How to Spend Your Tax Return

Topic: How to Spend Your Tax Return Taped 3/15/16 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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Tax Tips Before You File 2015 Taxes

Now that you are getting organized for getting your 2015 taxes done, it would be remiss not to have an annual review of potential tax saves before you click the button to send your tax filing up to the IRS.  There are so many people who don’t look under the hood and assume that once the calendar year closes out that all tax opportunities are lost.  Here is my smart money moves list of last minute tax ideas before you file. FORM 2106- JOB EXPENSES The truth is that your employer may not reimburse everything during the year including mileage or other business related expenses.  This could be  a great opportunity to list out those expenses and take an additional tax deduction if you itemize your tax deductions. What’s the catch?- Must Exceed 2% Of Your Adjusted Gross Income (AGI) SELF EMPLOYED BUSINESS EXPENSES? Did you get a 1099 this year or do you have a small business? I’m still ...

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Why Asset Allocation May Be A Sinking Ship

When I started in the business in 1991, one of the biggest fundamental teachings was the concept of asset allocation.  Asset allocation is all about the notion that different assets classes offer returns that are not perfectly correlated, hence diversification reduces the overall risk in terms of the variability of returns for a given level of expected return. (www.wikipedia.com) Today’s world of asset allocation uses these fancy pie charts that show clients cash, corporate bonds, international bonds, government bonds, large cap stock, mid cap stock, small cap stock, international stock, emerging markets, commodities, real estate, and many more different types of asset classes.   The idea of all of these asset classes are supposed to act and look a lot like magnets.  By having a balance of these asset classes, while some areas have worse years other categories will have better years, minimizing the overall risk. The world’s global economy is so intertwined that many asset classes are more closely tied ...

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7 Expensive Products Of Which You Can Buy A Cheaper Version

Topic: 7 Expensive Products Of Which You Can Buy A Cheaper Version Taped 3/8/16 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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10 Places To Get Free Stuff On Your Birthday

It’s my birthday and I’ll cry if I want to….was a famous song done by Lesley Gore in 1965 that has stood the test of time.   In the seven years I have been bringing you smart money moves, one topic I haven’t discussed is how to get free schwag on your birthday.   So, here is my top ten list on places to get FREE stuff on your special day. Auntie Anne’s – Sign up for Pretzel Perks and get a free pretzel on your birthday. Chick fil a – Become an Email Insider and get a special birthday offer. Dunkin’ Donuts – Get a free beverage on your birthday by signing up for the DD Perks Rewards Program. Hallmark – Get a free card and a coupon for 20% off one item when you become a Hallmark Crown Rewards member. Moe’s Southwest Grill – Get a coupon for a free birthday burrito when you join their eWorld. Panera – Join MyPanera and get a free pastry on your birthday. RedBox – Get the Redbox Play Pass and receive ...

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$10 For A Gallon Of Gas??

Over the years, part of my weekly column of Your Smart Money Moves is to help you become better at finding small money traps that can hurt you when you travel.   Recently, I had an experience with Hertz Rent A Car that I thought I would share with all of you for the next time you rent a car on a business trip or a vacation. I am part of the Hertz Number One Gold Club which easily allows me to access getting to a car quickly and getting to my destination.   One of the questions you’ll get asked whether you check out at the exit or the counter is whether or not you want to fill the tank up on your way back or you would rather that they fill the tank up for you when you return the vehicle.   Even though the signs are pronounced at the counter and the exit gate, many consumers simply don’t read what ...

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It’s Crossover Day!

Topic: 5 Last Minute Tax Tips Taped 3/1/16 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 Survive Planning For Retirement and College At The Same Time

For Baby Boomers and Gen X’ers the quandary that faces them smack in the face is the juggling act of planning to pay for their kids’ college education while also socking money away for retirement.   Was it that 25 years ago this was an easy task or has the never ending spike in college education costs officially pressured parents in the corner of their financial house?  While these waters are tricky to navigate, here are my four smart money moves to stay on the balancing beam of this difficult financial routine. Set Realistic Goals- This is probably the single most important step in the routine.  You must sit your children down and be absolutely transparent around what is and what is not possible for your financial situation.  Don’t get their hopes up to attend an out of state private college institution if you know that you cannot afford it or it will cost them an arm and leg for debt.   ...

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Failure to Launch

The other day, I came across an old Matthew McConaughey movie about a young adult that just did not want to move out of his parent’s house because he had it so good.  It got me thinking about the financial impact living at home has on young adults.  The majority of twenty-somethings are really not interested in living with Mom and Dad long-term.  But a NerdWallet Study has found those who stay at home until age 25 can retire five years earlier. Today’s Millennials are coming out of school with more student loan debt than earlier generations and residential rent has been rising by double digits just over the last 3 years: these are just 2 of the factors that are pushing the average expected retirement age for today’s college graduates to age 75.  This does not leave a lot of golden years to live out those retirement dreams. There are some changes that can be made in your personal ...

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5 Last Minute Tax Tips

Topic: 5 Last Minute Tax Tips Taped 2/23/16 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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