{"id":4278,"date":"2020-02-07T17:21:28","date_gmt":"2020-02-07T17:21:28","guid":{"rendered":"https:\/\/clients.firstfinancialsecurity.com\/FFSBB\/?p=4278"},"modified":"2022-02-28T15:13:04","modified_gmt":"2022-02-28T15:13:04","slug":"financial-friday-round-up-february-3-february-7-2020-2","status":"publish","type":"post","link":"https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/2020\/02\/07\/financial-friday-round-up-february-3-february-7-2020-2\/","title":{"rendered":"Financial Friday Round-Up: February 3 \u2013 February 7, 2020"},"content":{"rendered":"<p>Welcome to the Financial Friday Round-Up, where we scour the web for the best things for you to read, watch, or listen to on the topic of finance every week. Below you\u2019ll find some positive news about small businesses, an interview with the Charles Schwab Senior VP, and two interesting ways to reduce your tax bill.<\/p>\n<h5><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/www.nase.org\/business-help\/nase-minute?vidid=SMJJ5MWp08Y\" target=\"_blank\" rel=\"noopener noreferrer\">Hire Your Kid as a Standard Deduction<\/a><\/span><\/h5>\n<p>This interesting installment of the NASE Minute maps out in detail how hiring your child can benefit your standard deduction. If your child is between 8 and 18, it can be beneficial to hire them and pay them a wage instead of an allowance, which counts as income that will generate no tax for your child and will also be fully deductible on your tax return. This video will walk you through the logic step-by-step.<\/p>\n<h5><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/www.kiplinger.com\/article\/retirement\/T003-C032-S014-deferred-annuities-can-deliver-major-tax-advantage.html\" target=\"_blank\" rel=\"noopener noreferrer\">Deferred Annuities Can Deliver Major Tax Advantages<\/a><\/span><\/h5>\n<p>This Kiplinger article is a helpful walk-through on the tax benefits of deferred annuities. The gist of it: with an understanding of the tax rules for annuities and a strategy for properly naming beneficiaries, you can use deferred annuities to maximize your tax benefits as opposed to other interest-paying investments.<\/p>\n<h5><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/www.worth.com\/5-questions-with-carrie-schwab-pomerantz\/\" target=\"_blank\" rel=\"noopener noreferrer\">5 Questions with Carrie Schwab-Pomerantz<\/a><\/span><\/h5>\n<p><em>Worth<\/em> Magazine spoke to Carrie Schwab-Pomerantz, the senior vice president of Charles Schwab, about financial literacy, women\u2019s progress, and other lessons she\u2019s learned in her field. She offers great insight into myths about women in investing and explains her work as Commissioner on the San Francisco Commission on the Status of Women.<\/p>\n<h5><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/fred.stlouisfed.org\/graph\/?g=oagJ\" target=\"_blank\" rel=\"noopener noreferrer\">Flying has Gotten Cheaper in the Past Five Years<\/a><\/span><\/h5>\n<p>Now, for a bit of good news: airline prices have gone down over the past few years, largely because the number of major carriers went down. So, if you were thinking about taking that trip, now might be the time.<\/p>\n<h5><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/www.amazon.com\/gp\/product\/B00M085AMI\/ref=as_li_qf_asin_il_tl?ie=UTF8&amp;tag=consumerismcommentary-20&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B00M085AMI&amp;linkId=5facc28317d32ab4ade63c6c55a50b79\" target=\"_blank\" rel=\"noopener noreferrer\">Check Out the Cashflow Board Game<\/a><\/span><\/h5>\n<p>Did you know there\u2019s a board game out there that helps you become a better investor? Developed by Robert Kiyosaki, author of <em>Rich Dad Poor Dad<\/em>, <em>Cashflow<\/em> is a game that also serves as an interactive tool to teach you investing and financial strategies. Your purchase comes with a Bonus Strategy Guide as well, so you can learn how your playstyle translates to real-world financial skills.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Check out our other Financial Friday Round-Up posts for more great reads!<\/strong><\/p>\n<p><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/clients.firstfinancialsecurity.com\/FFSBB\/financial-friday-round-up-february-17-february-21-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Friday Round-Up: February 17 \u2013 February 21, 2020<\/a><\/span><br \/>\n<span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/clients.firstfinancialsecurity.com\/FFSBB\/financial-friday-round-up-february-10-february-14-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Friday Round-Up: February 10 \u2013 February 14, 2020<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the Financial Friday Round-Up, where we scour the web for the best things for you to read, watch, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152,649],"tags":[],"class_list":["post-4278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-financial-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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