November 22nd, 2017 Newsletter

Nov 22, 2017
What is the ‘death tax,’ and who pays it?


Will the government tax your estate when you die, taking assets you hoped to hand down to your heirs? The answer, under the current rules, is that it depends. Both the federal government and some states charge an estate …
USA Today

Most-Overlooked Tax Breaks for Investors
With Congress attempting the most sweeping overhaul of the nation’s tax laws in a generation, this could be your final chance …

Not Enough Money to Start a Business? Here’s How to Get It
Many entrepreneurs turn to personal or business loans to fund their entrepreneurial ventures, but with only 20% of businesses …

Is Your Income Keeping Pace With the Average American?
Knowing how average American income is changing over time isn’t going to solve your financial worries, but it can help inform …
Fox Business

How To Find and Negotiate The Best Year-End Vehicle Purchase
The time between Thanksgiving and New Years is a great time to buy a new vehicle. Dealers and manufacturers are extra motivated to move …

How do you tell when it’s the right time to retire?
I don’t know of any generally recognized gauge or barometer for calling it a career, but I can tell you that the decision to retire …
CNN Money

Gifting a Life Insurance Policy to a Charity
One often-overlooked way to magnify your magnanimous charitable donation is to consider gifting an unneeded life insurance policy …

What’s considered to be a good debt-to-income (DTI) ratio?
A debt-to-income ratio (DTI) is a personal finance measure that compares the amount of debt you have to your overall income. Lenders …

A Foolish Take: Here’s how much debt the average U.S. household owes
The average American household carries $137,063 in debt, according to the Federal Reserve’s latest numbers. Yet the U.S. Census Bureau …
USA Today

403(b) Plan Contribution Limits in 2018
Most workers have heard of 401(k) plans Opens a New Window. and their usefulness in saving toward retirement, but there are other …
Fox Business

10 Most Tax-Friendly States for Retirees, 2017
These 10 states impose the lowest taxes on retirees, according to Kiplinger’s 2017 analysis of state taxes. All of them exempt Social …

“If my mutual funds grow an average of 7% per year, then that would be 49% in dog years, right?”
Copyright © Randy Glasbergen
There is a $1 bill and a $2 bill. How about a $3 bill?
See the answer below.
U.S. Household Debt Reaches New Record as Some Delinquency Rates Rise
Flows into delinquency have risen in recent years for credit-card and auto debt. Delinquency rates have been creeping higher for certain …
The Wall Street Journal
What Year Was It?

John F. Kennedy Assassinated

John F. Kennedy Assassinated

John Kennedy, the 35th president of the United States, is assassinated while traveling through Dallas, Texas, in an open-top convertible.
The day was Nov 22. What year was it?

Quote of the Week
“If the financial system collapses, it’s really, really hard to put it back together again.”
Henry Paulson
Trivia Answer
There is a $1 bill and a $2 bill. How about a $3 bill?
Answer: There actually was a $3 bill in the early 1800s, but only a few were ever printed by banks.
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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