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Simultaneous Atlantic, Pacific hurricanes underscore the need for physical and financial storm preparation

August 5, 2014

As we head toward the late summer peak of the Atlantic hurricane season, three storm systems are churning on opposite coasts of the United States.

Brushing the East Coast: Hurricane Bertha weakened to a tropical storm earlier today and is not expected to cause serious damage to the Eastern Seaboard.

NWS-NHC-NOAA radar of Hurricane Bertha
Hurricane Bertha is that mass of clouds off the South and North Carolina coasts in this National Weather Service's National Hurricane Center enhanced radar image. Click image to see an animated loop.

East coast beaches and the adjacent homes are safe as the Atlantic season's second hurricane of the year should continue northeast and dissipate out at sea. But surfers and swimmers need to watch out for Bertha-produced riptides.

Pacific storm threats: It's a different story, however, in the Pacific Ocean where Hurricane Iselle and Tropical Storm Julio are training toward Hawaii.

NWS-NHC-NOAA radar of Hurricanes Iselle and Julio
The more formed Hurricane Iselle with its definite eye is in the center of this National Weather Service's National Hurricane Center enhanced radar image. In the wake of the category 4 storm is Tropical Storm Julio. Click image to see animated loop.

Hawaiian residents and tourists are hoping the forecasts are correct. Iselle is expected to slowly weaken as it nears the island state and fade to tropical storm strength by the time it gets to Hawaii.

But forecasts change. And there's Julio to worry about, too. Official storm warnings could be issued as early as later today.

Hawaii is no stranger to storms. Last July, Tropical Storm Flossie caused minor damage. The last major storm to hit the islands was Hurricane Iniki, a category 4 that made landfall on Sept. 11, 1992. Six people were killed and damages amounted to nearly $2 billion.

With that history, I suspect Hawaiians are taking Iselle and Julio seriously.

Storm prep time is now: While those of us in the continental United States don't have to worry about a tropical system right now, Atlantic storms ramp up in August and September.

That means that it is time to get ready for whatever Mother Nature can throw our way.

Check out the ol' blog's Natural Disasters Resources page for tax and other information and links that can help you get ready for a catastrophe well before it hits.

You might find these previous posts of interest:

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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