As posted on The Infographics Show YouTube Channel on 12/25/18 "Oil is the lifeblood of our civilization. It powers every single aspect of our modern lives. But what happens if the tap were turned off permanently?" The Infographics Show: Facts are fun, but most are presented in a boring and badly edited videos. The Infographics Show focuses on making animated motion infographic videos, made in a fun and entertaining way. ...
As posted on Peak Prosperity.com and the Chris Martenson's Peak Prosperity YouTube Channel In his 12/29/18 Weekly News Update, Chris Martenson discusses the volatility of markets and the role Central Banks have played in creating massive financial bubbles throughout the world. Chris Martenson, is a former American biochemical scientist and Vice President of Science Applications International Corporation. Currently he is an author and trend forecaster interested in macro trends regarding the economy, energy composition and the environment at his site, www.peakprosperity.com....
With the dawn of 2019 on Tuesday, here’s a quick list of tax and financial to-dos you should address before 2018 ends: Check your FSA balance If you have a Flexible Spending Account (FSA) for health care expenses, you need to incur qualifying expenses by December 31 to use up these funds or you’ll potentially lose them. (Some plans allow you to carry over up to $500 to the following year or give you a 2½-month grace period to incur qualifying expenses.) Use expiring FSA funds to pay for eyeglasses, dental work or eligible drugs or health products. Max out tax-advantaged savings Reduce your 2018 income by contributing to traditional IRAs, employer-sponsored retirement plans or Health Savings Accounts to the extent you’re eligible. (Certain vehicles, including traditional and SEP...
Do you have investments outside of tax-advantaged retirement plans? If so, you might still have time to shrink your 2018 tax bill by selling some investments • you just need to carefully select which investments you sell. Try balancing gains and losses If you’ve sold investments at a gain this year, consider selling some losing investments to absorb the gains. This is commonly referred to as “harvesting” losses. If, however, you’ve sold investments at a loss this year, consider selling other investments in your portfolio that have appreciated, to the extent the gains will be absorbed by the losses. If you believe those appreciated investments have peaked in value, essentially you’ll lock in the peak value and avoid tax on your gains. Review your potential tax rates At the...
Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute tax moves business owners should consider: Postpone invoices. If your business uses the cash method of accounting, and it would benefit from deferring income to next year, wait until early 2019 to send invoices. Accrual-basis businesses can defer recognition of certain advance payments for products to be delivered or services to be provided next year. Prepay expenses. A cash-basis business may be able to reduce its 2018 taxes by prepaying certain expenses — such as lease payments, insurance premiums, utility bills, office supplies and taxes — before the end of the year. Many expenses can be deducted up to...
As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the spirit of the season and as a year-end tax planning strategy. But with the tax law changes that go into effect in 2018 and the many rules that apply to the charitable deduction, it’s a good idea to check deductibility before making any year-end donations. Confirm you can still benefit from itemizing Last year’s Tax Cuts and Jobs Act (TCJA) didn’t put new limits on or suspend the charitable deduction, like it did to many other itemized deductions. Nevertheless, it will reduce or eliminate the tax benefits of charitable giving for many taxpayers this year. Itemizing saves tax only if itemized deductions exceed the standard deduction. For 2018...
With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education. The "Millennial Money" series of videos seeks to provide young people with some important economic concepts that they didn't learn in school. Previous episodes of "Millennial Money" Blog #446 - How Debt Can Generate Income Blog #451 - The Biggest Mistake Young People Make Robert Kiyosaki is best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us...
As posted on The Infographics Show YouTube Channel on 12/14/18 How do petrodollars affect the United States Dollar and the world economy? What would happen if oil were no longer exchanged in dollars? The Infographics Show: Facts are fun, but most are presented in a boring and badly edited videos. The Infographics Show focuses on making animated motion infographic videos, made in a fun and entertaining way. ...