No matter where you are on your Retirement journey, Servant Solutions is here to help you plan with confidence. Here are five strategies to consider as you save and plan. Servant Solutions wants to be your life-long financial planning partner. We’re available with multiple tools and planning documents to help you arrive at your retirement years well-funded.
It’s Easy to Let Emotions Get in the Way by Bob Haymond, CFP
We have seen some big swings in the stock market the past five months. As a result, Servant Solutions has talked with several of our participants about these market changes. Having a plan and sticking to it can help you weather your emotions and avoid common mistakes such as buying and selling at the wrong time out of panic or exuberance.
A market "quilt” image shows that it is difficult, if not impossible, to find any kind of trend. It demonstrates the unpredictability and randomness of investment results, and that past performance does not predict future performance. This underscores the importance of diversification in your portfolio as a tool to help you reach your investment goals and manage risk.
If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness (PSLF) Program. PSLF forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
Four tax documents you might need to file your tax return.
The IRS is still working through millions of tax returns from 2020, because it is experiencing employee shortages and underfunding. The agency has also been working on implementation of new pandemic-related programs, such as the advanced child tax credit payments. As the IRS tries to catch up on 2020 returns, you can begin the process of filing your 2021 tax return.
