October 24th, 2018 Newsletter

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10 Sources of Nontaxable Income
The Internal Revenue Service defines income as any money, property or services that taxpayers receive. All types of income are taxable unless they are specifically excluded by law. There are a few exceptions, though, and they’re …
Investopedia

Tax breaks for teachers
The flood of education-related tax advice that seems to crest during back-to-school season often centers on students or their parents. But …
ABC News
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Picking the wrong vehicle could cost you an extra $3,400 a year in expenses
The overwhelming majority of U.S. households (95 percent) own a vehicle, and for 85 percent of Americans, it’s how they get to work. But not all …
USA Today

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Student Loans Are Derailing Millennials’ Savings Efforts
Though the student loan crisis is by no means limited to younger adults, millennials, in particular, are saddled with educational debt and it’s …
Fox Business
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Social Security Does Not Add To The Federal Deficit
This is not a political column, it’s a push back on the political distortion of legal and math facts about Social Security. Recently political leaders …
Forbes

How Is Your 401(k) Taxed When You Retire?
You’ve done the right thing by contributing to your 401(k) up to what your company would match. You’ve also monitored the account and made changes …
Investopedia
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Early Retirees, Manage Income to Snare a Health Insurance Subsidy
If you retire early and have to buy health insurance on your own, those premiums are likely to be some of your largest expenses until you turn …
Kiplinger

Here’s Social Security’s Earnings Limit for 2019
Social Security has announced a slate of changes for 2019 Opens a New Window. that everyone should be aware of. One of the most important changes …
Fox Business
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What To Do When Not Just Any Travel Insurance Will Do
To celebrate her 60th birthday, Andrea Shelly booked a trip to Tanzania and Rwanda through Butterfield & Robinson, a luxury tour operator. She …
Forbes

Why would someone change their Social Security number?
In general, the Social Security Administration, or SSA, does not encourage citizens to change their Social Security numbers or SSNs. However …
Investopedia
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A Retirement Checklist: 8 Steps to Take Now
Retirement should be like a second childhood … without parental supervision. I believe that’s doable for most people, but it takes planning …
Kiplinger

Cartoon
“I never knew it was so easy to get rich. Just type ‘money’ into your GPS.”
Copyright © Randy Glasbergen
Trivia
Who is the primary competitor for Spacely Sprockets?
See the answer below.
15- vs. 30-Year Mortgages: Which Is Best for Me?
15-year mortgages and 30-year mortgages appeal to different audiences. One helps you reduce the overall cost of your mortgage in exchange for a …
Fox Business
What Year Was It?

Hostage Crisis in the Moscow Theater

What Year

About 50 Chechen rebels storm a Moscow theater, taking up to 700 people hostage during a sold-out performance of a popular musical.
The day was Oct 23. What year was it?

Quote of the Week
“If money is your hope for independence you will never have it. The only real security that a man can have in this world is a reserve of knowledge, experience, and ability.”
Henry Ford
Trivia Answer
Who is the primary competitor for Spacely Sprockets?
Answer: Cogswell Cogs
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