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from REDROCK FINANCIAL | August 2018
Itemize or Take the Standard Deduction?
What will your tax return look like?
2018 is flying by. 
With only four months left in the year, it's time to give some thought to your taxes. 
The new tax code was designed to make life simpler for many; and as such, an increased number of taxpayers will take benefit from the increased standard deduction. But before you select it, make sure you consider all possible eligible deductions, you may still benefit by itemizing.  
Remember that there's still a new learning curve as we adjust to the new rules. Do yourself a favor. Look over your pay-stubs & expenses to make sure you're withholding is aligned properly. Need help? Give us a call.  
 As always you should you consult your tax professional for tax advice specific to your financial situation.

Why Not Rent It?
Having it all without owning all of it.
The concept of renting is not a new one. People have always rented cars and apartments, but the trend now among Millennials and seniors alike is to rent...everything. 
 New companies are coming up with ways for us to get everything 
on demand. This allows you to have just the right "tool" for any job. Need a car to tailgate at the game, get an SUV for the day. Looking for a gown for a party, consider a runway option for the night. Sick of the furniture in your house, you can rent that too and change it every year!  

Economic Updates

Left Behind Credit Card Debt
Who's responsible for debts after someone dies?

Simply put, dealing with the death of a loved one is an unpleasant experience. But it can be even more overwhelming if your loved one had debts that need to be paid.
All debts are not the same. Mortgages, equity loans, student loans and credit cards are all treated differently.

As a survivor you need to do your due diligence, and know your rights. Some debts may be waived, and others may become the responsibility of the decedent's estate. Sadly, some might even be ones that you'll need to pay.  

Dealing with Death & Debts
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

Diane Knight, CFP®, Kathleen Carpenter, CFP®, Benjamin Knight, CFP® and
Barbara Wagoner, CFP® are Registered Representatives with and Securities offered through LPL Financial, Member FINRA/SIPC.

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