Working Remotely in the Pandemic May Generate a Tax Surprise
Published: September 15, 2020
If the pandemic caused you to relocate across state lines, even temporarily, the next surprise could be having to file an extra tax return and potentially pay more taxes.
Why Taking Social Security Early Costs Too Much
Published: August 27, 2020
Longer lifetimes make the penalty for taking Social Security early, and the reward for delaying, too high. Starting Social Security early typically means getting a smaller benefit for the rest of your life. The penalty is steep: Someone who applies this year at age 62 would see their monthly benefit check reduced by nearly 30%.
Midyear $ Checkup: 5 Things to Review Now
Published: July 21, 2020
Your quarantine summer may be lacking in exciting vacation destinations but it can still be filled with days in the sun and plenty of relaxation. While you're taking a break from 2020, consider taking the time to do a midyear financial checkup. It can give you a sense of control over your finances and contribute to your overall peace of mind - two things everyone could use this year.
What You Need to Know About the EFC
Published: July 14, 2020
Whether you're a high school student starting to apply for college or a parent worried about how to pay for it all; Understanding the expected family contribution (EFC) can help you feel better prepared. Learn how the EFC is calculated, what it means for you, and what you can do to ensure that your college experience is as cost-effective as possible.
What to Do If Your Kid's Emergency Fund Is . . . You
Published: June 30, 2020
If an adult child needs financial help, make sure you can truly afford it before opening your home or your wallet.
Five Financial Lessons from the Pandemic
Published: June 23, 2020
How are you managing the realities of the continued COVID-19 crisis? To help gain perspective during difficult times, it can be helpful to step back, reflect, and take some time to make a plan for moving forward. From managing unexpected interruptions in income to prioritizing monthly expenses, GreenPath Financial Wellness has been listening and learning as we speak with people facing financial hardships. Check out what we've recently heard, taken from direct conversations with people who, like all of us, are moving through everchanging times.