Issue link: https://read.dmtmag.com/i/630222
The Art of Manliness Continued JOBS for TEAMS | 26 www.jobsfor teams.com to another child and pass along the tax-free earnings. If that's not an op- tion, you can cash the account out but pay a 10% penalty on the earn- ings accrued. 7. Get an accountant (if your finances are complex). When you were in your 20s, your finances were probably rather simple. You may have had just a checking and a savings account and maybe a few bills. When you get into your 30s, your finances start getting more complex — mortgages, home owners insurance, multiple retirement ac- counts, college savings plans, maybe even a side-hustle business. All these additions to your financial picture will definitely make taxes more com- plicated. While you can use software to guide you through the process, a certified personal accountant can make sure you're not paying more in taxes than you should be and will save you a ton of time — especially if your finances are a little more com- plex than the average Joe. Up until a few years ago, I did my own taxes with TurboTax. With ex- panding business and financial com- plexities, taxes took me forever and I was definitely leaving money on the table. So I decided to hire an accoun- tant, and it is easily one of the best decisions I've ever made. She quickly found places where I was overpaying on taxes. Best of all I hardly spend any time on my taxes myself. Just a few minutes gathering forms for her and then reviewing them before I send them in.>