Student Loan Planner Year-End Financial Checklist for 2022: Tax Tips, Student Loan Repayment, Investing, and More
Dec 6, 2022
49:25
Reviewing and assessing your progress over the last year can help to keep you on track to reach your goals. But what exactly should you do? Finish the year strong and set yourself up for success in 2023 with these key money moves from Senior Student Loan Advisors Lauryn Williams, CFP®, CSLP®, and Meagan McGuire (Landress), CSLP®.
In today’s episode, you'll find out:
- How to fix your Roth IRA if you’ve been filing taxes separately
- Why you can’t have outstanding pre-tax accounts in your Roth IRA (or backdoor Roth IRA)
- How an HSA can lower your student loan payment and fuel your retirement savings
- How to use income-driven repayment plans to lower your student loan payment
- When you should amend your tax return
- Why you shouldn’t wait until the last minute to book a consult or file taxes
- How to take advantage of some uncertainties in the system
- What to do if you’ve got a lot of cash laying around
- Steps to take if you’re waiting for the tax-free loan cancellation
- Whether you’ll have tax liability under the new student loan repayment plan
Links mentioned:
I Bond from Treasury Direct Student Loan Tax Experts
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