In case you didn’t know, there are many situations where children qualify for social security benefits, including when one or more of their parents are disabled, retired or deceased. See this article in MarketWatch at the Wall Street Journal by Stephen Williams and see if anyone you know might qualify: http://www.marketwatch.com/story/social-security-benefits-for-kids-2014-06-26 The sad thing is a lot of these benefits are being left on the table by nonapplication for them. Many people know about benefits for kids under 18 when a parent is deceased, but the other catagories are not being used to their fullest extent. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
CPA Financial Musings: About a quarter of Americans have no emergency savings, poll finds
It looks like over a quarter of all American have no emergency savings. See this article in the Mercury News from Jim Puzzanghera of the Los Angeles Times: http://www.mercurynews.com/business/ci_26019267/about-quarter-americans-have-no-emergency-savings-poll One thing I did notice is that fewer people say they have no savings than a year ago, plus fewer say they have less than six months earnings saved. So even though more people have fewer than three months earnings saved, that reduction may be attributed to them getting the six months earnings saved. Overall it might be a slight improvement, as some people with no savings are starting to save, and some with three months earnings a year ago now have six months saved. So the quarter that have no savings is bad, but starting to improve. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
General Musings of a Burbank CPA: Am I Happy?
With all our job and time responsibilities today and as a small practitioner looking for those bigger and better clients, this simple question can be a hard one to answer. Look at this article in AccountingToday by Edward Mendlowitz for his insight in how to possibly answer this question: http://www.accountingtoday.com/news/managing_practice/art-of-accounting-am-i-happy-71034-1.html This can be as simple as ignoring things and people that make you unhappy or structuring your life to keep things in your ‘happy’ zone, but it is more than that – it should be an outlook on things that is independent of outside influence. Years ago I found this writing by Charles Swindoll called ‘Attitude’ that helped me rethink how I responded to people: “The longer I live, the more I realize the impact of attitude on life. Attitude, to me, is more important than facts. It is more important than the past, than education, than money, than circumstances, than failures, than successes, than what other people think or say or do. It is more important than appearance, giftedness or skill. It will make or break a company…a church….a home. The remarkable thing is we have a choice every day regarding the attitude we will embrace for that day. We [...]