The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. March kicks off "retirement planning" month at MONECO. Throughout March we will be providing you a host of content about planning for retirement and all the things you need to be doing to prepare for it and enjoy it, if you are already there.
In this issue:
• Impending Tax Deadline - What Filers Need To Know (3 min read)
• Stock Splits (2 min read)
• Best Part-Time Jobs For Seniors (3 min read)
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Impending Tax Deadline - What Filers Need To Know
With the deadline to file your 2021 taxes rapidly approaching, there are several things you should be aware of. This year the last day to file if you are not applying for an extension, is Monday, April 18th. With many receiving stimulus checks and child tax credits, you will want to ensure you are reconciling appropriately. Here is a list of some of the other important items you will need to also take into consideration. As always, if you have any questions, do not hesitate to reach out.
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Stock Splits
From FMG:
You may have heard that both Amazon and Alphabet recently announced stock splits. But what you may have missed is the subplot to the unfolding story.
The decision to split makes it likely that one of them will be added to the Dow Jones Industrial Average (DJIA) the next time there’s a change. The DJIA is a price-weighted index, meaning its value is derived from the price per share for each stock divided by 30. Some believe that Google and Amazon were too high priced to get selected. By splitting, they improve their chances.
Amazon says it plans to split 20-for-1 in early June. Were the stock to close at $2,500 on the day of the split, each share would go to $125 and each existing holder would get 19 additional shares for every one they own.
Alphabet says it plans to split 20-for-1 in mid-July. Shareholders will get the same treatment.
A company’s board of directors makes stock-split decisions. Among other reasons, the board is looking to make the shares more affordable to employees and individual investors.
Stock splits can be confusing, so please reach out if you want more detailed information. And remember, Amazon and Alphabet are highlighted because they are splitting their shares. This is not a solicitation to buy or sell the securities.
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Best Part-Time Jobs For Seniors
A lot has changed over the past few years and working in retirement is one of them. Longer life spans and fewer companies offering pension plans, have many viewing retirement in a different way. Whether you want to get out of the house or just earn a bit to supplement your retirement income, here are the 10 best part time jobs for seniors.
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.