2022 Is Almost Here ... 3 THINGS YOU CAN DO TO PREPARE YOUR FINANCES
Here’s something that’s downright scary: 2022 is only three months away!
much you can contribute every month, you should always hit that cap. This allows you to save as much as possible toward your future retirement, and in many cases, these funds will grow as you continue to work. Plus, if you roll over contributions into a Roth IRA, you could reap even bigger benefits by maxing out savings. (Keep reading!) Convert your retirement savings to a Roth. Roth IRAs are one of the best ways to grow your retirement fund tax- free, and many people look to convert their retirement savings into a Roth to gain this benefit. However, people make a mistake when they choose to convert their savings early in the year. If anything were to change with your financial situation — whether you would make more or less money — it would blow your entire conversion ratio out of alignment. Do this in October, when the end of your year is pretty well mapped out. With 2022 just months away, now is the time to prepare your personal finance goals to better align with your needs. Contact Capital Advisory Group if you need assistance with tax planning.
It’s hard to believe 2021 is almost over, but as we enter the unofficial start to the holiday season, you should be preparing for the end of another year. If you haven’t already begun to set your goals for the new year and finish your 2021 projects, now is the time. This should be done for all aspects of your life, but if you’re unsure about where to begin for your personal financial goals, consider this a go-to guide. Check your withholding. Many workers pay an income tax throughout the year, and you decide how much of your paycheck to give to the IRS. However, as tax laws and your circumstances change, this withholding number should change along with it. Consider this every year in October, make changes as needed, and have peace of mind come next year. Max out your retirement. If you can afford to, there is no reason why you should limit how much you save toward retirement. While there are federal restrictions on how
TAKE A BREAK
This one's for the candy corn lovers! This “pizza” is far from traditional, but once you try it, you might find yourself making it every October! HALLOWEEN COOKIE PIZZA
Ingredients
• 1 roll Pillsbury Sugar Cookie Dough • 1/2 cup creamy peanut butter • 1 cup candy corn
• 1/2 cup chocolate chips • 1/4 cup vanilla frosting
(store-bought or homemade)
Directions
1. Preheat oven to 350 F. 2. Grease a round, 12-inch pan and line with cookie dough, ensuring the dough covers all but the outer 1/2 inch. 3. Bake for 16–20 minutes until golden brown. Cool completely. 4. Spread the peanut butter over the cooled cookie dough, then sprinkle on the candy corn and chocolate chips. 5. In a small bowl, microwave the frosting for 15 seconds or until liquified. 6. Drizzle the frosting over the “pizza,” slice, and serve!
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Inspired by TasteOfHome.com
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