July 5th, 2018 Newsletter


New tax form shrinks in size, not work
The Trump administration may deliver on its promise to reduce a commonly used tax form to postcard size, but it does not shrink the workload for many Americans filling out their taxes. A draft copy of the new 1040 income tax form …
ABC News

This tax strategy is ‘skyrocketing’ in popularity, expert says
While a significant number of taxpayers are no longer able to itemize under the new tax code, Americans are tapping creative ways to maximize …
Fox Business

Students are lowering or avoiding college tuition and student loans
As many Americans struggle with student debt, a growing number of college-bound teenagers have found a way to sidestep as much as $44,000 in …
USA Today

Younger Workers Are Worried About Outliving Their Retirement Savings
Running out of money Opens a New Window. is a major concern for today’s older workers. But a new report Opens a New Window. from the National …
Fox Business

The $6.3 trillion debt: American companies have never owed this much
US companies, encouraged by a decade of unbelievably low borrowing costs, are sitting on $6.3 trillion of debt, according to S&P Global …
CNN Money

How to Manage an Inheritance
What should you do after inheriting a large sum of money? In the finance world, an inheritance is referred to as “money in motion …

Ready for the New Partnership Tax Audit Rules?
Partnerships are one of the most commonly used business and estate planning tools, and they come in a variety of wrappers or names, such as …

Is Taking Student Loans For Graduate School Worth It?
Are you considering graduate school? If you’re like most American graduate students, you’re probably going to borrow at least a portion of your …

How to get a credit card when you’ve never had one
The Uber Visa, launched last fall, may target on-the-go millennials with amazing rewards, such as 4 percent for eating out and 3 percent on …
USA Today

Are your credit card perks shrinking?
Your credit card perks are designed to feel like a gift that keeps on giving. But they are not guaranteed to last. Buried deep in any credit …
CNN Money

70 Valuable Things You Can Get for Free
Only one thing beats getting a good price on something, and that’s getting it for free. Our list of freebies is packed with 70 something-for …


“The stock market suffered from a dip today. The dip has been identified as Mr. Homer Noodlebutt…”
Copyright © Randy Glasbergen
How many years does an average penny last?
See the answer below.
The Best Time to Trade-In or Sell Your Car
By Dennis Miller via Iris.xyz For many a car lover, retiring rich requires the end of a lifelong love affair. I empathize with them all …
Fox Business
What Year Was It?

Bikini introduced

Bikini introduced

French designer Louis Reard unveils a daring two-piece swimsuit at the Piscine Molitor, a popular swimming pool in Paris.
The day was Jul 5. What year was it?

Quote of the Week
“I find it very difficult to see a scenario where financial regulation doesn’t pass the Senate.”
Bob Corker
Trivia Answer
How many years does an average penny last?
Answer: 25 years
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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