October 17th, 2018 Newsletter

Beware: Social Security Can Make Your Taxes Soar
There are still a few months before tax season begins, but for retirees on a fixed income, any hint of a higher tax bill requires careful pre-planning. For the most part, typical American retirees generally have modest incomes and …
Fox Business

The New Kiddie Tax: How It Might Change Gift Giving
Take a good look at the new Kiddie Tax before making gifts to children and grandchildren. The Tax Cuts and Jobs Act greatly simplified the Kiddie Tax …
Forbes

Here are the best and worst states for taxes
With federal income tax rates for all taxpayers down as of this year, you might be looking forward to a lower tax bill for 2019. Of course, what …
CNBC

Is Retiring Abroad a Good Financial Solution for You?
When my grandparents retired, they moved to South Carolina. They thought it was exotic. Being used to frigid Ohio winters, they found the fact …
Investor Junkie

Retirees, Avoid These 11 Costly Medicare Mistakes
Medicare covers the bulk of your health care expenses after you turn 65. But Medicare’s rules can be confusing and mistakes costly. If you don’t …
Kiplinger

On Extension? You May Still Have An Opportunity To Save For Retirement For Last Year
Now that we’re in the fourth quarter of 2018, most Americans are hoping they have sufficiently funded their 401k, 403b or IRA for the …
Forbes

What are the tax implications of a life insurance policy loan?
Taking out a loan against your life insurance policy does not count as taxable income, according to the IRS. However, if you surrender your …
Investopedia

Here’s the Earliest Age to Collect Social Security
For the vast majority of Americans, the earliest possible age to collect Social Security is 62. But there are some circumstances in which younger …
Fox Business

Nearly 40 percent of millennials say saving for retirement is not a priority
When you’re in your 20s, retirement can seem impossibly far away. Investing for something that’s some 40 years in the future may feel a bit like …
USA Today

The 5 Things People Ask Potential Advisers and Why They Are Wrong
We recently had a prospective client ask us to send out our Form ADV Part 2. That was their only question. This SEC filing is essentially a marketing …
Kiplinger

Here’s How You Can Stop Living Paycheck to Paycheck In 3 Simple Ways
Do your bills give you anxiety every month? If so, there is nothing wrong with your bills. There may be something wrong with you. Do you find …
Forbes

“The new Tax Reform plan is simple and efficient. Toss all your money into the air, whatever lands in your pocket, you get to keep.”
Copyright © Randy Glasbergen

Trivia
Fill in the blank: Calvin Coolidge once said: “The _______ of America is business”. Bridesmaid, backbone, business
See the answer below.

How to Avoid the Financial Mid-Life Crisis
By Chad Smith via Iris.xyz If you’re a mid-career professional, life is full of demands. You’ve worked incredibly hard to get here. You’re sandwiched …
Fox Business

What Year Was It?

Capone Goes to Prison

Gangster Al Capone is sentenced to 11 years in prison for tax evasion and fined $80,000, signaling the downfall of one of the most notorious criminals of the 1920s and 1930s.
The day was Oct 17. What year was it?

Quote of the Week
“Beware of small expenses; a small leak will sink a great ship.”
Benjamin Franklin

Trivia Answer
Fill in the blank: Calvin Coolidge once said: “The _______ of America is business”. Bridesmaid, backbone, business
Answer: Business

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Austin, TX 78750

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