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The 8 Biggest Financial Mistakes to Avoid in Your 60s

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People in their 60s often face the decades in two parts: the run-up to retirement and retirement itself. Although retirement may have a date on the human resources calendar, it can—and perhaps should—involve years of transition. They’ve been in this accumulation mode of building up their assets,” she says.

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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Employers must send Copy A of Form W-2 to the Social Security Administration (SSA) to report the wages paid and taxes collected for their employees during the previous calendar year. Medical and health care payments. Form W-2 filing requirements. Employers also have to send a copy of the W-2 to the employee. Prizes and awards.

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