Your 2022 Tax Season To-Do List
The tax season is officially here. If you haven't already, now is the time to get prepared.
The tax season is officially here. If you haven't already, now is the time to get prepared.
Some may be understandably nervous about their investments and their purchasing power. If you are worried about your portfolio, you’re not alone. But during stock market volatility, it’s important to keep a level head to avoid financial mistakes and remember that these corrections during your working years allow you to buy more shares at a lower price.
As a nation still in the midst of a global pandemic, we’ve had many stark reminders of just how unpredictable life can be. When that unpredictability gains steam, we start seeing shocks to the stock market’s stability and the economy, as evidenced by increasing inflation, unemployment woes, supply chain issues, and plenty of volatility in the market. If all these ups and downs have you feeling anxious, you’re not alone. As we navigate continually uncertain times, here are 4 money moves you can make to feel a little more prepared for whatever comes next.
Owning a business is a lot like parenthood. In fact, research shows that brain activity when founders look at their own companies is similar to when parents look at their children. It makes sense. Just like with a child, you nurture your business to grow, succeed, and benefit your customers and clients, your employees, and society.
Deferred compensation plans are a popular option for high earners. First of all, they can save professionals a lot of money during their working years—and in their retirement years as well. When using a deferred compensation plan, the professional can defer a portion of their income to the plan where it can grow tax-free.
Whatever your reason for giving this year, it’s important to know how your charitable contributions can impact your financial plan. In fact, being strategic and intentional in your 2021 contributions can create tax benefits for you while benefiting your chosen charity.