✨ Notable Quotable

"What good is the warmth of summer, without the cold of winter to give it sweetness."
- John Steinbeck, American Writer

(Wikipedia)

🧮 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.

(more fair trivia)

🗺️ 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

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