September 25th, 2019 Newsletter

How Much Does a Dependent Reduce Your Taxes?
With President Trump’s new tax law, the child tax credit was raised from $1,000 to $2,000 per child for 2018 and 2019. Having qualified dependent children may also allow you to claim other significant tax credits, including …
Will Retirement Taxes On Roth IRAs And IRAs Impact You?
In this third article of my series on traditional IRAs and Roth IRAs, I provide comparisons to show the dynamics between these two instruments in the hope of answering whether a traditional IRA or Roth IRA is best for …

College graduates owe $29,000 in student debt
College graduates in 2018 are even deeper in debt than prior classes, signalling that the student loan crisis is swelling. Two in …

Financial Ratios – What Are They and How to Read Them?
From time to time, a company will share figures about itself that can provide insight into how well it’s functioning from a financial …
Investor Junkie

Understanding Interest Rates – and Why You Need to Care
It’s easy to lose sight of how interest rates impact our household finances amid a decade of tumultuous rate fluctuations. It may be …

5 Tips On How To Best Manage Your Finances If You’re Self-Employed
For Vanessa Duran becoming an accountant was as close to staying in the family business as she could have imagined. Her mom, also …

Does working past 70 affect my Social Security benefits?
Question: I am 67, still working and contributing to my 401(k) plan. I also have an IRA account elsewhere. I do not plan to file …
USA Today

Americans would rather pay a mortgage than rent
Bankrate senior economic analyst Mark Hamrick explains the decline in new home sales despite historic lows in long-term mortgages. Americans …
Fox Business

The Complicated Relationship Between Women and Finances
There can be no question — particularly in my family — that women play a vital role in household and family finances. Which makes …

New to adulting? Here’s what you need to know about credit
Recently, I went to apply for my first real apartment, but before they could tell me whether they wanted to offer me a lease, they needed …
USA Today

These states have the highest, lowest property tax rates: Report
If you want to avoid paying a high property tax rate, it might be time to head to Hawaii, according to a new report. Hawaii has the …
Fox Business

“If you factor in the money you didn’t lose on the investments you didn’t make, you’re doing quite well!”
Copyright © Randy Glasbergen
To a Wall Streeter, what is a shark repellent?
See the answer below.
20 Ways to Use Up Your Flexible Spending Account
If you have a flexible spending account (FSA)?—there are two kinds: one for health and medical expenses and one for dependent …
What Year Was It?

Central High School Integrated

What Year

Under escort from the U.S. Army’s 101st Airborne Division, nine black students enter all-white Central High School in Little Rock, Arkansas.
The day was Sep 25. What year was it?

Quote of the Week
“Never spend your money before you have it.”
Thomas Jefferson
Trivia Answer
To a Wall Streeter, what is a shark repellent?
Answer: Any device or strategy used to ward off a hostile takeover
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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