Webinars | Details |
Financial Wellness and Mental Health To boost employees’ mental and financial wellbeing, leading organizations are gauging individual employee needs, providing services that integrate mental and financial health, fostering knowledge exchange and resource-sharing, and adopting a “whole person” model of support. | Wed., Aug. 7, 2024 at 1 p.m. Register |
Opening the Doors to the Future: Save in a 529 College Savings Plan In this webinar you can learn how 529 college savings plans work and how to invest in one for a child, grandchild, yourself or another loved one. | Tues. Aug. 13, 2024 at 2 p.m. Register |
Live with Confidence in Retirement: Five Steps to Creating Your Retirement Income Plan If you’re thinking about making the transition to retirement, this webinar is essential for understanding how to create an income plan that helps you maximize your savings. In five steps you’ll learn how different sources of income work, how to build your strategy for lifetime income and what to consider when planning withdrawals from your retirement assets. We’ll help you prepare by discussing how to estimate your expenses, understand income sources, withdraw your retirement assets and review and adjust your plan as needed. | Wed., Aug. 21, 2024 at 12 p.m. Register |
saving
Student Loan Forgiveness Updates – Video
Join Janice Nottenkamper on June 20 at noon for a new update for those seeking student loan forgiveness through the PSLF process.
Please see the video from the event below!
Be ready for next year: IRS Tax Withholding Estimator helps ensure withholdings are correct for 2024
Be ready for next year: IRS Tax Withholding Estimator helps ensure withholdings are correct for 2024
WASHINGTON The IRS encourages taxpayers to use the IRS Tax Withholding Estimator to ensure they’re withholding the correct amount of tax from their pay in 2024.
This digital tool provides workers, self-employed individuals and retirees with wage income a user-friendly resource to effectively adjust the amount of income tax withheld from their wages.
The Tax Withholding Estimator will help taxpayers avoid unwanted results in 2024 if the refund for their 2023 return was too large, too small or if they received a surprise tax amount due.
Benefits of using the Estimator
For employed individuals, withholding refers to the federal income tax amount deducted from their paycheck. Taxpayers can use the Tax Withholding Estimator’s findings to decide whether they should fill out a new Form W-4 and give it to their employer. This process can, for instance:
- Ensure the correct tax amount is withheld, preventing a surprise tax bill or penalty during tax season, and
- Decide whether to reduce upfront tax withholding, increasing take-home pay and potentially reducing any tax refund at the end of the tax year.
When should taxpayers use this tool?
The IRS suggests taxpayers review their withholding at least once annually. For anyone who’s recently completed their 2023 return, now is an ideal time to do so. It’s also wise to use this tool after significant life events like marriage, divorce, buying a home or having a child.
When using the withholding calculator taxpayers should consider all forms of income, including part-time work, side jobs or the sale of goods or services commonly reported on Form 1099-K.
What records are needed?
The Tax Withholding Estimator’s results are only as accurate as the information entered. To help prepare, the IRS recommends taxpayers gather:
- Their most recent pay statements, and if married, for their spouse,
- Information for other sources of income, and
- Their most recent income tax return in 2023, if possible.
While the Tax Withholding Estimator works for most taxpayers, people with more complex tax situations should instead use the instructions in Publication 505, Tax Withholding and Estimated Tax. This includes taxpayers who owe alternative minimum tax or certain other taxes, and people with long-term capital gains or qualified dividends.
Additional information
Tax Withholding Estimator FAQs
*Information above has been provided by the April 17, 2024 edition of the IRS Newswire. Visit irs.gov for more information.
July Financial Events
Webinars | Date & Registry |
Quarterly Economic Update Hear from our chief investment officer about challenges investors are facing and tips on how to navigate them. We’ll share our views on the state of the U.S. economy and key market drivers, recent financial policies and investing in public markets. | Wednesday, July 10, 2024 11:00 a.m. Register |
She’s got it: A Woman’s Guide to Saving and Investing Learn how to prepare for your future. Join us for a revealing trip through investing and saving strategies developed especially with women in mind. Your money shouldn’t be sitting around doing nothing. We’ll show you the simple secrets to saving more while you learn the core concepts that guide all investing, get motivated, build a plan and take action. You will find ways to take on life’s challenges without damaging future financial well-being and discover more about yourself with the Financial Personality Type Quiz. | Tuesday, July 16, 2024 1:00 p.m. Register |
Your New TIAA: Discover the Redesigned Online Experience The new TIAA experience presents a picture of your retirement with advice and content that is tailored to inform, motivate, and reassure you during your retirement journey. It’s a reflection of your savings story that evolves to get and keep you on track towards building a secure retirement. Join us for a walk-through of the new features: • Find all of your accounts, all in one place. • Set and reach your retirement goals. • Get personalized recommendations and answers to common questions. • Peruse educational resources for insights on managing your money. • Easily connect with TIAA for the advice you need. | Thursday, July 18, 2024 11:00 a.m. Register |
Basic Social Security Strategies Social Security will likely play a significant role in building your retirement income. It’s part of a critical safety net for most retirees. When you’re formulating your retirement plans, it’s helpful to have an understanding of how and when you can rely on Social Security income. | Thursday, July 25, 2024 2:00 p.m. Register |
June Financial Events
Write Your Next Chapter: Five Steps to Setting Your Retirement Date For anyone starting to think seriously about when to retire, this webinar takes you through five steps to deciding when the time is right, including estimating retirement expenses, closing any income gaps and understanding key milestones that can impact your retirement finances. | Tuesday, June 4, 2024 at 11 a.m. Register |
Charting Your Course: A financial guide for women Your money shouldn’t be sitting around doing nothing—and in this session, you won’t be either. Our goal is to help give you an idea of where you are, figure out where you want to be and, of course, consider how you’re going to get there. | Wednesday, June 12, 2024 at 1 p.m. Register |
The Starting Line: Beginning to save for retirement There’s no time like the present to save for the future. Sometimes it’s hard to think about retirement when you’re just starting out in your career. The truth is, that’s when thinking ahead can do the most good! It all starts with some practical knowledge. | Thursday, June 20, 2024 at 2 p.m. Register |
Take Control of Your Financial Life: Five steps to managing money and debt If you’re just starting out or want to improve your day-to-day financial skills, this webinar will help you learn how to manage your money and balance your priorities so you can enjoy life now and save for the future. | Tuesday, June 25, 2024 at 12 p.m. Register |
Public Service Loan Forgiveness
On May 8 at noon, Janice Nottenkamper, from the UAMS Student Financial Services department presented new updates for Public Service Loan Forgiveness. See the video below and download the slides.
May Financial Wellbeing Events
Opening Doors To the Future: Save in a 529 College Savings Plan In this webinar, you will learn how 529 college savings plans work and how to invest in one for a child, grandchild, yourself or another loved one. | Wednesday, May 1, 2024 11 a.m. Register |
Fidelity Help Desk with Susan Screenton Location: Lobby Café | Monday, May 6, 2024 at 11 a.m.-1 p.m. |
Invest for Success: Five Principles You Need to Know No matter where you are in your career journey, this webinar will help you understand the key principles of investing for retirement. From compounding to handling taxes to choosing investments, you’ll learn that how you invest for retirement is just as important as how much you save. | Tuesday, May 7, 2024 1 p.m. Register |
Healthcare Heroes: Take Control of Your Financial Future Money help just for you. When you need it. Everything you do, you do with care. We can help you do the same with your money. | Thursday, May 9, 2024 at 1 p.m. Register |
Basic Estate Planning Strategies Ensuring that our assets will pass to loved ones and causes that are near and dear is important to most of us. Discover the components of a basic estate plan and strategies to ensure that your wishes are met. | Thursday, May 16, 2024 2 p.m. Register |
Make the Move Toward Long-Term Financial Security: Your Mid-Year Retirement Check In For anyone halfway down the road to retirement, this webinar is a critical checkpoint. It takes you through the keys to successful money management, how to juggle competing financial demands and retirement saving strategies that can help put you on the path to lifelong financial security. | Tuesday, May 21, 2024 12 p.m. Register |
Student Loan Repayment & PSLF Q&A Zoom
On April 17 at noon, Janice Nottenkamper, from the Student Loan Repayment & PSLF webinar will host a 30 minute Q&A session via zoom.
This event will not be recorded.
Please do not forward the invitation you receive for this Zoom. Please ask others that wish to attend to register as well.
This event has already occurred. Please watch the announcements for more sessions from Janice Nottenkamper.
Planning Your Retirement: What You Should Know About Social Security
Join Tonya Cater from the Social Security Administration for an in-person presentation: Planning Your Retirement: What You Should Know About Social Security on April 10 at 11a.m. in the Rahn Building, 8th floor, room 8240.
PSLF & IDR Waiver Q&A Sign-Up
An informative webinar will be held Feb. 28 at noon hosted by the Division of People and Culture and presented by Janice Nottenkamper, UAMS Student Loan Debt Management Office in Student Financial Services, and it will focus on the new IDR Waiver due date extension and what that can mean for those seeking Public Service Loan Forgiveness.
Video from event on 02/28/2024: