Retirement & Investment Center Located at Dow Credit Union

Did you know that the SECURE Act 2.0 changed Required Minimum Distribution Rules? https://lnkd.in/ghvKQQMH

?? Happy First Day of Spring! ?? After enduring the chilly winter months, it’s time to embrace the beauty of blooming flowers and warmer days ahead! ?? Whether you’re planning to visit local parks, start your garden, or enjoy outdoor activities, let’s celebrate the renewal of nature. What are you most excited about this spring? Share your plans and favorite spring activities below! ??? #FirstDayOfSpring #MichiganSpring #EmbraceTheSeason

?? Happy Saint Patrick's Day, everyone! Whether you're sporting green, enjoying some traditional Irish fare, or celebrating with friends, today is all about embracing the luck of the Irish! Share your favorite St. Paddy’s Day traditions in the comments below, and don’t forget to raise a toast to good fortune! Cheers! #StPatricksDay

Take the time to think about these three things when shopping for your next vehicle. https://lnkd.in/gFKHtuRm

Do you carry a balance on your credit card? Learn how long it may take to pay off the entire debt. #CreditCard https://lnkd.in/g8TNVAAi

?? Don’t forget, everyone! Daylight Saving Time kicks in this weekend! Set your clocks forward one hour before you head to bed on Saturday night. It’s time to enjoy more daylight in the evenings! ??? Stay sharp and enjoy the longer days ahead! #DaylightSavingTime #SpringForward #MoreSunshine

?? Are you making the most of your credit card rewards points? ?? Whether it's cashback, travel perks, or exclusive discounts, these points can really add up! Here are some tips to maximize your rewards: 1?? **Choose the Right Card**: Look for a card that offers rewards tailored to your spending habits—whether it’s travel, dining, or groceries. 2?? **Stay Informed**: Keep an eye out for special promotions or bonus categories where you can earn extra points. 3?? **Pay Your Balance**: Avoid interest charges by paying off your balance each month. This helps you keep your credit score healthy while enjoying the benefits. 4?? **Redeem Wisely**: Take the time to research the best ways to redeem your points. Sometimes, redeeming for travel can give you even more value than using them for merchandise. 5?? **Combine Points**: If you have multiple rewards programs, consider consolidating your points for bigger rewards. Start leveraging your points today and unlock exciting rewards! What’s your favorite way to use your rewards? ??? #CreditCardRewards #FinancialTips #SmartSpending

Happy Refired, Not Retired Day! ?? Today, we celebrate the spirit of reinvention and the endless possibilities that come with embracing a new chapter in life. Instead of viewing retirement as an end, let’s see it as an opportunity to pursue passions, explore new interests, and make the most of the time we have! Whether it's picking up a new hobby, traveling to places on your bucket list, or giving back to the community, this day is all about staying active, engaged, and excited for what lies ahead. Share your own refired stories and plans for this vibrant phase of life! What’s your next adventure or goal? Let’s inspire each other! ?? #RefiredNotRetired #EmbraceTheJourney #LifeAfterWork

Filing an extended tax return can be a practical choice, but it's important to avoid common pitfalls to ensure a smooth process. Here are some errors to watch out for: 1?? **Missing Deadlines**: Even with an extension, you need to file your return by the extended deadline. Mark your calendar and set reminders! 2?? **Underestimating Payments**: If you owe taxes, make sure you’ve paid at least 90% of your tax liability by the original due date to avoid penalties and interest. The extension only applies to filing, not payments! 3?? **Gathering Incomplete Documents**: Ensure you have all necessary documents, like W-2s, 1099s, and other income statements. Incomplete information can lead to inaccuracies. 4?? **Neglecting State Taxes**: Remember that extensions for federal taxes don't automatically extend to state taxes. Check your state's requirements to avoid late fees. 5?? **Not Reviewing Previous Returns**: Take time to review last year’s tax return for credits and deductions you might have missed. This can help maximize your return! 6?? **Forgetting to Double-Check Numbers**: Simple math errors can lead to big problems. Review your calculations thoroughly before submitting your return. 7?? **Ignoring Deductions and Credits**: Many people miss out on valuable deductions and credits simply because they aren't aware of them. Research what you qualify for, especially if your situation has changed. 8?? **Neglecting to Sign and Date**: If filing by mail, don’t forget to sign and date your return. It sounds simple, but this oversight can delay processing. By being mindful of these common errors, you can ensure a more accurate and efficient tax filing process. ??? #TaxFiling #TaxTips #FinancialPlanning

???? Tax Loss Harvesting: A Strategic Move for Your Portfolio! ???? Since tax season is in full swing, let's talk about a powerful technique that can help optimize your investments—tax loss harvesting! ?? This strategy involves selling underperforming assets at a loss to offset capital gains from your profitable investments. Here’s why you should consider it: 1?? **Reduce Your Tax Bill**: By realizing losses, you can lower your taxable income, which may result in significant tax savings. 2?? **Rebalance Your Portfolio**: This is a great opportunity to reassess your investments and ensure they align with your financial goals. 3?? **Offset Future Gains**: If your losses exceed your gains, you can carry them forward to offset taxes on future gains. 4?? **Stay Proactive**: Regularly reviewing your portfolio can help you take advantage of market fluctuations and find new opportunities! Before diving in, it’s a good idea to consult with a tax professional to ensure you’re maximizing the benefits while complying with IRS regulations.