As the new year begins, so too quickly comes the need to file taxes. Here’s some information you may find helpful, from BALANCE Financial Fitness:
Filing Your Taxes? Get the Help You Deserve
The process of filing income tax returns is, for many Americans, not a favorite annual event. A common reason people put the task off is because they know they’ll owe money and can’t afford to pay. Yet not filing or filing late comes with some pretty big repercussions.
What is the current state of your closet? Is it stuffed to the brim with clothes, shoes, suitcases, cleaning supplies, your high school chemistry textbook, etc., or can you do cartwheels in there? Is every horizontal surface covered in piles and piles of stuff or bare, save for a few knickknacks?
Another holiday season has come and gone, but the expensive gifts you may have received remain to be enjoyed in the new year.
Whether you received the latest high-tech gadgets, fancy jewelry, or other expensive items, you’ll want to know how to protect your new treasures. HDTV screens can accidentally shatter, gold earrings can mysteriously disappear and flashy collectibles can be stolen. Consider protecting your pricey possessions with additional insurance coverage.
Financial literacy education is a trending concept these days. The recent recession was a wake-up call, making financial literacy training a sought-after resource for schools, colleges and social service agencies.
Changing jobs is an important decision – one many of us are making more often. Once you’ve decided to switch jobs, your next move is to determine what to do with the money in your former employer’s retirement plan.
Generally, you have four options for handling the money in your account: