We’ve been hearing from a lot of Teammates who are EXCITED to be getting a refund after filing their 2024 taxes. Sure, it’s like a big adrenaline hit when you find out you have a refund check coming your way (and you start dreaming about all the fun things you can do with that money). Here’s the reality check. Getting a large refund is not winning! Look at it this way, a refund is simply giving the government (Federal and/or State) a free ride with YOUR hard earned money all year. Don’t you have a better use for it than they do? Couldn’t you use that money every month to pay down debt or better yet, INVEST? If you are in the habit of getting a big tax refund every year, consult your tax advisor or accountant and consider adjusting your withholdings or consider making contributions to your Roth 401k (no tax deduction) instead of the traditional 401k to bring next year’s tax return more in balance. Start putting more of YOUR dollars to work for YOU throughout the year!
CalmWater Financial Network®, 3204 W Benjamin Ave, Suite 200, Norfolk, NE 68701 ~ (402) 371-5511
Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth.
www.calmwaterfinancialnetwork.com