Errors spell the end of Devils’ baseball season Senior Profile: Carry Hayslip Lady Hounds’ season ends with tourney loss to Paint Valley North Adams hosts Youth Volleyball Camp Time to get “Stroke Savvy” OVCTC, GE host Community Service Day 65 years in the pulpit Jamison, Richmond, Minshew conquer second race of 2017 Brushcreek season Manchester’s Cox signs with Rio basketball program Senior Profile: Andrew Weeks A dozen SHAC champions Thomas D Lute Sandra F Schwab Turning something broken into something beautiful Nowhere to run, nowhere to hide One dead, two injured in ATV accident 2017 Graduation Ceremonies West Union Alumni and Friends Educational Fund announces 2017 Scholarship Awards TAG students tour Pennsylvania Commissioners proclaim Older Americans Month Building an anti-drug culture one t-shirt at a time SECTIONAL CHAMPIONS NAES students awarded Science Camp scholarships SSCC’s Associate Degree Nursing program celebrates graduation Bauman selected to National 4-H Congress Lois Pertuset Hazel Nixon Philip L Paeltz Manchester Youth Volleyball Camp begins May 30 Jase Thatcher Figgins’ walk-off winner sends North Adams to Division III sectional finals Lady Hounds top East 10-3 in sectional opener Commissioner Pell, union reps travel to DC Forgotten experience brings back good memories for WUHS seniors Gordon Boldman Local teen injured in jeep accident BCI Investigation underway Rick Arnold Happy Mother’s Day- Do you want food? Robert Hodge Melvin Tipton Lady Dragons Basketball Camp begins May 22 Lady Devils Basketball Camp is May 30-June 1 National Day of Prayer celebrated in county NAES students enjoy day at GABP Car strikes Amish buggy near Winchester Eldon J Shoenleben Farming out life lessons to children and parents Proposed Medicaid changes could cost Adams County millions Annual ‘Redneck Run” returns to Manchester May 13 They really were the best of times West Union hosts Junior High, High School County Track Meets Figgins signs with SSCC Soccer Perfect again! Senior Profile: Caley Grooms James T Hughes Anderson signs with Rio Grande Basketball Senior Profile: Miranda Schiltz Playing for Dad, Part II Lady Indians win SHAC Big School title Danny Bryant Sadie Stamm Franklin E Brayfield Softball, baseball tourney match ups announced Traveling Vietnam Memorial Wall coming to Georgetown next week Southern Ohio Genealogical Society offers program on ‘Family History Sources at the Ohio History Center’ Joseph A Johnson Jr Kramer tosses two shutouts in five days Trip to Akron = two more wins for Lady Indians softball Devils blank Dragons in non-conference battle Meade twins part of Rio baseball program Playing for Dad Senior Profile: Madison Welch As Mr. Seas It, for ACOVSD High School graduates We stayed up all night with Bob Clean up of Manchester’s abandoned gas stations continues Ribbon cutting held for canoe/kayak access sites Columbus Industries donates driveway repair to Animal Shelter North Adams Elementary recognizes March Students of the Month Animal Shelter Adoption Center announces new hours of operation Major road construction planned for summer months West Union Elementary honors March Students of the Month Charles D Jordan Betty Ginn Pamela M Hampton Former county sheriff celebrates 80th birthday Missing Adams County man is found Lady Hounds fall to Whiteoak in slugfest Calvert’s walk-off gives Hounds 9-8 win over Whiteoak Charles A Benjamin Give My Regards to Broadway Joyce Berry Joe L Easter William E Foster Margaret Belcher John M Cheatham Ronnie Simpson Under new management county hospital is thriving against all odds Historic fairground gazebo demolished One year later, still no arrests in Rhoden family murders

Your midyear financial checkup

Setting a few hours aside for a midyear financial checkup in June or July can help you review how you’re doing with savings, investing, spending and debt. It can give you the opportunity to spot irregularities and adjust your budget well in advance of year-end.

If you already work with a qualified financial or tax advisor, consider discussing this review process with them so they can guide you to any specific money issues you should be tracking.

Start by requesting at least one of your three credit reports. The idea is to make sure your credit balances are accurate and to check closely for any irregularities that might signal identity theft. Federal law requires that each of the major credit agencies – Experian, Equifax and TransUnion – give you your most recent credit reports for free (https://www.annualcreditreport.com/index.action) once a year.

If you discover unusual charges or accounts you didn’t open, alert your advisors, take any steps they recommend and otherwise follow the U.S. Federal Trade Commission’s step-by-step identity theft guide (http://www.consumer.ftc.gov/features/feature-0014-identity-theft) to help you take action. Remember to stagger receipt of each of your credit reports throughout the year so you have the opportunity to catch potential irregularities every few months.

Next, turn to your budget or start one if you’ve never made one before. The midyear review should focus on whether adjustments can be made to save or invest more or pay off more debt if more money is coming in from a raise or other resources. If spending is up by midyear, it’s always important to know why and whether funds can be reallocated to better purpose.

Review your retirement and whether you’re maximizing your contributions at work or in your own personal retirement accounts. Those who reach age 50 by the end of the calendar year will be able to take advantage of additional catch-up contribution allowances to beef up their balances as they approach retirement.

Midyear is also a good time to check the adequacy of one’s emergency fund (http://www.practicalmoneyskills.com/calculators/emergency). Emergency funds help keep you from tapping your credit or savings balances in a sudden cash emergency. The amount of money you keep in your emergency fund should fit your needs, but consider a balance of four to seven months of everyday expenses in case there’s a short-term job loss or an emergency repair. Consider keeping a year-round list of potential home, car or personal expenses and decide whether your emergency fund is adequate or you might need to set up other savings accounts to address bigger needs.

Make sure your tax withholding levels are correct. This is particularly important if your income has changed during the first six months of the year and you might be closing in on a higher or lower tax bracket. Consult your tax advisor for assistance, and the IRS features its own withholding calculator (http://www.irs.gov/Individuals/IRS-Withholding-Calculator) to help you decide.

Finally, make sure all your record keeping is up to date. Midyear is a good time to look over all your spending, saving and investment records to make sure all the numbers add up and underlying paperwork is in order. Also consider online banking, investing and bill payment as a way to save more time and money.

Bottom line: Taking a midyear break to review your finances gives you a thoughtful opportunity to spot errors, adjust your budget and save on taxes.

Leave a Reply

Your email address will not be published. Required fields are marked *

© The People's Defender - All rights reserved