The death of a spouse is one of the most difficult experiences many of us will have to face in our lifetime. Complicating the loss is the often-confusing financial issues that need to be dealt with.
As a financial advisor, I frequently work with clients who have recently gone through a major life change. Unfortunately, the loss of a spouse is one of the most common reasons that someone seeks the help of a financial advisor.
Most new widows have a lot of questions about financial matters. Below are the questions that I am most frequently asked, as well as my advice for helping women feel in control of their new financial situation.
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Capital Advantage, Inc. is pleased to announce the promotion of Selma Hackett from Client Service Representative to Senior Client Service Representative. In her expanded role, Selma will take on more responsibility within the client service arena, while continuing as a key team member responding to client requests.
“I am very proud of Selma. Her warm approach and desire to help clients is ever-present, and she goes out of her way to provide our clients with the highest level of personalized service,” said Capital Advantage’s Manager of Client Services Jeannie Churchill, FPQP®.
Selma commented, “I am looking forward to taking on new and more challenging opportunities. I truly enjoy connecting with clients on a personal level and consistently strive to exceed their service expectations.”
Please join us in congratulating Selma!
The IRS has postponed the deadline to file 2020 tax returns for individuals from Thursday, April 15th to Monday, May 17th giving taxpayers another month to file tax returns and make payments.
“This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities,” said IRS Commissioner Chuck Rettig.
Here are a few key things to know:
- The May 17th deadline applies to to federal income returns and taxes only. State filing deadlines may differ.
- Estimated first quarterly tax payments don’t get an extension and are still due on April 15th.
- Filing electronically with direct deposit is the quickest way to get refunds.
Please Note: The federal tax filing deadline postponement to May 17, 2021, only applies to individual federal income returns and tax (including tax on self-employment income) payments otherwise due April 15, 2021, not state tax payments or deposits or payments of any other type of federal tax. Taxpayers also will need to file income tax returns in 42 states plus the District of Columbia. State filing and payment deadlines vary and are not always the same as the federal filing deadline.