1
Feb

Your 2019 Financial Calendar

Your 2019 Financial Calendar

There are 12 Months, 52 weeks, 365 days, 525,949 minutes in a year. From holidays, to appointments and birthdays, a lot can happen and even more can be forgotten.

To help you worry about less and focus on more; here’s 5 important dates you should remember when it comes to planning your financial journey:

  1. April 15th – This day is most well known as the last day to file taxes for the prior year; but, this day is also the last day to boost your savings! You can do this by funding previous years IRA’s and Health Savings Accounts!
  2. June 30th – Are you or your child attending college this year? If so, June 30th is the last day to file for financial aid, or FAFSA. If this is not submitted in time, students cannot access federal loans and/or grants.
  3. October 1st – November 1st: During this time, keep an eye out for open enrollment period, which is the time span your employer will allow you to update/change your benefits for the upcoming year.
  4. November 1st – January 31st: Unemployed, Self-Employed, or Retired? During this time, you can enroll in new health insurance for the upcoming year through Healthcare.gov.
  5. December 31st – This date not only marks the end of the year but also is the last day to take required minimum distributions for IRA, 401(k) and inherited IRA’s!

Along with these important dates listed above, here are 3 annual financial reminders you should set up as well!

  1. Free Credit Score – Every 4 months, you should check your credit report for any errors or unwanted surprises. You can pull one free credit report from each of the three credit reporting bureaus at www.annualcreditreport.com
  2. Self-Employed and Business Owners – Small business owners and self employed individuals should mark their calendars 4 times a year as deadlines to pay estimated tax bills. These dates are April 15th, June 15th, September 15th, and January 15th.
  3. Birthdays – Whether its yours or a close family member or significant others birthday, make sure you are aware of age milestones. From the official move from parents’ insurance, to retirees ability to access Medicare and Social Security, its important to be aware of your close families birthday milestones!

A year of planning can be hard; a life time of planning finances can be even harder! Make it easier by utilizing this Financial Calendar and reaching out to a financial professional, today!

Content derived from www.money.usnews.com

Disclosure: This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

The post Your 2019 Financial Calendar appeared first on Adult Financial Education Services.

Provided by: Adult Financial Education

8
Jan

Financial Resolutions for 2019

Financial Resolutions for 2019

The holidays are in the rearview and the New Year is just over the horizon. As everyone starts the New Year off with positive changes and new annual goals, make sure your finances are one of them! Don’t let your financial dreams fall out of reach by checking out these 4 financial changes you should promise yourself as you head into 2019.

 

  1. Create a budget: According to a recent study on fool.com, over 57% of American households do NOT follow a budget. In fact, 36% of Americans feel budgeting is too much work and not enough reward. A good budget should only take upwards of an hour to set up, and at the most, 30 minutes to revisit each month. The difference between a well-planned budget and not having one at all could be missing your financial goals!
  2. Pay off Unhealthy Debt: Every debt is different, from school loans to credit card debt and more. To eliminate your debt effectively, don’t look at the amount of debt, but the different rates you are incurring interest. Whichever debt has the highest interest rate, pay this off first. Also investigate cutting expenses to pay off debts faster!
  3. Build Emergency Fund: Do you have enough money to pay for a $400 emergency? If so, you are better off than 40% of Americans. Emergencies and accidents don’t come with a warning and can happen anytime, anywhere. Before finalizing your financial goals this year, make sure you have a minimum of three months’ worth of living expenses saved away.
  4. Boost your retirement savings: If you are planning on living off Social Security as your only income once you retire, don’t. When Social Security was created, it was designed to replace roughly 40% of the average workers pre-retirement income. In fact, the average person will need DOUBLE that to live comfortably. Now in 2019, Retirement plan contributions have increased, which is more reason than ever to start saving more for your retirement goals. In addition, look at other ways to receive guaranteed income, like an annuity or IUL.

 

While the year has just started, rock your finances so you can start saving like it’s 2020! By saving more, creating a financial budget, and overall increasing retirement assets, you can start building your dream retirement, NOW. Before reviewing your current finances, reach out to a financial professional to see how they can help build your financial legacy.

 

Content derived from financial website, The Motley Fool (www.fool.com).

Disclosure: This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

The post Financial Resolutions for 2019 appeared first on Adult Financial Education Services.

Provided by: Adult Financial Education

1
Dec

8 Year-End Financial Tips

8 Year-End Financial Tips

Twas a few weeks before Christmas, and all through the house, not a person was over-spending, not even  on decorations for the house.

Receipts and bills were paid and filed away with care, in hopes of a fresh financial start to the New Year. Retirement funds were nestled all snug in their accounts, while payments and savings would grow that amount.

And while taxes can be less with charitable giving, also pull an annual, free credit report to make sure my 2019 finances are winning.

When out from my phone arose such a clatter, I look at the caller ID and see it’s my Financial Planner!

Away from work I flew like a flash, into Christmas break, time to meet with my advisor, fast!

The meeting was scheduled, for the day after the snow and while it might be cold, my Advisor says my end-of-year finances were looking bold!

When, what to my wondering eyes did appear, but my advisor with 8 tips for an amazing end to the year!

And they whistled, and shouted, and called them by name:

  1. Pay off your debts!
  2. Pull A free credit report!
  3. Create a Christmas budget!
  4. Save on your taxes with Charitable giving of course!
  5. Make Pretax contributions so save on taxes even more!
  6. Build a financial calendar for the upcoming year!
  7. Contribute more to retirement so you can do what’s best for your family and you!
  8. And most importantly, meet with your financial professional for an annual review!

 

But I heard them explain, as they drove out of sight

HAPPY CHRISTMAS TO ALL AND TO ALL A GOOD-NIGHT!

From our family to yours, we wish you Happy Holidays! If you haven’t already, schedule some time to go over your 2018 finances with a financial professional!

 

*Content provided SimplicityMarketing.com

Disclosure: This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

 

The post 8 Year-End Financial Tips appeared first on Adult Financial Education Services.

Provided by: Adult Financial Education