Your Butt Dialing Costs Us All Big Money
We’ve all done it before. It’s that infamous term people call ‘pocket dialing’ or ‘butt dialing’. It’s that time when you get a call from someone unexpected and after the third time you’ve said ‘hello’, ... Read MoreIs it smart to get tax refund?
Around tax time, we often hear the question, “Is it smart to get a tax refund?” The answer really falls into the ‘it depends’ category.
In general, I am not a big fan of getting refunds. Anytime in today’s world that you give the Government an interest free loan of your money for a year is probably not a good idea. When you get a refund, you withheld too much money out of your paycheck over the course of the year. When your actual tax calculation is done at year end, you will receive the excess withholding back in the form of a refund. This means that you should really sit with your accountant, CPA, or financial advisor and adjust that withholding number for the current tax year. If you are going to put more money back into your paycheck, make sure you have those dollars systematically saved into some type of savings or investment vehicle so you don’t spend it during the year.
Some people like getting that annual refund to pay off credit card bills, do home repairs, or simply take a vacation. It can be seen as a form of forced savings for some individuals which is where the refund can be a good idea. This is only true if you lack the discipline to save the money during the course of the year. This can easily be resolved by having the money come out of your paycheck automatically.
Generally speaking if you owe more than $1,000 or you got a refund more than $1,000, it is probably time to take a closer look at your tax planning and overall withholding strategy. The idea of good tax planning is to get as close to zero as humanly possible. Even though interest rates are low for most banks right now, you would always rather earn some interest on your money than putting it in the hands of the Government for free for a year.
Related Articles – Great Small Business Tax Deductions, 2010 Mileage Rates!, The Top 10 Most Overlooked Tax Deductions, Tax Changes For 2010
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc.
Request a FREE consultation: www.oxygenfinancial.net
11680 Great Oaks Way, Suite 175 | Alpharetta, GA 30022
Phone 1.800.355.9318 or 770.777.0427
oXYGen Financial, Inc. co-CEO Ted Jenkin is one of the foremost knowledgeable professionals in giving financial advice to the X and Y Generation.
TED JENKIN IS SECURITIES LICENSED THROUGH INVESTACORP, INC. A REGISTERED BROKER/DEALER MEMBER FINRA, SIPC. ADVISORY SERVICES OFFERED THROUGH INVESTACORP ADVISORY SERVICES, INC. A SEC REGISTERED INVESTMENT ADVISORY FIRM. Linked sites are strictly provided as a courtesy. Investacorp, Inc., and its affiliates, do not guarantee, approve nor endorse the information or products available at these sites nor do links indicate any association with or endorsement of the linked sites by Investacorp, Inc. and its affiliates.
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Top 10 After Christmas Deal Websites
Top Ten After Christmas Shopping – Savings and Deal Websites
This is not a be all end all list, but a few of my favorites:
- www.overstock.com
- www.amazon.com
- www.walmart.com
- www.slickdeals.net
- www.dealio.com
- www.become.com
- www.barnesandnoble.com
- www.dealhack.com
- www.shoppingguru.com
- www.dealnews.com
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc.
11680 Great Oaks Way, Suite 175 | Alpharetta, GA 30022
Phone 1.800.355.9318 or 770.777.0427
Request a FREE consultation: www.oxygenfinancial.net
oXYGen Financial, Inc. co-CEO Ted Jenkin is one of the foremost knowledgeable professionals in giving financial advice to the X and Y Generation.
TED JENKIN IS SECURITIES LICENSED THROUGH INVESTACORP, INC. A REGISTERED BROKER/DEALER MEMBER FINRA, SIPC. ADVISORY SERVICES OFFERED THROUGH INVESTACORP ADVISORY SERVICES, INC. A SEC REGISTERED INVESTMENT ADVISORY FIRM. Linked sites are strictly provided as a courtesy. Investacorp, Inc., and its affiliates, do not guarantee, approve nor endorse the information or products available at these sites nor do links indicate any association with or endorsement of the linked sites by Investacorp, Inc. and its affiliates.
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Top 10 Credit Card Comparison Resource Sites
Top Ten Compare Credit Card Web Sites
- www.CardOffers.com
- www.CreditCards.com
- www.Credit-Card-Surplus.com
- www.Creditland.com
- www.CreditCardGuide.com
- www.MyCreditCard.com
- www.BestMileageCards.com
- www.CardRatings.com
- www.PlasticRewards.com
- www.Bankaholic.com
You can also check out the other Credit card articles I have written : Is It Time To Change Credit Cards? , Overdraft Changes On Your ATM Card , Calling All Students- Credit Card Last Call
and Should you finance your company with a credit card?
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc.
oXYGen Financial, Inc. co-CEO Ted Jenkin is one of the foremost knowledgeable professionals in giving financial advice to the X and Y Generation. Visit oXYGenFinancial Now
TED JENKIN IS SECURITIES LICENSED THROUGH INVESTACORP, INC. A REGISTERED BROKER/DEALER MEMBER FINRA, SIPC. ADVISORY SERVICES OFFERED THROUGH INVESTACORP ADVISORY SERVICES, INC. A SEC REGISTERED INVESTMENT ADVISORY FIRM. Linked sites are strictly provided as a courtesy. Investacorp, Inc., and its affiliates, do not guarantee, approve nor endorse the information or products available at these sites, nor do links indicate any association with or endorsement of the linked sites by Investacorp, Inc. and its affiliates.
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Ted Jenkin – LIVE on Sports Radio 790 the zone 9:40 am today!
Join Ted Jenkin CFP® co-CEO of oXYGen Financial – LIVE on Metro Atlanta’s very own 790 The Zone – Mayhem in the A.M. this morning at 9:40 AM. Click HERE to Listen LIVE NOW!
Mayhem in the A.M. is the flagship of 790 The Zone; Monday thru Friday from 6am – 11am. It boasts the proud distinction of being the longest-running sports show in Atlanta. Hosts Steak Shapiro, Nick Cellini, and Chris Dimino are among Atlanta’s most revered personalities and some of the best in the business. This award winning show delivers top-notch guests to the masses and gets to the point with explosive talk and information.
Click HERE to Listen LIVE NOW!
Breathe Easier® About Your Financial Future
11680 Great Oaks Way, Suite 175 | Alpharetta, GA 30022
Phone 1.800.355.9318 or 770.777.0427
TED JENKIN IS SECURITIES LICENSED THROUGH INVESTACORP, INC. A REGISTERED BROKER/DEALER MEMBER FINRA, SIPC. ADVISORY SERVICES OFFERED THROUGH INVESTACORP ADVISORY SERVICES, INC. A SEC REGISTERED INVESTMENT ADVISORY FIRM. Linked sites are strictly provided as a courtesy. Investacorp, Inc., and its affiliates, do not guarantee, approve nor endorse the information or products available at these sites, nor do links indicate any association with or endorsement of the linked sites by Investacorp, Inc. and its affiliates.
Click HERE to Listen LIVE NOW!
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