In the early part of tax season, the IRS reported that the average tax refund amount was lower than last year. While that news grabbed headlines, many of you wrote me asking for a deeper dive into tax preparation. Here is your tax boot camp for the first tax year of the Tax Cuts and Jobs Act (TCJA).
December has been a rough month for investors, the kind of month that makes even the most battle scarred veterans’ hold their breath and hope for a sign that the worst is over. Sorry to say that there is never such a sign, which is why the saying “they don’t ring a bell at the top or at the bottom!” came into being.
Every year, millions of Americans resolve to “do better” with their money and 2019 will be no different. According to Fidelity Investments’ New Year Financial Resolutions Study, for the tenth consecutive year the top three financial resolutions among Americans considering one are: save more (48 percent), pay down debt (29 percent) and spend less (15 percent).