May 22nd, 2019 Newsletter

Top 10 Home Business Tax Tips
It is said so often that it has become a bit of a cliché, but one of the great virtues of starting a home business are the tax breaks you can claim. Another popular belief surrounding home businesses, however, is that claiming …
Investopedia

Strategies you can use to pay off an unexpected tax bill
Each year, the majority of people who file a tax return wind up with some amount of money back from the IRS. But what if you’re in …
USA Today

Thinking of cosigning a student loan for your child? You might regret it
As the cost of college rises, more parents are cosigning private loans for their children’s education. That move can wreak havoc on …
CNBC

Why your financial aid may plummet after freshman year
Grants and scholarships are the best ways to pay for college because you don’t have to repay them. But if you chose a college because …
ABC News

5 Ways to Increase Your After-Tax Spendable Income – and Legacy
Did you enjoy writing a check to Uncle Sam on April 15? No? Well, then try these strategies to increase your spendable after-tax income …
Kiplinger

The Easiest Way to Determine Your Social Security Benefit
Understanding how much money you can expect from Social Security is crucial for retirement planning. Once you know how large your …
Fox Business

De-Coupling Your Finances: How to Un-Merge Your Money in a Divorce
Financially-speaking, divorces can be messy. Between state laws, beneficiaries, and dividing assets, it can become incredibly complicated …
Investopedia

Things People Say That Keep Them Broke
Broke people and wealthy people talk differently. They always have. All wealth is built through conversation. What we say, how we …
Forbes

Mistakes on your credit report could cost you thousands: How to fix them
The Equifax data breach came to light in September 2017 – and consumers are still fuming. Complaints about credit reporting, credit …
USA Today

Just Graduated College? 5 Money Mistakes to Avoid
After years of studying, term papers, and exams, you’ve finally emerged from college with a degree in hand. Now all you need to do is …
Fox Business

10 Things Retirees Should Never Keep in Their Wallets
One of the worst feelings is reaching for your wallet and finding it’s not there. Panic ensues: Did you leave it at home? Drop it …
Kiplinger

“The bad news is, the market threw a wrench into your retirement plans. The good news is, you can probably sell the wrench for $10 on eBay!”
Copyright © Randy Glasbergen

Trivia
Which president is on the US $100 bill?
See the answer below.

Millennial Money: 3 ways to curb a shopping urge
Shopping can be a form of relaxation, an entertaining way to spend time or even a hobby. But it can turn into an expensive habit …
ABC News

What Year Was It?

Great Emigration Departs for Oregon

A massive wagon train, made up of 1,000 settlers and 1,000 head of cattle, sets off down the Oregon Trail from Independence, Missouri.
The day was May 22. What year was it?

Quote of the Week
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
Paul Samuelson

Trivia Answer
Which president is on the US $100 bill?
Answer: None. It shows Benjamin Franklin, who has never been president.

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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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