
Quincy University Refund Request 2009-2025 free printable template
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Making up money tax time is upon us with procrastinators waiting to file and early birds are already planning what to do with their refund checks but what is the best way to bank that money and try to get ahead Robert bolts L from our LB financial is here now with some ways for ways in particular to put that tax refund to good use, and thanks for coming in Robert we appreciate it thank you for having me we understand top of that list should really be about eliminating credit card debt why is that so important why your financial freedom I mean credit card debt is an all-time high it's almost at a trillion dollars and that can be in the number one killer of financial freedom especially if you're going into retirement, so we suggest that you start with the highest you know interest-bearing accounts who want to charge the most interest and start picking down from there and are we doing something wrong by expecting big refunds at this time of year is that mean we should be getting this money throughout the year in our paychecks rather than waiting for it at this time definitely you should, I hate to have Uncle Sam save my money they don't pay any interest on it right, so I'd rather have that money now than I would at the end of the year if you do the math right on your deductions on your paycheck then you shouldn't have to get this big refund at the end of the year and that allows you to do more with the money during the year another thing part of what we give advice is it's also got you know a solid plan of having an emergency fund 25 of Americans don't even have an emergence when you talk about that emergency fund how much are we talking what is the ballpark people should shoot for in developing that kind of savings that's a great question what we usually suggest is three to six months of expenses in an account that you can get to quickly just in case of an emergency so not locked up in one of those high interest-bearing accounts that you can't access if you need exactly and if you borrow against it make sure you replace it because it's incredibly important to do now another thing is invested in the future one of the highest part of the segments of the population baby boomers have a student loan debt extremely high mainly because of their kids or their grandkids so think about starting like a 529 plan and in investing in that give the gift to your children so that they're not one of these forty-four million kids that have student loan debt and many people of course have their fingers crossed that their refund check is going to be big but with these new tax laws are they in for a shock well now we're base this refund check is based off of last year's law, so it's not going to make a difference but if you take your refund check and think about looking at your retirement plan and maybe catching up or putting some more in your retirement plan you might make a bigger refund check next year based on today's tax laws, so you got to do a little of research...
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