With the tax filing deadline for 2021 come and gone, I wanted to use this as an opportunity to talk about your accountants. Most people only utilize the skills and expertise of accountants during tax time, but they can do SO much more! Communicate with your accountants throughout the ENTIRE year and I promise you that tax season will be much less stressful for you and probably for them.
Here’s what I’ve been reading this morning:
‘You’ve Been Thinking About Inflation All Wrong’ – Nick Maggiulli – Of Dollars and Data
- We’ve all seen the headline numbers about inflation over the last few months. While the CPI number is high, are we thinking about inflation overall in the correct way? Nick writes about how to change our thinking about inflation and how it really impacts us on a personal level.
‘Can a Taxable Account Beat a 401(k)?’ – Christine Benz – Morningstar
- Taxes are a big issue for a lot of investors. Retirement plans and tax-deferred accounts get a leg up over the standard taxable account in that sense, but can the taxable account actually make more sense in some ways? Christine investigates this topic in her latest post.
‘Cut Your Retirement Spending Now, Says Creator of 4% Rule’ – Anne Tergesen – The Wall Street Journal
- A rule of thumb is just that. Using a general rule of thumb as specific strategy for your own retirement might not be the best idea, but if you are utilizing the 4% rule, this post discusses why you may want to think about reducing the number.
‘Americans Can’t Afford Emergency Expenses, One Work Benefit Could Help’ – Lorie Konish – CNBC
- We all saw how the COVID-19 pandemic hit plenty of American households hard financially. However, two years later, studies show that a similar event would AGAIN cause plenty of financial hardship. However, there is an emerging workplace benefit that could help.