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Tax Day is April 15th. The IRS offers free online filing resources. Low-income, disabled, and limited English speakers can get free tax help. If you can’t pay, request an extension before April 15th or consider payment plans.
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Next chapter will be released on April 7th! Take some time to enjoy the holidays with family, but remember taxes if you haven’t done them yet. They are due by April 15th, 2024. Thank you for reading. See you soon!– Pablo
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The best way to manage your money is to distribute it wisely. Use a checking account for bills, a HYSA for emergency funds, contribute to retirement accounts like 401(k) and Roth IRA, and consider a taxable brokerage account for investing after all other options are exhausted.
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The content discusses tax-saving strategies, such as contributing to a 401(k) for future tax deferral benefits, and considering Roth accounts for tax-free growth, providing a balanced approach for retirement planning.
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During tax season, it’s nice to harvest capital losses to reduce taxable income. You can still claim losses with a standard deduction and benefit from lowering your tax burden. Timing and strategy are key for maximizing this opportunity.
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The chapter explains tax refunds, overpayments, underpayments, and the importance of managing tax withholdings. It emphasizes adjusting W-4 forms to avoid overpaying and the significance of keeping a close eye on tax liabilities.
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Best Time To Buy? When debating when to enter the stock market, there is no better time to buy than yesterday. Ken Fisher said “Time in the market beats timing the market”. Nobody can predict what’s going to happen next. Buying consistently ensures that you can average down to the best price for your picked
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Pros and cons of using debit and credit cards. Debit card risks include delayed refunds and fraud, while credit card risks include overspending. Credit cards offer rewards and fraud protection, but may not be suitable for all transactions.
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A 3-fund portfolio consists of 3 allocations: a total market index, international market index, and a bond market index. It offers minimal effort, diversification, and long-term benefits for investors.
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Ice Soup? Why is it that 55-63% of Americans are living paycheck to paycheck? It doesn’t seem that the problem is income, since about 40% of earners above $100k are living paycheck to paycheck. What causes these issues? Anyone earning less than $50K a year would be blessed to have an extra $50k. Lifestyle Inflation
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