December 2022

TEXARKANA MAGAZINE

WISDOM & RUBIES BY FRED NORTON, JR.

Wisdom is better than rubies. —Proverbs 8:11

Wisdom may be better than rubies, but wisdom won’t pay the rent. —Fred

“It’s the most wonderful time of the year!” I can hear Andy Williams singing his signature Christmas carol—it is one of my favorites. “With the kids jingle belling and everyone telling you, ‘Be of good cheer,’ it’s the most wonderful time of the year! There is no holiday season I enjoy more than I do Christmastime. The sights, the sounds, the smells—all invoke memories of past celebrations with family and friends and promises of those to come. Traditional remembrances, both secular and religious, round out the experience as the new year approaches. While December may bring visions of sugar plums to some and tidings of comfort and joy to others, it also offers a limited window of opportunity to review your financial position and pursue tax- savings strategies. You must act quickly and decisively, though, for your chance to affect change expires when the ball drops on December 31 and your tax year closes.

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BUSINESS & POLITICS

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