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Elm3’s Guide to the 2021 Child Tax Credit

2023-05-11T15:12:07-04:00February 21st, 2022|Blog, Taxes|

Elm3's Guide to the 2021 Child Tax Credit By: Stacey Nickens The Child Tax Credit both increased in 2021 and was delivered in a different manner. Unless you unenrolled from advanced payments, parents received monthly payments of their Child Tax Credit. In total, these advanced payments should equal half of the total credit that [...]

Choosing the “Best Fit” Pension Plan for You

2023-05-11T15:17:00-04:00December 13th, 2021|Blog, Financial Planning, Retirement|

Choosing the "Best Fit" Pension Plan for You By: Stacey Nickens American Express was the first company to offer pensions to their long-term employees. Beginning in 1875, employees who served the company for more than 20 years had access to half of their annual salary upon retirement. While pensions expanded in popularity during the [...]

Take Advantage of These Tax Breaks Before They Disappear

2023-05-11T15:19:04-04:00November 19th, 2021|Blog, Taxes|

Take Advantage of These Tax Breaks Before They Disappear By: Stacey Nickens Year-end tax and financial planning is always important. However, the third stimulus payments and changes to the 2021 child tax credit make year-end tax planning especially important this year. Tax payers should be aware of the income thresholds for certain tax benefits. [...]

3 Ways to Take Advantage of the Federal Student Loan Pause

2023-05-11T15:25:19-04:00August 30th, 2021|Blog, Financial Planning|

3 Ways to Take Advantage of the Federal Student Loan Pause By: Stacey Nickens At the beginning of August, the Department of Education announced that they will be extending the pause on federal student loan payments. The moratorium was set to end on September 30, 2021, and will now continue through January 31, 2022. [...]

Unenrolling from Monthly Child Tax Credit Payments

2023-05-11T15:28:29-04:00June 28th, 2021|Blog, Taxes|

Unenrolling from Monthly Child Tax Credit Payments By: Stacey Nickens In July, the IRS began sending out advanced payments of the 2021 Child Tax Credit. You may be interested in opting out of these advanced payments for a number of reasons. Because these are advanced payments of a credit, every dollar you receive this [...]

Opting Out of Monthly Child Tax Credit Payments

2023-05-11T15:30:39-04:00May 24th, 2021|Blog, Taxes|

Opting Out of Monthly Child Tax Credit Payments By: Stacey Nickens On July 15, the IRS will begin sending out monthly child tax credit payments to eligible parents. However, what should you do if you would rather receive your child tax credit payment in a lump sum payment? You will be able to opt [...]

A Guide to Your Third Stimulus Check

2023-05-11T15:34:36-04:00March 15th, 2021|Blog, Financial Planning|

A Guide to Your Third Stimulus Check By: Stacey Nickens On March 11, President Joe Biden signed the American Rescue Plan Act of 2021. This act provides for a third round of stimulus to some American families; however, as the legislation took a while to make it's way through both chambers of congress, you [...]

Positions I’m Watching: PayPal

2023-05-11T15:37:03-04:00February 19th, 2021|Blog, Investments|

Positions I'm Watching: PayPal By: Stacey Nickens Due to the pandemic, more people are shopping online rather than in store. As a result, the online payment industry has seen a big increase in demand. The online payment platform, PayPal, has accordingly benefited, and its stock has grown over 50% during the past three months. [...]