Sometimes the financial industry has trouble writing content for the everyday person. Jargon and financial terms go over people’s heads. If you’re looking for simplified, easy to understand content – check out the Mullooly Asset Management blog!
Here’s what I’ve been reading this morning:
‘U.S. Inflation Accelerates to 40 Year High’ – Gwynn Guilford – The Wall Street Journal
- The fact that higher inflation has returned the economy is certainly no secret at this point, but the numbers keep coming out pointing towards more record-setting marks lately. This article addresses the latest high watermark for inflation.
‘Here are Some Scams That May Cost You This Tax Season’ – Greg Iacurci – CNBC
- We’re getting into the swing of things with the 2021 tax filing season, and as usual there are tax scams to beware of! This article looks at a few scams that could end up costing people some serious money this tax season. Don’t be one of them!
‘Golden Age Thinking’ – Ben Carlson – A Wealth of Common Sense
- Don’t you wish you could go back to the “good old days”? If you’re like most Americans, the answer is yes! However, as Ben writes, it’s hard to recognize those “good old days” while you’re living through them.
‘What to Know About the Differences Between Tax Credits and Deductions’ – Kate Dore – CNBC
- Tying back to the second link today, it’s tax time again! There are some very important distinctions for people to understand about their taxes. One of those being the difference between a tax credit and a tax deduction. While they sound similar, they mean very different things!
ENJOY!
