May 1st, 2019 Newsletter

Selling Your Stuff: The Tax Dimension
The anti-clutter mantras of Marie Kondo and others are convincing thousands of people to empty their attics of the stuff they’ve collected over the years and sell the more valuable items on eBay or Facebook Marketplace. In …
Kiplinger

Just Paid the IRS? Here’s How the Government Spends Your Money
Paying taxes is no fun, and with tax season just having ended, there are millions of people who just sent more money to the IRS than …
Fox Business

IRS data shows refunds down 2% under new law
IRS data released Thursday shows that while the average refund fell, the tax filing season was largely unchanged by the massive tax …
ABC News

As college debt rises, so does interest in teaching financial literacy
After languishing for a few years, support for teaching money-management skills to high school students has reignited, financial …
SF GATE

The one money lesson every woman should live by
Women can no longer pass the buck when it comes to their financial future. With nearly one-third of women now the family breadwinner …
CNBC

Why You Need a Great Credit Score in Retirement Too
Think only young people need to establish great credit scores? That’s understandable. Credit cards are marketed to college students …
Fox Business

Should you really be paying off your kid’s student loans?
With college costs continuing to climb, many families are learning the hard way that obtaining a degree often means taking on …
USA Today

How to break up with your bank
Things happen in relationships — you grow apart, your partner gets to be too much for you, or worse — they do you wrong. Don’t stay in …
ABC News

Why It’s Important to Talk to Your Children about Your Financial Plan
As my children grow older, I grapple with a mix of emotions — some sadness and nostalgia for when they were small enough to sit on my …
Kiplinger

Here’s How To Fit Traveling The World Into Your Budget
We often find ourselves scrolling through social media, admiring the travel accounts, and continuously liking everyone’s vacations …
Forbes

10 Common Questions About Social Security
The Social Security program was established in 1935 to provide retirement income to certain workers. It was later expanded to cover …
Investopedia

“If you buy now, I’ll give you a 30% discount on the amount of time I spend in your office today.”
Copyright © Randy Glasbergen

Trivia
Which structure is displayed on the back of a US nickel?
See the answer below.

20 Smart Ways to Use Your Tax Refund
Millions of Americans filed their taxes by April 15, and many have begun receiving their refunds from the Internal Revenue Service …
Fox Business

What Year Was It?

Empire State Building Dedicated

President Herbert Hoover officially dedicates New York City’s Empire State Building, pressing a button from the White House that turns on the building’s lights.
The day was May 1. What year was it?

Quote of the Week
“The individual investor should act consistently as an investor and not as a speculator.”
Ben Graham

Trivia Answer
Which structure is displayed on the back of a US nickel?
Answer: Monticello, Jefferson’s estate.

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Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750

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Tom Umstattd, CPA

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