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2020 and Your Federal Tax Return

We all know the year we just finished up. But many of us aren’t certain of some of the tax impacts we’ll see when we file our tax return. I will discuss a few of those. Many taxpayers received an economic impact payment earlier in 2020 and many received a stimulus payment late December and …

Economic Impact Payments

For most taxpayers you will receive your economic impact payment based on either your 2018 or 2019 tax returns. However, if the IRS does not have your information because you haven’t filed or if you aren’t required to file, you can give them your information at this site: IRS economic impact payments And soon you’ll …

My Savings Don’t Make Much Money

My savings don’t make much money. I often hear people say that they would like their emergency fund to “make more money” but it doesn’t make much interest in a savings account. Sometimes they ask if they should put it in an investment that has bigger gains, but much higher volatility. They feel they a …

Tax Trap

Ever met someone who was retired and who had been successful in saving for retirement? I’ve met many who seem to feel overly taxed. They did the right things and saved and invested and when they need that money the tax burden feels heavy and a bit like a punishment for success. When I was …

What is Better Financial Counseling Network?

We are a network of independent and accredited personal financial counselors. All of us hold the AFC® which is an accreditation provided from AFCPE®, the Association for Financial Counseling & Planning Education®. AFCPE® is a non-profit organization that sets the standard in personal finance and has done so for over 35 years. The AFC® isn’t …

How to Improve Your Credit

As financial counselors we often get asked how a client can improve a credit score. Most of us aren’t privy to the complete super-secret formula, including me. But there are actions you can take to improve your credit score. Scoring models differ and can change a bit over time and we are focusing on the …