Five Holiday Gifts To Help Your Friends And Family Build Wealth

There is no doubt that this entire month is going to be spent hanging out at holiday parties, shopping at the department stores, and thinking about how fast each goes by as you get older.   While we will see all sorts of gadgets, clothes, and toys that you can buy this holiday season, perhaps it might be a good idea to consider a gift that could help one of your friends or family members build some wealth.  Here are my five your smart money moves that can help the ones you love increase their bottom line. uniquestockgift.com – What better way to help someone build wealth than actually purchasing them ONE share of stock? With Unique Gift Stock, you literally have hundreds of companies to choose from to buy one share of stock in a company and then give it away as a gift.   You can present the stock in a beautiful frame with a personalized plaque note.   From that ...

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Six Smart Ways To Save Money On Thanksgiving Dinner

Forty-six million turkeys will be ready to go during Thanksgiving this year. The American Farm Bureau Federation says the cost of a Thanksgiving dinner for 10 people will average $49.04, a 44-cent decrease from last year’s average of $49.48. Supermarkets are charging $21.76 for a 16-pound turkey, which works out to $1.36 per pound (and three cents less than the per pound cost in 2012).   However, we are interested in saving money, so here are six ways to cut down on cost for Thanksgiving dinner if you are working on a budget. Go Generic – There may be a few brands that you cannot live without for Thanksgiving, consider items such as salt, spices, frozen vegetables, and other items that can save you money without giving up the taste.   Generic brands at many stores have come up in quality over the past five years and in some cases have the same exact ingredients as the big brands. Go pot luck with your ...

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10 Reasons Why You Can Cut the Cable Cord Now

Did you know that the average cable bundle has 189 channels but the average subscriber only watches 17 of them  (or less than 10%) according to a Nielson study in 2014?  Consumers would like to pay for only the channels they watch and free themselves from the shackles of the cable bundle by cutting the cable cord.  Let’s look at the top 10 reasons why consumers can cut the cable cord now! 70+ Channels of Free Over the Air Channels For those here in Atlanta there are over 70+ free channels available via an HD antenna including all of the major networks such as NBC, ABC, CBS, Fox, CW and PBS.   These are delivered in High Definition (HD) quality which is better than cable/satellite. 100+ Cable channels available through streaming apps Most people don’t want to give up some of their cable channels such as ESPN, CNN, Fox News, etc. Services such as Sling TV and Sony Playstation Vue with ...

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Be Careful About “Washing” Out Your Tax Losses

With more investors trading stocks as a hobby and the number of day traders who have decided to take over their own portfolios, it is incredibly important that you recognize one little nasty piece of the tax code that can hurt you called the wash rule. The wash rule was set up to more closely define how tax losses can be taken for the short term trading of the same securities.   If an individual decided to sell or trade a security they own at a loss and within 30 days of the sale buys a substantially identical stock or security (or an option) their tax losses may be disallowed.  Remember, the rule can also apply if your spouse buys a substantial amount of the security as well. In our current tax code, the wash sale can affect your personal finances with the following consequences. You will not be able to “realize” or claim, the loss on the sale The disallowed ...

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Tricks To Spend Less Money At The Store

Stores and restaurants are really really smart at figuring out how to get you to spend more money.   These are time tested marketing techniques that you won’t even think about before or after you make your purchase.  The key for these stores, restaurants, and outlets is to make you feel good…..like you got a deal or you are special or you are one of the exclusive few that got this opportunity.   The goal is to separate you from your money.   Here are six traps to watch out for that will trick your brain into spending more money. THE NO DOLLAR SIGN TRICK —This one is most seen when you eat out at an upscale restaurant. You’ll notice that they will list a meal with the number 15 (note NO $$) or they will actually spell out in some artsy fartsy font By not showing you an actual dollar sign it literally makes you think less about money thus tricking your ...

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Five Important Things You NEED To Know About FAFSA

Most people relish the idea of figuring out how to get some free aid to help their families when it comes to taking care of college education.  However, year in and year out, families make multiple mistakes when it comes to filling out the Free Application For Student Aid (FAFSA).  This year, FAFSA has made multiple changes that need your attention to ensure your family has the best opportunity to reach your goal of getting some cash.  Here are the smart money moves you need to know: The Start Date Is Much Earlier Applications officially can be filed October 1st – January 1st This is a permanent change within the FAFSA system. It Will Much More Simple For Pulling Tax Information FAFSA will now use a ‘prior-prior’ method. This means that they will really be using two years prior to give everyone a chance to fully complete their tax extension. Students applying for 2017-2018 tax year which would be the ...

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Quit Buying Stuff You Can’t Afford

Generation X is classically defined as people born between the years 1965 and 1979.    Pretty much those of you in your late 30’s and now, *GULP* into the early 50’s.  Having given personal financial advice to thousands of people, I can tell you that many of you who were born 1960 to 1964 fit within the Generation X type of financial and personal attitude.   Since I am 47 and have had a good deal of financial success on my own, I’ve noticed some big mistakes that I see my generation making with their money and how they think about money.    One of the main problem with our generation is that it seems we can defy gravity when it comes to buying anything but savings for our own future. Where do you think we should take the kids away for spring break this year?      Should we go away for Thanksgiving or would it be better during the holiday season?    I know ...

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Don’t Be Fooled By Hillary’s Small Business Plan

I usually don’t read the USA today, but I happened to have a chance to read an article recently (http://usat.ly/2bVCjaz) about Hillary Clinton’s plan to be the President for small business owners.   I was intrigued by the article to see what real change might be coming and as an entrepreneur of many businesses I quickly realized that the proposal was something that only the Stay Puff Marshmallow business person would actually gain any benefit from currently.    Here are the points from the article and then I’ll share on each point my insights on what meaningful proposals could really truly help small business owners do better.  BTW, I haven’t really seen any proposal from Trump yet at all but I do know what I hear from local owners every week Hillary Proposed Problem: Citing licensing and other burdens, Clinton’s campaign says it takes longer to start a business in the U.S. than in countries such as Canada or Denmark.  I laughed ...

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Five Apps You Need To Know To Impress Your Friends

With the thousands of apps you can download from your Apple or Android phones, every year you will learn of an app or two that you never knew of before.  You may wonder why in the world you really need to know about new apps when you don’t even use the ones you have on your phone now.  Not only are these apps super cool and have real pragmatic uses, but this is a way for you to impress friends or business acquaintances with something they had no idea existed. Best App To Share In A Sports Bar Or An Airline Club Lounge This app you need to know about in these scenarios is called Tunity.   Have you ever been watching five different TV’s in a sports bar and even though people are drinking and talking, you really want to hear what’s going on with your favorite game?   Or, have you been sitting in a club airline lounge and see ...

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How Did Apple Get A 14.5 Billion Dollar Tax

In the past week it was announced that the European Commission completed its investigation and concluded that Apple would need to pay back a 14.5 billion dollar tax to the EU.   While 14.5 billion only represents about 6% of the cash and investments Apple has on hand, the big question is what kind of precedence this might set for the future of big business overseas in light of the upcoming Presidential Election.   So, in simple terms, how did this tax even happen? This all started when Apple struck at tax deal with Ireland to locate their European Headquarters in Ireland in 1991.   Ireland create tax arrangement between now two Irish companies, Apple Sales International and Apple Operation Europe.    The profits that came from European sales for Apple were recorded in Ireland some of which were taxed and the majority of the profits were recorded through something called a “head office”.  In simple terms, this was an offshore company that wasn’t ...

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How To Do A Wedding For Under $10,000

Will you marry me?    That magical phrase is shared between two people in love every day whether it be on a baseball scoreboard or with the entire family watching in the living room.    Today student debt for Generation Y graduates is approaching an all-time high.  About two-thirds of college grads in the Class of 2015 will graduate with some student loan debt. The average debt is about $35,000. (source: www.wsj.com).  The real question couples should be asking when they tie the knot is “Am I marrying you or your debt?”   With two daughters of my own, I don’t know if I’ll be able to get away with a $10,000 budget, but here is how to plan a fabulous wedding and do it for under $10,000. The Day Of The Week and Limit Guests – Most of us would prefer Saturday as the day of the week we get married. If the weekend is the only choice you have, Sunday can ...

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Why Do College Education Costs Defy Gravity?

In the homes of parents today in their 40’s and 50’s, the debate about how to pay for the rising cost of college has become the topic of conversation.  It isn’t just the fact that while the Government says inflation remains really low, most parents are experiencing that cash flow management is becoming more of a problem than asset management.   So, why do college education costs continue to defy gravity in this low inflation environment. More Non-Teaching Jobs – Higher education payrolls have also been rapidly adding more non-teaching jobs in recent years. Public and private colleges and universities expanded their payrolls by 28 percent between 2000 and 2012, more than 50 percent faster than the previous decade, according to an analysis of higher education staffing by the Delta Cost Project. There are more student programs offered on big campuses, continuing to increase the necessity of these non-teaching positions. Competition For Talent – Ultimately, price is dictated by the law ...

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Trump vs. Clinton Tax Plans

While the election is kicking into high gear, there may be many reasons why you may choose one candidate over the other.  Or, you just may choose to vote for one of the independents this year.   Since I write a column mostly about smart money moves, it might be in the best interest of your family to understand the basics of what the candidates are proposing for tax overhaul and reform.  Here is the high level of Trump v. Clinton for income taxes. PERSONAL INCOME TAX Trump is proposing we move to four tax brackets 0%, 10%, 20%, 25%. More importantly, he is wanting to make the standard deduction for single people at $25,000 and for married couples $50,000 which means those families will pay no tax at all. Clinton is going to hold the same general similar tax bracket structure we have in today’s world. However, she is looking to make two major changes: one being a 4% surtax ...

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VIDEO: Should Your Kids Be Required To Work In College

College teaches young adults all kinds of life lessons. Without your parents by your side every day, it will likely be the first time your child has complete autonomy over their life. This may be the first time your child will have a roommate. It could be the first time they have a serious partner. It may be the first time they are exposed to other cultures outside of the environment they grew up in at home. With the new found freedom and rigorous course load they are expected to take, should a child be ‘required’ to work while in college? The simple answer is NO. Sign Up For His Fun & Casual Financial Newsletter: http://eepurl.com/eBqro Check Out Ted’s Blog: http://www.yoursmartmoneymoves.com Breathe Easier with oXYGen Financial: http://www.oxygenfinancial.net Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with ...

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Seven Ways The Word SALE Messes With Your Brain

There are lots of four letter words in the dictionary that makes us do abnormal things. Words like FREE and ZERO are two of the most powerful marketing words that I have shared with you in the past columns at Your Smart Money Moves. However, possibly the most powerful word when it comes to spending money is the word S-A- L-E. It just makes us plain old buy things we wouldn’t normally do otherwise. Here are seven ways the word S-A- L-E changes the way you think about money. 1. Can I afford it? The word sale makes you remove the concept of do I need it to can I afford it? This small shift in thinking could push you over the edge to buy something simply because it now fits within the price range you had in mind. 2. I have no use for this – There are plenty of things that you own that you really never had ...

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How to Shop at Target with a Toddler and No Money in 31 Easy Steps (A Not-So-Foolproof Guide)

1.Have a stern talk with yourself beforehand: I am only going to buy a package of coffee. Only. Coffee. 2. Take a child along. A 12-year-old boy dragged away from video games would do the trick, but the ideal choice is a toddler, preferably a potty-trainer in the thick of the Terrible Twos. (No longer have a toddler of your own? Borrow one from a beleaguered young mother—she’ll kiss your feet in gratitude.) 3. Enter Target. Feel something warm and tingly light up inside of you. Good thing you brought a toddler to keep you in check, because you recognize the symptoms: the beginnings of Target High.* (*Target High: a euphoric state in which you gleefully buy everything you see at Target. Symptoms include dizziness, shortness of breath, giddiness and compulsive credit-card swiping.) 4. Strap the child into a cart. She starts whining, a Toddler Time Bomb already ticking. Hand her a cereal bar to buy yourself eight minutes. 5. Decide ...

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VIDEO: Where To Invest In A Trump Presidency?

Americans aren’t quite sure what to make of this three ring circus we are calling a Presidential election. With the nomination fairly certain to be Donald Trump on the Republican side, there has been major discussion about what a Trump President might look like for the future of our economy. Will he borrow more money? Will he balance the budget? Will he build a wall? Will he bring jobs back to America? These are amongst the many issues that have been speculated about on the media outlets across the country. Here are my smart money moves on where to invest under a Trump regime… Read Full Article at: https://shar.es/1JMhPM ...

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Your Smart Money Moves with oXYGen Financial – 05/06/14

Taped 05/06/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial – 04/29/14

Taped 04/29/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial – 04/22/14

Taped 04/22/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial – 04/15/14

Taped 04/15/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial – 04/01/14

Taped 04/01/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial 3/18/14

Taped 03/18/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Should You Ever Borrow On A 401(k)?

For some of you a dreaded financial question may stare you in the mirror at some point in your life. Should you borrow against your 401(k)? While all initial responders in your body say no, there could be a few instances where borrowing against a 401(k) may actually make sense. Here is my smart money moves take on when to make yourself a loan. In general, it is not a smart financial move to borrow against your 401(k) plan. There are many individuals who are quitting their job and considering starting up a new business. In order to start their new entrepreneurial venture, they will likely exit from their current employer. The additional problem is where will the new entrepreneur find the capital to open up their new business? Instead of cashing in your old 401(k), one tremendously creative option to potentially fund a new business is to set up your new corporation and create a Solo 401(k) plan. Solo ...

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Your Smart Money Moves with oXYGen Financial 3/11/14

Taped 03/11/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial 3/04/14

Taped 03/04/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Five Tips For Ordering Wine When You Dine Out

We’ve all had that dinner where you go out with someone who is truly a wine snob.  Or so they think so.   There are few movie scenes better than watching Paul Giamatti in the movie Sideways as he sits alone in a fast food restaurant drinking his prized 1961 Chateau Cheval Blanc from a disposable coffee cup while he aggressively cuts away at his steak.   Going out to a fancy restaurant can be very intimidating when they wine list is present to you on your lap.   However, you shouldn’t get overly nervous because here are five smart money moves for ordering wine when you dine out. Avoid Ordering By The Glass– Restaurant owners generally try to make back the cost of a bottle of wine from the price of just one glass.  What sucks for you as well is that it’s likely the wine was opened already possibly even from the day before.   The bottom line is that you’ll get ...

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Your Smart Money Moves with oXYGen Financial 2/25/14

Taped 02/25/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial – 02/18/14

Taped 02/18/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Don’t Forget the $150 Drivers Education Tax Credit

Who knew? The Driver School License Training Act actually exists.   This is why Your Smart Money Moves is a top ranked blog.  We stay on top of these things so you can improve your bottom line.   You’ll be filing taxes soon, and if you live in the State of Georgia and have a child who took drivers education you can be eligible for this nice little tax credit.   As long as you took courses from a private school, you’ll be eligible for this 2013 state tax deduction. O.C.G.A. 48-7-29.5 (2010) 48-7-29.5. Tax credit for private driver education courses of minors; required documentation; rules and regulations (a) A taxpayer shall be allowed a credit against the tax imposed by Code Section 48-7-20 with respect to the amount expended by such taxpayer for a completed course of driver education for a dependent minor child of such taxpayer at a private driver training school licensed by the Department of Driver Services under Chapter ...

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Your Smart Money Moves with oXYGen Financial – 02/11/14

Taped 02/11/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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How Does The My RA Work?

Trapped in my office by the Snowpocalypse that hit Atlanta on last Tuesday, I had the opportunity to watch the State of the Union (#sotu) Address delivered by President Obama.   There is a whole lot of financial topics we could talk about on Your Smart Money Moves, but I’d like to review the topic around the new proposed investment vehicle called the MyRA.  Since we already have the SEP-IRA, SIMPLE-IRA, Rollover IRA, Roth IRA, Traditional IRA, Beneficial IRA, etc., wouldn’t it have just been easier to call it the My IRA instead of the new urban dictionary word called MyRA? The concept behind the MyRA account would be a new type of bond within a Roth IRA-type umbrella.  Contributions would not be tax-deductible, but earnings would be tax-free when you withdraw it in the future.  It’s unclear about how closely the rules on this account shadow the rules of the current Roth IRA. The investment vehicle would be a new ...

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Your Smart Money Moves with oXYGen Financial – 02/04/14

Taped 02/04/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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5 Tax Tips Before You File

It’s the beginning of February and your tax documents will be piling up by the day as a new mail from your mortgage companies, banks, and investment companies are sent out to you.   As you begin to stack up your pile of information to bring to the CPA or accountant, did you ever wonder if there are still ways you can save money on your 2013 income taxes before you hit the SEND button to the IRS?   Here are my 5 smart money moves on tax tips before your file away for another year. Contribute To An IRA- Whether this is a Traditional IRA or for small business owners/freelancers a SEP-IRA, these types of IRA contributions could still potentially be tax deductible for the 2013 calendar year even though the contributions and accounts were opened in 2014.   The biggest mistake individuals make is not investigating how these vehicles work or the adjusted gross income limits that would make things like ...

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Your Smart Money Moves with oXYGen Financial – 01/28/14

Taped 01/28/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial – 01/21/14

Taped 01/21/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial – 01/14/14

Taped 01/14/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial – 01/07/14

Taped 01/07/14 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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What Is An Appropriate Holiday Tip To Give?

Why is giving the right tip such a moral dilemma?  Year after year we are faced with the same problem, yet most of us have different solutions each time.  Was this a good year for me?  Was this a bad year for me?  Do I like this person less?  Do I like this person more? It’s enough internal dialogue to make you think you were front row for your own Woody Allen movie.   My mother was a fifth grade school teacher for her entire career.  We had many laughs over the gifts Mom got from kids in her class (which is why I guess they stopped this tradition). Your Smart Money Moves has prepared a holiday tipping guide for you this holiday season: Postal Worker- They can’t receive more than $20 anyways, so just stick to $20 cash.  If you really want do them a favor, use the post office more than you do today as pretty soon you could ...

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Your Smart Money Moves with oXYGen Financial – 12/17/13

Taped 12/17/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Setting and Making Realistic Financial New Year’s Resolutions

It is almost that time of season when you will begin to ponder your new year’s resolution.  Will it be exercise?  Will it be a new diet? Or will it have something to do with improving your family finances.  Making resolutions (or goals) can be a very difficult process because it often makes you face some of your own realities like it or not.   When you decide to set goals that are realistic, I have been a big cheerleader over the years to use the S-M-A-R-T goal setting system.  Here is how it works. *S is for Specific– Be very specific about what you are trying to accomplish.  Don’t tell yourself you want to pay down debt.  Instead, give yourself a specific goal such as paying off $10,000 of debt. *M is for Measurable– Have a way to track your progress.   In the last example, make a chart for paying off $833 a month and cross it off each month ...

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Your 2013 Year End Smart Money Moves

Believe it or not, 2013 will be a footnote in the history books in just three weeks.   As you scurry around to shopping malls and local outlet stores to find presents and stocking stuffers; make sure you don’t forget important money items, that can be worth a lot more than a plate of cookies on the fireplace mantle.  We often overlook some of these items, because we simply run out of time or they just pass by us because we don’t know about them at all.  Here are some year end ideas from the Your Smart Money Moves Column. Do you have a will/living trust? If they don’t have a written one, then the state they live in will have one for them.  My guess is that you don’t want the state to decide how your parent’s assets should be distributed.    The will has many features to it, but most importantly it allows for your parents to essentially say which ...

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Your Smart Money Moves with oXYGen Financial – 12/10/13

Taped 12/10/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial 12/03/13

Taped 12/03/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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IRS Retirement Plan Contribution Numbers For 2014

As you begin wrapping up your 2013 tax year and begin planning for 2014, you should take note of the announcements the IRS recently made for 2014 retirement plan contribution limitations. Depending on what happens with your overall salary and bonuses for 2014, you may need to adjust your percentage contribution within your paycheck so you don’t overfund your plan. Or, if you have freed up cash flow in 2014, you may be able to increase your overall contributions. Here are the important numbers to know for the Sunday paper edition of Your Smart Money Moves. (source: www.irs.gov) 401(k) – There was no cost of living adjustment this year. If you are under the age of 50, your maximum allowable employee deferral will be $17,500. Those who are 50 years of age or older will be able to put away an additional ‘catch-up’ contribution of $5,500 in 2014. If you have a solo/individual 401(k), you can put away up to ...

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How To Get Funding For Your Start Up Food Truck

You watch Atlanta Eats with Steak.  You listen to Mara on the Atlanta Eats Radio every Saturday. You are consumed with Top Chef, Chopped, and seeing every possible Iron Chef throwdown you can DVR.  Now, you’ve got the bug to start your very own business.  With the proliferation of the modern day food truck hitting the scene, how would you secure funding to start up your very own mobile food business?  Having worked with business owners over the past twenty years (and starting four companies myself), you should know in advance that starting a business is going to be really tough work (you can check out my entrepreneur series here on www.yoursmartmoneymoves.com).  So, what may be the best modern day ideas to get funding for your budding business? WWW.FOODSTART.COM– Foodstart is a crowdfunding business that was specifically built for the restaurant industry.   You can post up your new food truck or coffee shop idea and ask for donations to start your ...

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Your Smart Money Moves with oXYGen Financial 11/21/13

Taped 11/21/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial 11/13/13

Taped 11/13/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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The Georgia 529 Is The Perfect Stocking Stuffer

As we head into the holiday season, all families begin to deal with the “what do you want for . . .” time of year.   I suppose it really doesn’t matter if it is a birthday, Christmas, or some other special occasion, it seems to be more difficult every year to tell family members what to get for the kiddies.   Years and years of cleaning toys out of toy chests, drawers, and underneath the couches tell me the ghosts of Christmas past had many a toy that was used once and never again.  If you have a child with a 529 plan in the state of Georgia (www.path2college529.com), there is a process where you can encourage others to gift into the plan you set up for your child. STEP 1- In the middle of the screen, you will see this paragraph that will begin the process.  You can click the eGift button to begin getting the word to friends and family. ...

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Your Smart Money Moves with oXYGen Financial 11/05/13

Taped 11/05/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Six Ways To Not “StubHub” Your Toe On Sporting Tickets

I happened to be out in St. Louis last Friday night when game six took place between the Los Angeles Dodgers and the St. Louis Cardinals.   When I realized that the game would take place as the same time my travels had me in town, I decided to go on to StubHub to see what the prices looked like to get a ticket.   It seems as if concerts and sporting events go live in today’s world, you can’t even get a ticket direct anymore.  The ticket brokers are the only place you can actually buy a ticket unless you want to scalp the good old fashioned way.  When the prices came up minimally at $100 a ticket for ‘standing room only’ and went as high as $2,700 for front row type seats, all of a sudden the local bar at Gio’s didn’t seem to be such a bad idea.   So, how can you save money when shopping for sporting tickets?  ...

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Your Smart Money Moves with oXYGen Financial 10/29/13

Taped 10/29/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial 10/22/13

Taped 10/22/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Your Smart Money Moves with oXYGen Financial 10/15/13

Taped 10/15/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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$5 Or Less Cheap Eats Lunches In Atlanta

If you make $100,000 or more, you might wonder why you could still be living paycheck to paycheck. The truth is that dining, entertainment, and travel expenses continue to be a huge part of creating a personal spending plan for your family.  A good CEO (that’s you) knows that listening to their Private CFO® (that’s me) can help make a major dent on the bottom line.  You probably aren’t going to stop eating out a few days a week for lunch, so one idea is to simply look for the places around where you work to find lunch for $5 or less.   Most casual fare chain restaurants are designed to get you to $10, where a local joint can still get you to $5 or less. Victory Sandwich Bar (www.vicsandwich.com) – Where can you get any sandwich for $4?   Go to the Victory Sandwich Bar.   I might recommend the Mulligan (pimento cheese and ham) or consider the Weed Eater (hummus, ...

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Your Smart Money Moves with oXYGen Financial 10/08/13

Taped 10/08/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Should I Pay Off The Mortgage?

One of the more difficult questions that I get from both younger and older people alike is whether or not it is a good idea to pay off their mortgage. If you have locked in a low interest rate recently when they were hovering around all time lows, you are probably happy about not having to shop for a new mortgage. If your rate is in the 3% to 4% range, you may be wondering if you should take your excess monthly discretionary income to pay down your home note faster. Or, would it be a better idea to take that cash and invest it for the long term. This decision has both financial and emotional ramifications, so let’s review the pros and cons of paying off your mortgage. The first part of this analysis is the black and white calculations on whether your money can work harder for you than the interest rate you are paying on your debt. ...

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Your Smart Money Moves with oXYGen Financial 10/01/13

Taped 10/01/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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5 Ways To Enjoy Atlanta In The Fall On The Cheap

Fall is my favorite season of the year.   I’ve lived in many different cities, but fall in Atlanta is something magical.   Give me a day like this past Sunday where its 75 degrees, with a slight breeze, and blue skies, and the rest of the problems in the world just melt away for an afternoon.   The big question to ask yourself on days like this is, “What is the best way to spend my lazy Sunday?”   Well, if your wallet is tight like most, here are five ideas on how to enjoy the fall in the Atlanta without racking up a huge bill. Hit one of Georgia’s state parks–   Amicalola Falls State Park is a wonderful way to spend a day when the skies are clear blue.  At 729 feet, Amicalola Falls is the tallest cascading waterfall in the Southeast.  If you have the time and energy, there is even an 8.5 mile trail to Springer Mountain.  If you head ...

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Let Me Tell You How It Was When I Was A Kid

Remember.  Remember how thoroughly annoyed you got when your parents sat you down for that tongue lashing telling you about how spectacular your life is today compared to how it was when they were growing up.  Remember how you rolled your eyes with this incredulous look on your face when you scoffed at how your parent’s lives resembled Stone Age living compared to your posh life today.   Remember how eating out for your parents meant sitting on the picnic table in the backyard and now you actually get to eat out a McDonald’s.   I never wanted to be that guy, but I feel like Mr. Anderson from the matrix when subconsciously I hear the sounds of the train on the train track screaming inevitability. I’ve told myself for years that I would never pull that ‘let me tell you how it was’ trick on my children.   Well, that must mean it’s David Copperfield time because here are my rants about ...

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How To Get Rich with oXYGen Financial – 09/17/13

Taped 9/17/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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OTP: ‘Sip Wine’ In Milton Offers Four Money Saving Deals

Eat Well. Save Money. Come Back Hungry.  As we bring you more and more money saving deals in our financial bites column, we’ll be looking several times per month to give you deals at restaurants inside and outside the perimeter so you can make the most of your hard earned money.   Sip Wine, which is currently located in downtown Crabapple in Milton, GA, offers a huge selection of wine, tapas, and even has a full spread of the nitrous oxide machines to test out (with a pre-paid wine card) to taste a sip, half glass, or full glass of over 20 different wines. When I ate here last week, I discovered that Sip (we hear that they may open new locations in Cumming and in Toco Hills as well) offers four daily deals that you may want to take advantage of if you live in the North Atlanta suburbs: Sunday– 12 and under Kids Eat Free – they even have ...

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I Need A Pension Plan

We know that for years that planning for retirement was a three legged stool.   Pension plans, social security, and then whatever personal savings and investment plans you could muster up over the course of your lifetime.   With a great deal of uncertainty looming over social security and pension plans dwindling away from large corporations, I continue to stress to people that retirement planning feels more like a pogo stick than it does a stool. Product companies understand that the greatest way to attract customer is figure out how to fill a void in the marketplace.   As investors struggle to figure out the best way to plan for retirement, a fairly new type of fixed product has been gaining traction called a Deferred Income Annuity (DIA).   A deferred income annuity is a newer type of annuity that is essentially a mixture of a single premium immediate annuity and a single premium deferred annuity. With a DIA, the idea behind the vehicle ...

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Why Lyft Has Won My Heart

During the Labor Day holiday I was in San Francisco visiting some friends who live in the city (Market and 8th if you’re familiar). I typically like to drive everywhere but, if you’ve ever been to San Francisco a parking spot is a rarity. So, I decided to try something new and download the Lyft app. I’ve heard a lot about ride share programs before online and have seen the ads, but I had no idea how they worked until now. Here’s how you can get a ‘Lyft’: You download the Lyft app on your iPhone or Google Android Set Up your Lyft Profile with your name, a picture of your choosing, and credit card info After you’ve set up your profile you’re ready to request a ‘Lyft’. When you’re ready you can do so by simply clicking a button on your phone. In the app, it’ll show you how far your nearest Lyft driver is. After you push the button to ...

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How To Get Rich with oXYGen Financial – 09/10/13

Taped 9/10/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Should Your Child Wear A ‘LEAF’ To School

After your child gets their driver’s license, one of the next financial considerations is whether or not you should purchase another car for your household.   Some parents will buy their children a brand new Hummer while others will find clunkers that weren’t intended to be two-tone cars even though the hood is black the rest of the car is grey.   With advancements in technology, is it possible that getting a brand new electric car is a good idea? If you’ve read Your Smart Money Moves over the past five years, you know that I’m not a humongous fan of leasing cars.   However, in the case of electric cars, it can be quite advantageous, at least within the state of Georgia.   Consider what a lease would look like on the electric vehicle Nissan Leaf. An income tax credit is available for up to 20% of the cost to purchase or lease an electric vehicle, or $5,000, whichever is less. The credit ...

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Five Celebrities That Know How To Save Money

Most of the media generated stories about celebrities consist of shock and awe showing situations resembling the Titanic sinking into the ocean.   When it comes to personal finances, we read about those who didn’t pay their income taxes, stars that spent themselves into bankruptcy, and estate plans that went decidedly south after their death.    However, there are celebrities who understand a thing or two about money and here are five famous people who know how to improve their bottom line. Teri Hatcher Understands Used Cars– Teri Hatcher became famous through the Superman shows she did with Dean Cain and then hit a home run with the Desperate Housewives television show.   She’s reported to have a net worth of over $50 million dollars.  “I don’t spend my money on sports cars or new million-dollar houses. I drive my cars for 10 years until they have 100,000 miles on them.” (source www.msn.com)    Used car buying is a smart money move that can ...

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How To Get Rich with oXYGen Financial – 09/03/13

Taped 9/03/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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You Are A Sole Proprietor: How About A Solo 401(k)

I am seeing more and more people quit the corporate America lifestyle and venture into becoming their own business owner.  This shape of a business owner can be a freelancer, consultant, or someone who actually starts up a ‘brick and mortar’ operation.    Many of these folks will ask questions about whether they should incorporate their business, which I have discussed in other articles.    Once they become profitable, they often ask which kind of retirement plan would suit them the best.   For someone who is a sole business owner, the Solo 401(k) has been around for about a decade and provides a great alternative to helping maximize your retirement contributions.   Here’s a little history on the Solo 401(k) and how it can be a smart money move for your business. The Solo 401k came about in 2002 after Congress passed Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). EGTRRA added some small paragraphs to the tax code that put ...

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How To Get Rich with oXYGen Financial – 08/27/13

Taped 8/27/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Public School Is Not A Free Ride

By: Genna Jenkin The Your Smart Money Moves Mom Request a FREE consultation: www.oxygenfinancial.net Barely a week into our back to school routine and I’m already aware of some very disconcerting patterns forming.  The kids’ interest in helping get their lunches together is waning, bedtimes are not being adhered to and I’ve badgered them all about their homework more times than I’d like to count.  However, the most troublesome of all, is that every evening I find myself with my checkbook “paying” for my children’s public school education. Now don’t get me wrong, I understand that public education in this country can tend to get the proverbial short end of the stick, so I am well aware for the need to ask parents for some financial assistance.  It’s the changes I’ve seen since I enrolled my oldest in kindergarten (12 years ago) that concern me.  I’m sure that everyone with school age children can identify with the lengthy and detailed ...

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How To Get Rich with oXYGen Financial – 08/20/13

Taped 8/20/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Entrepreneur Series Lesson 10 – Passion, Persistence, and Perseverance

Lessons one through nine of my entrepreneur series were lessons extracted from my own business and other business owners across the country over the past twenty years.   Undoubtedly in your first year of business, you will make your fair share of mistakes like anyone starting a new venture.   There are so many valuable pieces of wisdom to learn as an entrepreneur, but here are my big three traits you must have to truly succeed in your business. Passion – Many business ventures people conjure up in their heads often revolve around the dreams of making a lot of money.  While building your wealth can be an outcome of a successful entrepreneurial pursuit, passion around your dreams is what will get you through the good times and the bad times.   When you get out of bed every day with emotions that are so compelling around what you are doing, it becomes easy to motivate others to get excited around that dream.    ...

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How Long Can I Carry Forward My Capital Gain Losses?

We are almost two-thirds done with 2013 and some of you haven’t even completed your tax returns.  For those of you who filed and finished your tax returns in April, most of that paperwork is neatly tucked away in your home filing cabinet.   Since the stock market has run up over the past year most investors have made gains in their stock and stock mutual fund positions.   However, the majority of tax payers never look at their capital losses from prior years to do effective tax planning.  So just how long can you carry forward your capital gain losses? First, you should be aware that you can sponge up capital gains year to year against any capital losses or carry forward losses that you have on your tax return.   This means if you have a carry forward loss of $30,000 from a prior year and had $30,000 of long-term capital gains here in 2013, you would essentially have a wash.   ...

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How To Get Rich with oXYGen Financial – 08/13/13

Part 2: Taped 8/13/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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5 Ways To Save Money At Department Stores

Gasp! Gasp! There’s nothing worse than having a white coated clinician spray some newly branded perfume on to a card and waft in your face as you gently stroll through the front doors of the department store.   You can get lost in a department store.   Some of them have three or four floors or if you take a trip over the pond to London take an afternoon to enjoy the ultimate department store in Harrod’s.   We shop at different department stores for different reasons, but here are five smart money moves tips for you if you choose to spend an afternoon trolling through racks of clothes and up and down escalators looking for a bargain. Start At The Clearance Racks– The upscale department stores are chock full of great merchandise.  Unfortunately for you, they don’t put it in the front of the store when you start shopping.  Work your way to the back of the store or to a particular ...

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Entrepreneur Series – Lesson 9 – Execution

I remember growing my career in management with a large Fortune 500 company when my Executive Vice President told me something one day.   He said, “Ted, execution is the one thing that separates the good from the great.  Let me put it to you this way.   If you don’t execute, you’ll be executed.”   I guess it’s hard to forget that, but it still rings true in my mind today.   Some of the best leaders and managers in business don’t achieve peak results because they simply don’t execute the plan. If you like to read, I highly recommend that you pick up a book written by Larry Bossidy and Ram Charan called Execution.  There is a wealth of knowledge in this book about execution, and how to be very successful at getting things done.    Here are three mistakes new entrepreneurs make when it comes to execution. Changing the plan too often– One of the sayings I love is that focus beats ...

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Entrepreneur Series – Lesson 8 – The Marketing Plan

Marketing your products and services is the lifeblood of a new business.   While you can ultimately have all kinds of long term business strategies, without having a steady stream of new revenue your new business venture can close up in a short period of time.   In my opinion, if you look at the three big areas of business: marketing, the actual product or service you are offering, and client service, marketing is the one driver that can help sustain a business even if the other two areas are slightly subpar.    There are really two parts to the marketing plan.   One section involves dealing with implementing strategies that will specifically drive new client acquisition.   The other arena is building the brand of your new company. Many new entrepreneurs substantially underestimate the time and money it will take do marketing in the first year of their business.    From a time perspective, your networking functions, community involvement, and meeting face to face with ...

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How To Get Rich with oXYGen Financial – 07/30/13

Taped 7/30/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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How To Get Rich with Fran Tarkenton & oXYGen Financial – 07/23/13

Taped 7/23/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Entrepreneur Series – Lesson 6 – Poor Staffing Decisions

One of the first things I heard when I got into management in my career is the phrase “you have to put the right talent on the bus”. While I understood its meaning, it took many years to realize how important hiring decisions are to grow an organization the right way. I also felt the pain of making poor hiring decisions, and how much time and productivity you can lose from just one bad hire. No entrepreneur lives in the panacea of having zero turnover as sometimes they might like to make it seem, but certainly making the right staffing decisions by putting people in the right roles can allow your start up venture to get off on the right foot. One of the critical questions to ask yourself early in your venture is what role do you (the CEO/owner) play in your firm. If I was to use a baseball analogy, what jobs are you going to be a ...

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Entrepreneur Series – Lesson 5 – You Must Hire Professional Consultants

Since many new entrepreneurial ventures are often started on a shoestring budget, where you spend your financial resources can be a prickly situation. Far too often, I see new business owners who in some sense are really penny wise but pound foolish as the old adage goes. When is the right time to get yourself legal help? Do you really need an outside person to do your books or can you do it yourself? Does it merit having a financial person talk to about entity planning and business structure? Can’t you just figure this stuff out yourself? Even with many years of corporate experience, I faced these same questions when I opened my business. The costs for some of these professional feels like a waste of money when you need those precious resources for things like marketing, staffing, and technology. However, I will tell you that a big mistake in any of the areas below can be a brutal blow ...

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Five Items To Always Buy Used

Since we pretty much live in a throwaway society, the savvy shoppers that know how to snap up good deals on those items others are readily willing to depart with can snag themselves a smart money moves deal.   Some garments of clothing such as socks, underwear, and shoes are never to be bought used unless you want to think twice every day you slip them on your body.   However, there are purchases that can really last for a long time and improve your bottom line if you shop the right way.    Here are my five items to always buy used. Office Furniture- Whether you are searching for new office furniture for that space you have leased or the home office you recently built out, there is a glut of office furniture on the market place.     Remember, that many companies have gone out of business over the past five years and this can allow you to grab a great deal by ...

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Entrepreneur Series – Lesson 4 – Avoid Rookie Mistakes

I am not a professional athlete.  However, I would imagine that the rookie year on any of the professional sports circuits has to be daunting in nature.   Not only are you in front of some type of large crowd, it takes some time getting used  to all of the decisions you have to make to be the best of the best in what you do for a living.   Far too often, new entrepreneurs can make first year decisions which can put a major dent in the first year of your new entrepreneurial venture.  Even someone who has a lot of corporate experience cannot understand the firefight of being a business owner until you have to meet your first payroll.One great idea my business partner and I have put into place in our business is the 48 hour rule.   We’ve set criteria around what a ‘key’ decision is for our business and once we have made a decision on the direction ...

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Doing A Wedding On A Budget

Will you marry me?    That magical phrase is shared between two people in love every day whether it be on a baseball scoreboard or with the entire family watching on in the living room.    Today student debt for Generation Y graduates is approaching an all-time high.  About two-thirds of college grads in the Class of 2013 will graduate with some student loan debt. The average debt for these students is about $28,000. (source: www.usatoday.com).  The real question couples should be asking when they tie the knot is “Am I marrying you or your debt?”   It’s important to have these discussions as financial items including your credit score can have an impact on loan status and job employment as you grow your future together.    If you both agree that money is tight, what are the best ideas on how to do your wedding right but still have fun within a reasonable budget?   Here are five smart money moves tips for you ...

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How To Get Rich with oXYGen Financial – 07/02/13

Taped 7/02/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Entrepreneur Series – Lesson 3 – Know Your Role As The Owner

As an entrepreneur starting a new business, you often have to wear the hat of cook, dishwasher, accountant, and general manager.   However, one of the biggest mistakes a young owner will make is not quickly clarify their role within the organization.   Far too often, new entrepreneurs will try to control every aspect of a new business which inevitably slows the growth of the organization.  In some cases, it can make hiring and training new people so difficult it can be destructive to the success of a company. One of things I recommend to new business owners is to draw a T chart with one axis being things you like to do and one access being tasks that you are good at.    What you should quickly try to figure out in the early stage of a new company is to list all of the items that you are good at and those tasks that you like to do.    After figuring out ...

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How To Get Rich with oXYGen Financial – 06/25/13

Taped 6/25/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Why Your Kid Needs To Be On Social Media

I knew as soon as I wrote this title that it seems to defy Jenkin logic. Why in the world Ted does my kid need to be on Social Media? With all the Instagramming, Facebooking, and Twittering, do I really need my child exposed to more technology and creepazoids who are trolling the Internet? My general thought around this has historically been no, but it is becoming increasingly hard to avoid the allure of freebies that can come by simply being plugged into social media. For those that thought this was a fad, you are quickly seeing a transformation around the future of how our children will do much of their communication. How is it possible that having your kids connected to social media can make them more smart money moves in their life? Here are three examples of how this change occurs: Example 1: BurgerFi (In Restaurant Giveaways)– For the past few weekends, my family and I have tried ...

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How To Get Rich with oXYGen Financial – 06/18/13

Taped 6/18/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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How Much Will It Cost When Your Son Or Daughter Starts Driving?

It’s hard to imagine for most parents that their son or daughter will be ready to get their driver’s license someday.    In fact, I think this ritual is a little bit like the birthing process.   Nature in part prepares you for very little sleep when the baby is born by making it very difficult to sleep in that last trimester.    As much as your stomach will go through the spin cycle the first time your son or daughter leaves the driveway all by themselves, there is also an overwhelming sense of relief for you to remove the chauffeur cap that you have rightly earned the years preceding your son or daughter getting their driver’s license.    While most families prepare for the magical day when their children get their rite of passage to begin driving, they often don’t consider the extra costs that may hit their family budget.   How much will it cost when my child starts driving? Learners Permit- This ...

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How To Get Rich with oXYGen Financial – 06/11/13

Taped 6/11/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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Is ‘Junk’ Ever Good For You?

I have never paid any money to listen to Sirius/XM in my car. I’m probably too cheap to get hooked on to the monthly subscription fees. On the other hand, my sister cannot live without satellite radio in her car. Whenever I bring my automobile into the dealership for a major service, they always give me Sirius/XM for some free trial period looking to bait me into paying the monthly dues. For the past couple of weeks, I’ve been throttling the dial between 70’s, 80’, and 90’s songs listening to one hit wonders that bring back childhood memories. In the 70’s Larry Groce belted out the tune “Junk Food Junkie” (http://bit.ly/cuNbVY) that was written about 35 years ago as a parity song about the proliferation of fast food. The song sounds a little like Charlie Daniels’ “The Devil Went Down To Georgia” and it got me thinking about this topic: Is JUNK a word that is ever good for you? ...

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Are You Worried About A Stock Market Crash Again?

“Our imagination is the most important faculty we possess. It can be our greatest resource or our most formidable adversary. It is through our imagination that we discern possibilities and options. Yet imagination is no mere blank slate on which we simply inscribe our will. Rather, imagination is the deepest voice of the soul and can be heard clearly only through cultivation and careful attention”- Pat Allen (source: notable-quotes.com). Our brains are constantly being fed information about the stock market every day. The end is coming. The run will continue. Get in. Get out. For most of us, this noise can be information overload and send our brains into a virtual state of shock. With markets hitting all-time highs this year, many people have become concerned that we will see a repeat of dot-com bubble crash in 2000 and the recent 2008 market crash. So if you are worried about a 3rd Armageddon in the past 15 years, what smart ...

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How To Get Rich with oXYGen Financial 06/04/13

Taped 6/04/13 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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