Time to Execute...
Getting your Taxes Done!

Whether doing taxes on your own or not, we recommend you understand these basic concepts:
•Progressive Tax System
•Witholdings
•Credits/Refunds

Progressive Tax

Total Action Time: 7 minutes

One of the more intensive parts of filing taxes is getting all the necessary paperwork together. All those receipts you saved, crumpled up in the bottom of your purse (or hopefully neatly organized somewhere) are about to come in real handy.

Taxes. We can hear your chorus of groans from here! We sympathize—doing taxes certainly isn’t fun, but it IS necessary. Even Albert Einstein once said, “The hardest thing in the world to understand is the income tax.” Harder than quantum physics? Really?

It’s not just any ‘ole Tuesday—it’s your first Tuesday after Bootcamp, which means you should be starting this week with a new sense of financial control and understanding!

Let’s think about all that you learned…

Before we dive in to today’s content congratulations are in order… you made it through Financial Resolution Bootcamp! Feel Good? You earned it! But it wouldn’t be fair to leave you hanging—we’ve had a ton of questions about taxes (we applaud you for thinking ahead, by the way).

If you have followed our orders up to this point, you either have a 401(k) or an IRA. Good work. Now let’s figure out what kind of investments make sense for you based on your time horizon and risk profile.

Yesterday was a big day. If you followed your orders, you now have an IRA. This is huge! HUGE! Congratulations! This is NOT the order to procrastinate on, so if you skipped this step yesterday, turn around sister and prioritize your future today!

So, you have a sense for the differences between the retirement vehicles, but which one is right for you? Roll up your sleeves – it is time to get serious about your financial future!

Learn:
Let’s talk about your options:

The topic of retirement is daunting, we know. So deep breath, we’ll make it easy! Retirement is expensive. We’re not just talking about fancy vacations; we’re talking about critical expenses like proper healthcare and visits to your children.

Okay, you got your credit score yesterday. Now, you need to review the underlying reports that determine your score. Your credit report is a file on you and your money, so it’s kind of a given that YOU need to read it!

Learn:
Your credit report includes all sorts of things: