Due to the pandemic and Coronavirus Aid, Relief, and Economic Security (CARES) Act, the 2021 tax season may look a bit different this year. By becoming familiar with certain deductions and rules, you may be able to potentially avoid costly mistakes. Here’s what you need to know for the unique 2021 tax season:
Created by the National Committee on Pay Equity (NCPE) in 1996, Equal Pay Day highlights the gap between men’s and women’s wages. This gap often requires women to work longer than men for the same amount of pay. As a result, women may struggle financially or find themselves reliant on others to meet their financial goals.
The new stimulus plan may have an impact on your finances. The American Rescue Plan Act of 2021 is a $1.9 trillion relief package is designed to help struggling Americans overcome financial hardship. Here’s an overview of several of its most important components that relate to individuals:
It’s important for everyone, including women, to make smart financial decisions that steer them toward financial success. When women thrive financially, they may feel less financial stress leading to independence and the ability to accomplish various short and long-term goals. Here are several tips for empowering women in order to make better financial decisions for yourself:
Finally, it appears that the time is right for safe summer travel while the pandemic numbers are low and people can safely distance themselves. If you’re thinking of planning a trip, here are a few trends to keep in mind to keep you and your family safe as you embark on your next adventure:
Basic estate planning is something that everyone should do. Regardless of your age, marital status, and if you’re a parent or not. It is a great way to protect yourself and your assets.
According to a 2021 poll by Gallup, slightly half of U.S. adults (46%) have a will that dictates what happens to their assets when they die. Other findings from the May 2021 poll include:
Law enforcement can be a rewarding profession, but it often comes with stress, unpredictable work schedules, and financial stress.
Although some law enforcement positions offer a pension, often it is not enough to last their lifetime. In addition, many law enforcement professionals do not have another retirement savings plan in place. Also, life insurance carrier options can be limited due to the underwriter’s views of occupational risk and early death. Here we examine why financial planning is essential to law enforcement professionals due to their unique profession.
With billions of people connected through technology delivered through multiple devices, the likelihood of a data privacy security leak and cyber-attacks will not decrease but will continue to increase. Continue on to read more about data privacy and cybersecurity and reducing risk.
Writing down your financial goals for this year and having them visible is essential to your success. Much like a written financial plan, you are more likely to follow your financial goals when they are in writing.
After you’ve written down your goals, tell others about them, your progress, and your failures to help you be accountable to them. Here are eight financial goals to implement this year to help set you up for financial security:
Some changes are coming for converting your traditional to a Roth IRA as part of the Build Back Better Bill that the U.S. House approved in November 2021. If you are considering a ‘backdoor’ Roth IRA conversion or are curious about what it is, this article will help you understand the changes coming to this strategy starting in 2022.