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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

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By proactively managing their affairs and possibly engaging with a tax professional for guidance, freelancers and digital nomads can navigate tax season with confidence, securing financial peace of mind. To calculate their taxable income, freelancers must first tally all their revenues and then subtract their allowable business expenses.

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2023 Financial Forecast: How to Prepare for the Year Ahead

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Now, for the good news: Although there’s bound to be factors that are beyond your control, feeling more confident about your finances can help you navigate whatever comes your way. Meanwhile, after a multi-decade period of low interest rates, it’s now more expensive to borrow money from lenders (such as credit card issuers).

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4 Smart Money Moves to Plan for Financial Security

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They don’t have a purpose for the money they’re saving, and they often end up splurging on stuff they don’t really need (or want) rather than using it to fund a life goal such as buying a house or saving up for retirement. So only adjust your emergency fund if your monthly expenses increase, you get a raise, or you gain dependents.

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Want to Retain Your Team? Offer Financial Well-being Programs

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It’s becoming more standard for there to be an employer match for funds such as a retirement fund like a 401(K), a 529 education savings plan, or even a student loan match plan. This can be prohibitively expensive for some, especially if you have dependents. Employer-matching programs.

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Transforming Your Relationship with Money

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Complete the exercise by writing down the things you think would make you feel confident around your finances. After you’ve processed your list with someone else, think about what a healthy, new relationship with your money would look like. Change takes time. The post Transforming Your Relationship with Money appeared first on SUCCESS.

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5 Different Types of Retirement Plans You Need to Know About

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You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.

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Can COVID Booster Shots Save Your Business? 

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billion California Public Employees’ Retirement System. . Given the data, we can confidently state that the more employees get shots, the less sick days they will take. That’s despite serious recent outbreaks at major companies that mandated office returns, such as at Google or at CalPERS , the $441.9

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