It doesn’t seem it was a year ago that we celebrating Labor Day (and the return of football and the kids going back to school) but here it is! See this list of fun facts from KIISFMs site by Mike Martinez:http://kisselpaso.com/labor-day-fun-facts/So have a cold one and turn up the barbeque, cause the end of summer is here! 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 Follow me on Twitter! @bstonercpa
Your credit card rewards may go up in smoke
Don’t stockpile credit or debit card rewards or they may go up in smoke! See this post in The Wall Street Journal by Jennifer Waters, MarketWatch to get more details about this issue:http://www.marketwatch.com/story/quit-stockpiling-your-credit-card-rewards-2013-08-23You know the old saying about use it or lose it. Looking more and more like this will keep happening and the rewards providers don’t have to give any warning at all. So if you have cash rewards or other things you can cash out quickly, so it and put into a savings account and let it accumulate that way!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 Follow me on Twitter! @bstonercpa
How $40k can add $1 million to retirement
This is an interesting little tidbit and a bid to wait another year before taking out your retirement savings. See this article by Paul Merriman In MarketWatch for The Wall Street Journal:http://www.marketwatch.com/story/how-40k-can-add-1-million-to-retirement-2013-08-21?dist=lcountdownI look at it this way, compounding can greatly change the amount of retirement distributions over time. My only question in this example is that if you retire at 65 you have to live to 108 to get the million. (Thirty years seems a more reasonable calculation period.)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 Follow me on Twitter! @bstonercpa