​Preview in browser | Adulting | Forwarded to you? Sign up here. | Archive | Issue #105, Week 23, 2024​
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👋🏽 Dear future you,

This is a seasonal weekly note dedicated to money hygiene - habits, best practices, systems - for values-driven independent workers and business owners. I want the future you to be set up RIGHT.

🧠 On my mind

• The new Microsoft Surface, specifically the Recall feature.
• Retiring in a different country.
• The future of fintech, like Brex and Ramp. Are they Quickbooks and Xero killers?!

🧐 Money Mindset

👓 When It Pays to Claim Social Security Early. (Barron's)
​👓 The Multimillion-Dollar Scandal Rocking Pickleball. (WSJ)
​📖 What is a Robo Advisor? (Acorns Blog)

☑️ LL Money Do

Get and use your Social Security online account.

I love online government agency accounts. They're a nice peek behind the curtain of bureaucracy, demystifying random taxes and withholdings I pay as an employee and employer.

Your ​Social Security account​ has online access, so you can view your annual statement, request a new Social Security card, and view your eligibility and earnings.

It's fascinating and helpful. For example, if you're calculating ​how long your projected retirement savings will last​ and want to include your estimated Social Security retirement benefits (​Future You - #103​), you can log in and see your estimated SSA monthly benefit at early, full, and delayed retirement.

There's also information about disability, Medicare, and more in there.

To boot, a few weeks ago, I wrote about ​Magical IRS Accounts - #99​, telling you your future self will thank you for having an online IRS account; the account you use to log in to your IRS account is the same account you use to log in to your online Social Security account (for most, at least).

Anyway, like all my suggestions, this is an offensive money move. It ensures you are in step with your money in and money out, and you stay on top of any missing or incorrect information so there are no stressful surprises.

Fun.

Also, your Q2 estimated taxes are due on Monday, June 17th. If you haven't already set up your online IRS account, this is an excellent time to do it.

🗓️ Important dates.

• June 17, 2024: Q2 estimated federal and state taxes are due.
• September 16, 2024: Extended returns due for partnership (including LLCs) and S-corporation returns.
• October 15, 2024: Extended personal returns (Form 1040) and C-corporation returns are due + contributions to solo 401(k) plans or simplified employee pension (SEP) plans for 2023 by self-employed if you received a filing extension.

Your fan,

LL
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