If you didn’t hear yesterday, the IRS has decided to extend the tax filing deadline for 2020 tax returns from April 15th to May 17th. This gives filers an extra month to get everything in order. My advice? Don’t use this extension to procrastinate any more. Get it done!
Here’s what I’ve been reading this morning:
‘Marginal vs. Effective Tax Rates’ – Mullooly Asset Show
- With the tax filing deadline right around the corner, we discuss the difference between marginal and effective tax rates in this week’s video. It’s important to understand the distinction because most people don’t pay as high of a percentage in taxes as they think!
‘How to Break Into the Industry’ – Michael Batnick – The Irrelevant Investor
- Building off of a post he published last week, Michael shares his story of trying to break into the industry. He shares a list of helpful bullet points of things young folks looking to become advisors can do.
- According to a recent study, more than a third of households are still experiencing financial hardship from the pandemic. This article outlines what bills these struggling households are likely to skip first.
‘Brackets & Biases’ – Simon Tryzna – Simon on the Street
- March Madness is only a matter of hours away from tip off, and brackets are being filled in left and right. Simon uses this post to discuss some biases he noticed while filling out his bracket and how they apply to your investments as well.
ENJOY!
