January 5, 2015
Subject: Retirement Readiness NOW Tip
Your Retirement Readiness NOW Tip:
We have come to the end of another year, we say “GOOD-BYE” to 2014 and “HELLO” to 2015!
It’s time to start thinking about completing your 2014 tax returns.
The IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will begin processing at the same time.The decision follows Congress renewing a number of "extender" provisions of the tax law that expired at the end of 2013. These provisions were renewed by Congress through the end of 2014. The final legislation was signed into law Dec 19, 2014.
"We have reviewed the late tax law changes and determined there was nothing preventing us from continuing our updating and testing of our systems," said IRS Commissioner John Koskinen. "Our employees will continue an aggressive schedule of testing and preparation of our systems during the next month to complete the final stages needed for the 2015 tax season."
The IRS reminds taxpayers that filing electronically is the most accurate way to file a tax return and the fastest way to get a refund. There is no advantage to people filing tax returns on paper in early January instead of waiting for e-file to begin.
More information about IRS Free File and other information about the 2015 filing season will be available in January, the information can be found on the IRS website, http://www.irs.gov.
Remember Retirement Readiness NOW is not just about saving money and not just something you do just before retiring. Money is very important, but that’s not all. There’s a lot more to planning for your future than putting aside income out of each paycheck for retirement.
What else is there? Happiness, both today and in your future years, is based on your total well-being. So, when planning for your future, you also need to consider your total retirement well-being that encompasses the following:
Networking - What are you doing today that will allow you to be engaged, challenged and fulfilled in retirement?
Overall Health - What are you doing to stay healthy so that you can enjoy your retirement years?
Wealth - How well are you managing your income and investing for your future so that you will be able to support your desired lifestyle in retirement?
Each week we send you a link to a web site that will help answer one of the questions above. Please visit the web sites and share the links with your employees and your friends.
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