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1
Should You Hit the Pause Button on Filing Your 2020 Tax Returns?
2
Investing Advice from Mellody Hobson
3
Women Entrepreneurs Overcome Pandemic Challenges
4
How To Balance Saving for Tomorrow and Living For Today
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Level payment pension plan option

Should You Hit the Pause Button on Filing Your 2020 Tax Returns?

As you likely know, President Joe Biden signed his sweeping $1.9 trillion Covid-19 economic relief package into law on Thursday afternoon March 11, 2021. Included in this package were several tax provisions that increase child tax credits and exempt certain 2020 unemployment benefits from taxation for lower income taxpayers.

Passing retroactive tax legislation just five weeks before the regular 1040 tax deadline of April 15, 2021, is virtually unprecedented, and has left the IRS and tax preparation software vendors scrambling to update calculations, guidance, tax forms, publications and program logic.

Add to the foregoing the IRS’ backlog of taxpayer correspondence …

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Investing Advice from Mellody Hobson

The Motley Fool highlighted investment advice from Mellody Hobson. Hobson is known as the the co-CEO and President of Ariel Investments, where she had worked for almost thirty years. Late last year, Starbucks names Hobson as its board chair making her the first African American woman to hold that position.

The financial difficulties Hobson experienced growing up had an effect on how she views investing. She was the youngest of six and grew up in a loving home but there were some challenging financial issues. What she saw motivated her to learn more and understand how financial systems work. Instead …

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Women Entrepreneurs Overcome Pandemic Challenges

Women entrepreneurs reveal lessons from the pandemic and how they dealt with unprecedented times” focuses on women entrepreneurs in India. It highlights their businesses and the lessons they’ve learned as they navigate the pandemic as entrepreneurs.

Several entrepreneurs used a word we hear a lot in these times: pivot. Depending on your business and area of expertise, a pivot can be somewhat challenging or seem almost impossible. While some people found it easy to deliver their services online others may have had to revamp their entire business model to meet pandemic conditions.

Saying No: Some might say …

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How To Balance Saving for Tomorrow and Living For Today

Striking a balance between spending your money now and saving for the future is certainly harder than it sounds. How do you know if you are on track to reach your goals? What does “on track” even mean?

Here are 5 tips to help you enjoy your money today while also setting yourself up for the future!

Prioritize Living Wealthy Today

No, that doesn’t mean you need to go buy a private jet or a yacht!

Ask yourself, what does it mean for you to live a fulfilling life? Does it mean living near the city so you can …

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Level payment pension plan option

When you approach retirement, if you’re fortunate enough to have worked in a job that provides a pension plan, you are faced with a decision: what type of payout should you choose? There are generally several – the first choice is between a lump sum versus an annuitized payout

The lump sum works just like it sounds – you get the equivalent of your account in the pension system in one big lump – and you can rollover this lump sum into an IRA or other tax-deferred vehicle, taking distributions as you see fit over your lifetime. At some …

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