COMING SOON - NEW Bluffton Location
117 E Elm Street
We are hoping that spring is on the horizon. We can hope, right?! We thought we'd make this issue a "spring cleaning" issue, in a financial sort of way. I hope you enjoy and benefit from the reminders and 'snippets' below.
NOT TOO LATE...
It is not too late to make IRA contributions for 2019 (and/or 2020!) If you have not filed your 2019 tax return yet, you can still set up a new IRA or make contributions to your existing IRA. When does it make sense to contribute?
Everyone's situation is different, but these rules apply in general:
The deadline for a contribution for 2019 is April 15, 2020 but don't wait until the last minute. For 2019 the limits for a Traditional IRA contribution are $6,000 per individual and $7,000 for those age 50 and over.
The age you start investing in an IRA matters: It's never too late, but earlier is better. That’s because time is an important factor when it comes to compound growth.
A $6,000 IRA contribution is a significant sum of money, particularly for young people trying to save for the first time. The good news is that you don't have to put the full $6,000 into the account all at once. You can automate your IRA contributions and have money deposited to your IRA weekly, biweekly, or monthly—or on whatever schedule works for you. Making many small contributions to the account may be easier than doing one big one.
We are hiring - would you or someone you know be a good fit?
We are looking for someone who fits our culture, has competence in marketing and administrative skills, and has confidence to work independently. This person would understand that while Faith Investment Services is a for-profit business, we remain ministry-focused. We seek to care about individuals’ needs along with sharing the message of stewardship and Biblically Responsible Investing. If you are teachable, self-motivated, and have strong computer skills and would complement our mission, we may want to talk with you.
This is an onsite, part-time position with regular hours (to be determined.) For a job description and application, please contact firstname.lastname@example.org
TAX TIME TIPS
Check out these quick tips to help you get the most out of this tax season. It is important to pay the taxes you are responsible for - but no one should ignorantly pay more than they are required to. If you want to make a charitable donation to the government, that's one thing -- but unintentionally overpaying on taxes is quite another!
BUDGET CHECK UP : TAX TIME IS THE RIGHT TIME
Tax preparation may be the perfect time to give the household budget a check-up.