Boring (but Necessary) stuff
April 7th, 2009
This is probably going to be a shorter post today because we are at the height of tax season and I am up to my eyeballs in tax return work!
However, here is a non-tax related but important item for Turbo-Moms everywhere. Tax time is also a good time to get thinking about other information that we need to get in order, such as life insurance policies, wills and such.
Here’s why:
- Have you had another child or 2 since you took out that term life insurance policy? Be sure to contact your agent and get a “change of beneficiary” form and add your newest family members to the policy.
- Do you have a will? If not, there are all sorts of programs out there to help you along with the process. The best deal I’ve found is the Family Lawyer software package offered by Broderbund Software (www.broderbund.com), the same company that manufactured “Print Shop” and still does. For $20, you have a whole suite of documents, including wills, trusts, etc. as well as hundreds of other documents (example: if you need to sell your car or need to complain to someone but aren’t sure what to say). What I recommend is drawing up your basic will using the software and then taking it to a trusted estate attorney to review it to make sure that it fits your state’s laws.
- Did you have a big refund or owe a lot this year? If so, it’s time to adjust your W-4, i.e. your tax withholding from your paycheck. Check out www.paycheckcity.com for an easy to use calculator to help you adjust it.
Gotta get back to taxes but have a great week!
Copyright 2008-2009 Kristin Delfau, author of Turbo-Mom's Guide to Saving Money Without Wasting Time a womens' personal finance book, and Aji Publishing.
Tags: important documents, insurance, taxes
Posted in
Turbo-Mom's Guide to Saving Money Without Wasting Time, saving money |
1 Comment »
April 7th, 2009 at 2:00 pm
I found your site on Google and read a few of your other entires. Nice Stuff. I’m looking forward to reading more from you.