charlese.newsomecpa

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charlese.newsomecpa

It's almost a new year - Are you ready to get more in control of your finances? I provide individual

01/01/2022

Start your new year off right by attending this Vision Board Party! Hear from four dynamic speakers! Registration is open, and the event is FREE!

#2022

10/18/2021

Wooo, where should I begin since my last update? We are now half-way through October, and I feel like my message is the same as my previous updates - the volatility is killing me! As my ETFs are tracking the markets, they reflect any of the wide swings that the market is experiencing (... and there has certainly been a lot of those lately). But, the good news is that I’m still afloat, and I still have solid earnings to report. Remember, I’m investing for the long-term so I still have plenty of time to see the true fruit of my investments. Stay tuned for my progress...

08/25/2021

Christmas is not an emergency, and it's not an opportunity to dip into your emergency fund. It happens the same time each year, so why not plan for it?

Budget now so that you don't overspend in December. Allocating $100 a month for 4 months is easier on the budget than a $400 spend in December.

Need help budgeting? Set up a session within me on my website (link in bio) or send me a personal message.

08/10/2021

Check out my feature on

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The whole point of investing is to make your money work for you through compound interest. Use the Rule of 72 to determine approximately how long it will take for your money to double! 📈
The formula that you use is 72 over the expected rate of return.
Try it for yourself! How long will it take for your investment to double based on your current estimated annual rate of return? 🗓
Questions? DM me .newsomecpa 📩

08/02/2021

The summertime has been a rollercoster for the market, and my ETFs got on the ride. There’s not much growth to report from my May update. Due to market volatility, my earnings went as low as $300, but as of the end of July, I recovered all the gains that I had made. Only time will tell where the market is headed over the remainder of the year. Stay tuned to my savings progress!

07/29/2021

Check out this week’s feature on

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While we are a long way from the 2021 federal tax due date, the best time to plan for taxes is before the due date. Swipe for ways to do a check-up on your taxes now that we are half-way through the 2021 tax year.
* Make sure that your withholdings are appropriate so that you will not owe money when you file your taxes.

* Determine whether you want to increase your retirement savings.

* Determine if you are planning to take the standard deduction or whether you qualify for itemized deductions.
Have questions? DM me charlese.newsomecpa

07/21/2021

Check out this week’s feature on

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The IRS began advanced payments of the child tax credit (CTC) on July 15th. [Click through to see if (and for how much) you qualify]. 💲
This tax credit is a refundable credit whereby taxpayers will receive the money from the credit even if they do not have any earned income or earn too little to owe taxes. 💰
Questions? 🤔DM me .newsomecpa on Instagram! 📩

07/19/2021

Drop a 💯 in the comments if you agree.

07/13/2021

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This week's is all about car buying! 🚘
It's ideal to pay cash for a car, but if you can't, you'll need to consider both loan term and interest rate.
If you don't need to buy a car right away:
-Improve your credit score so that you can qualify for a lower interest rate on a loan. 📈
-Consider a sizeable downpayment when you purchase to lower the value of the car you'll finance and pay interest on. 💵
Any questions? DM me .newsomecpa

07/01/2021

Check out my feature on with
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What retirement account is right for you? There’s so many to choose from: Roth and Traditional IRAs and Roth or Traditional 401ks (offered through your employer).

What’s the difference between the two options?

1. Roth - This investment uses after-tax dollars, and when these funds are withdrawn, the investments are withdrawn tax-free. Even the earnings are withdrawn tax-free. 💵

2. Traditional - This investment uses pre-tax dollars and the investor will pay taxes on both the initial investment and the earnings at the time of withdrawal. 💸

Which one should you choose?

👩🏾‍💼Early in your career and at a lower tax bracket? Choose the Roth option so that you can prepay all of the taxes on those investment dollars at a lower tax rate.

💰Want to lower your taxable income now? Choose traditional retirement accounts. Keep in mind that tax rates can increase and consider investing in Roths to take away the uncertainty of paying taxes later in life.

Have questions? 🤔 As always, I’m only a DM away .newsomecpa!

06/30/2021

Check out my feature on with
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Choosing the right asset allocation is key to achieving financial independence and living a life of financial freedom. 👨🏿‍💼
As we age/get closer to retirement, we should move money from riskier investments (stocks) to more stable investments (bonds). This helps avoid the risk of experiencing a downswing in the stock market at the time that you plan to retire. 📈
So how much money should you allocate to stocks? A good rule of thumb is 110 minus your current age. 📌
This calculation is a good guide to use to determine your asset allocation. If you have further questions, please do not hesitate to contact me on IG .newsomecpa

06/19/2021

Just thankful today! Thankful for the sacrifice of my ancestors. Thankful for the hope of a better future.

Address

Atlanta, GA
30308

Website

http://www.charlesenewsome.com/

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