May 29th, 2019 Newsletter

Want a Bigger Tax Refund Next Year? Check Your Withholding!
We always advise our readers to keep tax refunds to a minimum to avoid giving Uncle Sam what amounts to an interest-free loan all year long. But we also acknowledge that some people still like big refunds and see them as a …
Kiplinger

3 Ways to Pay Less Tax on Your Investments
Investing is a great way to grow your wealth. But the money you earn on investments isn’t always yours to keep. Just as the IRS is …
Fox Business

Watch your credit card rewards pile up with these 5 tips
Just because summer’s approaching doesn’t mean your wallet gets a vacation. From graduation season and Father’s Day to the Fourth of …
ABC News

The Surprising Reason Younger Workers Aren’t Saving for Retirement
Setting funds aside for retirement isn’t a directive aimed solely at older workers. Quite the contrary: Younger workers are also advised …
Fox Business

Cutting Your Cost for Marketplace Health Insurance
Love it or hate it, it looks like the health insurance marketplace is here to stay. As of late 2018, the key piece of the health …
Investopedia

You Make This Much Prize Money
People often come up and tell me how much money I make in a year, which is funny because I don’t think it’s something I’ve ever said …
Forbes

Don’t Let Tax Concerns Keep You From Taking Care of Loved Ones
Regardless of how much money you’ve put away for retirement, the goal once you get there is to keep as much of it as possible. For you …
Kiplinger

The Big Mistake Most Lottery Winners Make
Every year, millions of people play the lottery Opens a New Window. , handing over their hard-earned money to try to get rich in …
Fox Business

Money tips for college grads who are about to get their first paychecks
When you’ve been living on a college budget, the first real paychecks from your post-graduation job can feel like more money …
USA Today

Retirement Plans: Pensions vs. Social Security
There are many different types of income that retired folks draw on, depending on what life during their working days was like. Two …
Investopedia

15 States With a “Marriage Penalty” in Their Tax Brackets
Of course, you marry for love…but the financial benefits of marriage are nice, too. Whether you’re a newlywed or you’ve reached your …
Kiplinger

“I hate to spoil a nice tradition, but paying a dollar for a child’s tooth isn’t the best way to invest your money. Let’s talk.”
Copyright © Randy Glasbergen

Trivia
Which building is on the back of the US $50 bill?
See the answer below.

Estate Planning for Single Parents
Every estate planning conversation eventually focuses on the children, whether they are still minors or are grown, established and …
Kiplinger

What Year Was It?

Mount Everst Conquered

Edmund Hillary of New Zealand and Tenzing Norgay, a Sherpa of Nepal, become the first explorers to reach the summit of Mount Everest.
The day was May 29. What year was it?

Quote of the Week
“Every time you borrow money, you’re robbing your future self.”
Nathan W. Morris

Trivia Answer
Which building is on the back of the US $50 bill?
Answer: The US Capitol.

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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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