Well Balanced. Vol. 11
✨ Notable Quotable
"What good is the warmth of summer, without the cold of winter to give it sweetness."
- John Steinbeck, American Writer
🧮 Reduce the Risk of a Tax Audit
The Agency
The IRS is getting new funding over the next ten years to focus on complex returns, higher income tax filers, international business, and multi-tiered partnerships.
Potential IRS Red Flags
Failing to report all taxable income
Taking higher-than-average deductions, losses, or credits, especially relative to your income
Taking an early withdrawal from an IRA or 401(k) account - Understand the rules
🎡 State Fair
Great MN Get-together
The MN State Fair started this week. Did you know:
1859 - First year of the Minnesota state fair.
3 Million - Cookies Sweet Martha's Cookie Jar can produce in one day.
200 Animals - Baby animals born at the CHS Miracle of Birth Center.
🗺️ Where to Retire
For What It's Worth
Each year Forbes puts out a top 25 best places to retire list. In 2022, Rochester, Minnesota, made the cut for its extremely high ratio of doctors per capita and good air quality.
Evaluating a move or second home? Contact us.
👀 We're Watching
Jackson Hole - Fed Meeting Aug. 25-27
Economists from around the world meet at the annual economic policy symposium in Jackson Hole, Wyoming. The symposium proceedings include papers, commentary, and discussion.
2022 Theme:
Reassessing Constraints on the Economy and Policy
💡 Hype Cycle
Fad or Future
Are you an early adopter, or do you take a wait-and-see approach to emergent technology?
The Gartner hype cycle is a graphical presentation representing the maturity, adoption, and social application of specific technologies. (source: Gartner)
Market Perspective
Recent Vector Videos & Blogs
V22227920