel costs 50% less than it did in 1982, it is no wonder that more people want to travel …
Forbes
What Year Was It?

Two National Parks Preserved – 10 Years Apart

What Year

Two national parks were established in the United States 10 years apart. The Grand Canyon and the Grand Tetons.
The day was Feb 26. What year was it?

Quote of the Week
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”
Ayn Rand
Trivia Answer
Who supplied most of the copper for the first U.S. pennies to be minted?
Answer: Paul Revere
icon
SUBSCRIBE TO OUR NEWSLETTER
NEWSLETTER ARCHIVES
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.