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8 Crucial Tax Filing Tips For Freelancers

Allwork

who earn freelance income face confusing tax guidelines and difficult requirements for filing your own taxes. . It’s confusing and difficult, for most people, to know how you’re supposed to file your own taxes when freelance income has been earned from one-time jobs or contract work. . Retirement contributions .

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Simplify Your Filing System and Retire Your To-File Pile

All Things Admin

When was the last time you made an effort to catch up on your filing? Many times, we struggle with filing because it feels overwhelming, we’re not sure where to begin, or we don’t have an easy system in place. Filing can be inconvenient and time consuming. But there are ways to simplify your filing system. Last month?

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What is a SIMPLE IRA? Everything You Need to Know

Success

Most people are familiar with retirement savings plans, like a 401(k) or a Roth IRA. It’s an easy-to-manage retirement account that lets you make tax-deferred contributions. Keep reading to learn more about this retirement plan and how it stacks up against other options. A SIMPLE IRA is just one of these plans.

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Should I Use a Robo-Advisor to Manage My Investments?

Success

It often includes automatic rebalancing, tax-loss harvesting, retirement planning and picking investments. When you first sign up, the robo-advisor will ask you to complete a questionnaire to learn your general information and financial needs. Vanguard does require a minimum balance to enroll with its digital advisor.

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What Is a Health Savings Account?

Success

We all know we need to prepare for future healthcare costs, but learning how much to save can be difficult. If your plan is through your employer, you can set up automatic deductions from your paycheck, much like you do with your 401(k) or other employer-sponsored retirement accounts.

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Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

Allwork

Age discrimination occurs when a manager or boss treats an applicant or employee less favorably due to their age, which applies to younger people with less experience as well as older people who are close to retirement age. They worry that their company may have no strategy or practice for any sort of planned retirement — because most don’t.

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What Is a Brokerage Account and Do You Need One?

Success

Tune in to this week’s episode of the rich & REGULAR podcast, and keep reading below to learn more about these investment accounts. They function similarly to a retirement account, like a 401(k) or Roth IRA, but instead of being tax-advantaged, as the retirement accounts are, brokerage accounts are taxed as income under capital gains. .