My Money Tips Of The Week (6/16-6/20)

1. Did you know that 50-85% of your social security benefits may be included in your taxable income? Plan ahead to lower your tax bill at retirement.
2. Every financial product has give and take. If you are getting something like a guaranteed return, you are likely giving up something else. There is no free lunch with most financial products.
3. Are you negotiating with your creditors to get them to settle? Forgiven debt could be taxable income.
4. The cheapest company is not always the best company for Disability and Long Term Care Insurance.
5. You need an expert preparing your taxes if you own a small business or rental property. Now's a great time to get a 2nd opinion on your 2013 taxes.
6. Are you diligently tracking your monthly expenses? If not, stop scratching your head about why you aren't sticking to your budget!
7. I prefer a Credit Freeze over Identity Insurance.
8. The "record date" is the day you must own a stock or mutual fund to receive a dividend that quarter.
9. Age 50+? You're allowed to put an extra $1,000 in your IRA each year!
10. Never pay sales loads to buy mutual funds! Too many great No Load funds out there to choose from. This could save you tens of thousands!
11. There is no cookie cutter amount for your emergency fund. Base it on your access to other liquid assets and job stability.

 For more visit www.JasonQuallsCFP.com.