November 7th, 2018 Newsletter


Last-Minute Tax Tips to Lower Your 2018 Tax Bill
Moves you make between now and the end of the year can have a significant effect on how much tax you have to pay next April, particularly when it comes to investments you might hold outside a retirement account. But time is running …

Start Over With The IRS
Taxpayers who are unable to pay the money that they owe the Internal Revenue Service (IRS) are in a difficult position. Some filers who genuinely …

Tax Savings By Making Impact Investments In Opportunity Zones
Opportunity Zones are worth your time if you are an investor who wants to minimize realized gain taxes, maximize the social impact of your …

Treasury Expects to Issue Over $1 Trillion in Debt in 2018
The U.S. Treasury Department estimates it will issue more than $1 trillion in debt this year as higher government spending and sluggish tax revenues …
The Wall Street Journal

Your employer doesn’t offer a 401(k) plan? There are still ways to save
Nearly 42 million Americans work for small businesses. Just 14 percent of small employers offer a retirement plan, according to the U.S. Government …
USA Today

IRS increases contribution limits for retirement accounts
The IRS has increased the contribution limits for various retirement accounts for 2019. The Internal Revenue Service said Thursday that the …
ABC News

It’s Past Time We Change How Americans Save for Retirement
The provision that gives the name of America’s most popular retirement savings plan, section 401(k), will turn 40 this Tuesday. And in its first …

Saving for College: Life Insurance or 529?
A college education may be the key to a better job for most Americans, but it comes at an alarmingly high cost these days. The average bill …

10 Myths About Health Savings Accounts
When you’re choosing a health plan for the year — whether you get coverage through your employer or on your own — one option may be a …

The Biggest Risk To Your Nest Egg Now
From what I hear from readers these days, a lot of people out there are compulsively clicking the “refresh” button, living in fear of …

Questions older Americans should ask themselves before buying a home
Homebuyers approaching their golden years have become quite the force in the housing market. This year, 38 percent of people purchasing a house …
USA Today

“If you feel bad about having a lifespan of only 13 years, imagine paying taxes for 80 years!”
Copyright © Randy Glasbergen
There is a $1 bill and a $2 bill. How about a $3 bill?
See the answer below.
How to Navigate Spousal Benefits Under New Social Security Rules
The Bipartisan Budget Act of 2015 eliminated the popular couple’s Social Security claiming strategy of file and suspend with a restricted …
What Year Was It?

Magic Johnson Announcement

What Year

Basketball legend Earvin “Magic” Johnson stuns the world by announcing his sudden retirement after testing positive for HIV.
The day was Nov 7. What year was it?

Quote of the Week
“In all realms of life it takes courage to stretch your limits, express your power, and fulfill your potential… it’s no different in the financial realm.”
Suze Orman
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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