AS WE APPROACH the last quarter of the calendar year, it is a good time to look back at your 2019 financial goals to see if you are on target. Have you saved as much as you wanted? Have you paid down some debt? Remember, if you pay more than the minimum amount due, you not only pay off your debt earlier than scheduled but also save on interest fees.
As of this writing, the stock markets performed well, so your investments may be ahead of your goals. Take a look at your accounts to see if you should rebalance holdings so they align with your preferences and risk tolerances.
Saving for retirement is always prudent. It lowers your current taxes because the amount you save in your IRA account or 401 (k) is a tax deduction and has the added byproduct of increasing retirement resources. Additionally, retirement account holdings grow tax-deferred until you begin to make distributions. You may also benefit by being in a lower tax bracket when in retirement, emphasizing the importance of maximizing your retirement contributions now.
For those individuals paid via a W-2, it is a good idea to take your year-to-date earnings and withholdings and calculate where you will end up at year’s end to determine if you will be in good shape when it comes time to file your 2019 Form 1040. Be aware that last year is not a good indicator of where you will be this year because last year the new tax law changes modified the tax withholding tables during the tax year. There were no modifications this year. You don’t want any surprises when you file your tax returns; take the time now to get an understanding, as there is still time to change your withholdings if you need to do so.
This is also a good time to compare your actual spending to the amount you budgeted. If you have not been a budgeter but are willing to give it a try, this is a good opportunity to get a sense of what you spend each month and take the rest of the year to analyze your expenses so you can have some historical numbers to use for a 2020 budget. Set some short-term and long-term goals. Written goals are helpful, and evidence shows written goals are more frequently attained than those not transcribed. If you have more debt than you would like, make a commitment to change any bad habits so you don’t end up in the same situation in the future. Your financial picture won’t change quickly, but positive months will allow you to accumulate wealth over time.
The content of this article is for informational purposes only. It is not intended to be a substitute for professional financial advice. Always seek the expertise of a certified financial advisor or other qualified provider with any questions you may have regarding personal finance, investment and money-related issues.
GBTA’s Convention 2021 will bring the business travel industry together for the first time in a long time. Once again, you’ll learn and connect with experts and each other, along with discussions with leading thinkers, entrepreneurs and change makers addressing the issues that matter most.
I imagine that when writer Hans Christian Andersen mused, “Life itself is the most wonderful fairy tale,” he was standing at the edge of Copenhagen’s historic Tivoli Gardens, one of his favorite haunts, enlivened by the swirl of human happiness that surrounded him: children laughing; carousels spinning; games of chance played for prizes; lovers holding hands; hungry people whispering over sweets, hot drinks, beer and towering, open-faced smørrebrød, Denmark’s quintessential sandwich. That fairy tale lives on today at the second-oldest amusement park in the world, a spectacle of folly architecture, bakeries, gardens, rides, restaurants, puppet shows and joy ... and which also happens to be one of the city’s most storied places to convene for business.
The restored Park Hyatt Toronto reopened its doors, bringing luxury, sophistication and glamour alongside a nod to the hotel’s Canadian heritage. Alessandro Munge of Studio Munge collaborated on the hotel’s refresh, drawing inspiration from Canada’s seasons and natural landscapes.
The Global Business Travel Association’s (GBTA) Convention 2021 will be unlike any other convention before it, as we come together in person for the first time since the business travel industry drastically changed and look forward to rebuilding and reshaping the future. GBTA Convention 2021 will bring all of us together to learn from experts and each other, in-person at Orange County Convention Center in Orlando, Florida, Nov. 17–19. The safety of our attendees is our top priority. View health and safety protocols.
I recently dined at Irwin’s in Philadelphia. The restaurant is located on the rooftop of the Bok Building, a former school turned collective of small businesses, non-profits, artist workshops, a bar and restaurant. I previously visited Bok for the bar and yoga classes, and I was excited to experience the restaurant.
Cathay Pacific reaffirms its commitment to reaching net-zero carbon emissions by 2050 with a pledge to use Sustainable Aviation Fuel for 10 percent of its total fuel consumption by 2030. The airline has made pioneering efforts in supporting SAF development for more than 10 years.
Without a doubt, the pandemic changed the role of airports in the travel industry. Hamad International Airport’s role evolved in many ways since the pandemic hit. Now, more than ever, airports are responsible for creating a secure passenger experience. As the gateway to Qatar and the world, the safety and wellbeing of staff and passengers has always been at the core of Hamad International Airport’s strategy.
Arriving early afternoon in Puerto Rico, we jumped in an Uber and took a short, 15-minute drive from the airport to La Concha. As it was Tuesday, the streets were not too busy and the hotel lobby was calm. During the weekend, the scene likely would have been more bustling. We were greeted by a staff member who requested proof of vaccination and government-issued ID, and were given a wristband to indicate we were fully vaccinated. All guests are required to be vaccinated and wear masks at all times while moving around the hotel. Hand sanitizer stations were placed around the lobby, in elevators and in each common area.