Breaking News!!! Looks like we will get a two month extension on the payroll tax cut later today. The house and senate have apparently agreed after all. See this article on Yahoo News from Reuters written by Thomas Ferraro and Richard Cowan:http://news.yahoo.com/speaker-boehner-surrenders-tax-showdown-023308973.htmlI will try to give more details (if any) on Monday, but what a Christmas Present (beats a fruitcake, that is for sure!) You can count on us to count for you!
Brian’s Financial Musings
Remember the Christmas Club? Banks had special accounts you put money away in during the year so you had money for Christmas and the holidays. Now most banks don’t offer them any more. This aritcle by the Sacramento Bee discusses them:http://www.sacbee.com/2011/12/18/4128575/holiday-accounts-simplify-saving.htmlJust remember you don’t need a special account to save for Christmas. Set up an online savings account or just a regular account at your bank and establish a monthly amount to automatically put into it. There is your Christmas Club account. You can count on us to count for you!!
Brian’s Financial Musings
If you have a financial advisor, how do you pay them? There are so many ways now it will make your head spin. See this article from the Wall Street Journal:http://online.wsj.com/article/SB10001424052970204554204577024152103830414.htmlHowever your advisor gets paid, make sure he is up front with you on how he gets paid. If fact if he is licensed in California he is required to disclose up front how he is paid. Check out the financial advisors on my website:https://briantstonercpa.com/Resources.html They are always upfront with how they get paid and what you are getting for your money. Any questions? Call me at 818-317-6035 or email me at bstonercpa@sbcglobal.net You can count on us to count for you!