March 11th, 2020 Newsletter


4 Smart Tax-Saving Money Moves
Done your taxes? Check. Here are four ways to save taxes for the rest of the year—and maybe much longer. GIVE YOUR IRA A SECOND WIND: Effective January 2020, Congress made a bunch of changes to the rules governing retirement …

Overlooked tax deductions and credits you can claim
Becoming familiar with tax deductions and credits could cut thousands of dollars off your tax bill and keep more money in your pocket …
USA Today

Here’s a list of recession indicators and where they stand
Fears that the fast-spreading coronavirus will disrupt global supply chains and tip the economy into a recession are gripping …

The Gender Pay Gap Is Shrinking, but Not Fast Enough
When I was a kid, one of my favorite toys was my Day-to-Night Barbie. Armed with a briefcase, Barbie wore a pink power suit that could …
Investor Junkie

Fact Check: Were 401(k)s Really An ‘Accident Of History’?
“401(k)s are an accident of history”: That’s the title of a 2017 article at the Economic Policy Institute, which goes on to say …

If a Stop-Limit Is Reached, Will It Always Sell?
One of the problems with using a stop-limit order to sell a security is there is no assurance you’ll get the price that you want. For …

Good Debt, Bad Debt: Knowing the Difference
With U.S. household debt at a record-breaking $14 trillion at the end of 2019, more Americans are learning to live with and manage debt …

9 savings strategies to boost your finances
“Pay yourself first” and “automate your savings” are two of the most common pieces of financial wisdom. And it’s great advice …
USA Today

As the market falls, make sure you’re not taking too much risk
No pain, no gain … no risk, no reward. As with most platitudes, you’ve likely heard those lines so many times that by now they’ve …

Take charge of your credit in 2020
By now, you’ve encountered the world of credit, whether it was renting your first apartment or figuring out how to pay for a kitchen …
ABC News

Alternatives to Borrowing or Withdrawing Retirement Funds
Borrowing from your 401(k) or withdrawing money from your IRA before you have retired is generally a bad idea, because it can set …

“I used to have a lemonade stand, but this pays better.”
Copyright © Randy Glasbergen
What is the average life span of the $50 and $100 bills?
See the answer below.
Finding Your Personal Tax Haven In Retirement
One driving force behind your retirement relocation decision may be taxes. The wrong choice can eat up a whopping …
What Year Was It?

Paul McCartney Knighted

What Year

Paul McCartney, a former member of the most successful rock band in history, the Beatles, was knighted by Queen Elizabeth II for his “services to music.”
The day was Mar 11. What year was it?

Quote of the Week
“Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.”
Franklin D. Roosevelt
Trivia Answer
What is the average life span of the $50 and $100 bills?
Answer: 9 years
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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