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Frank M Liuzzi CPA LLC
223 West 24th Ave
Unit B
North Wildwood, NJ 08260
856-872-3500
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Accounting, finance, and tax tips to help you save time and money.
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May 15, 2024
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Retirement Accounts that Offer Tax Savings
Retirement planning is crucial, focusing on maximizing tax savings through various accounts. Traditional 401(k) and 403(b) plans, sponsored by employers, allow pre-tax contributions, reducing taxable income and growing tax-deferred until withdrawal in …
Frank M Liuzzi CPA LLC
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How to improve your credit score as the cost of it has risen
As interest rates rise to levels not seen since 2008, the article provides practical tips for improving your credit score …
Finance Monthly
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When Will Social Security Run Out of Money?
The latest report on Social Security's financial health brings good news. The Social Security trust fund, which supports retirement and …
Money
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'Nest Egg Inflation.' See What This Means for Your Retirement
A recent study reveals a significant impact of ongoing inflation on Americans' retirement plans. The survey found that 69% of …
The Ascent
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Why Are Americans Cutting Back on Credit Card Debt?
Americans are increasingly cautious about accruing credit card debt, a trend underscored by recent Federal Reserve data showing a decrease …
Investopedia
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Despite a healthy economy lower-income spenders are showing strain
Despite a robust economy, lower-income Americans are under increasing financial strain. While overall consumer spending remains solid and essential, players …
ABC News
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As Home Values Soar, Americans Are Sitting on Record High Home Equity
Homeowners in the U.S. are experiencing unprecedented levels of home equity, with the average equity per borrower reaching nearly $300,000—a …
Money
Cartoon
"Stocks plummeted today to a near-record low because that's what stocks do sometimes."
Copyright © Randy Glasbergen
The day was May 20. What year was it?
Levi Strauss Receives Patent for Blue Jeans
What Year
San Francisco businessman Levi Strauss and Reno, Nevada, tailor Jacob Davis are given a patent to create work pants reinforced with metal rivets, marking the birth of one of the world's most famous garments: blue jeans.
See the answer below.
Quote of the Week
"I find it very difficult to see a scenario where financial regulation doesn't pass the Senate."
Bob Corker
Trivia
What are the two colors or pigments of ink that are used to print on the 2001 one dollar bill?
See the answer below.
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