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In this week’s Independent Money Newsletter, we’re covering what happens AFTER the tax deadline.

Spring-Clean Your Finances

By now you’ve (hopefully) already filed your taxes, but the work doesn’t end there. You may be surprised what you find as you tidy up your wallets.

Here are five tips to help you tidy up, declutter and organize your finances this spring, because a lot can pile up over a year, or even just a season:

Account Deep Clean

Having trouble keeping track of your financial accounts? It's common to have accounts scattered across different banks and institutions, like checking, savings, brokerage, and retirement accounts. This can make it feel like your finances are all over the place.

Think about bringing your accounts together to get a clearer picture of your financial situation and how much you have. Seeing everything at once can help you figure out what to focus on, whether it's day-to-day expenses or long-term goals, with a fresh outlook.

Want an all-in-one platform for your tax advantaged accounts? Try Carry.

Debt Decluttering

Ever feel like your debts are all over the place? If you're juggling multiple loans and credit cards, each with its own interest rates and due dates, it might be a good idea to think about consolidating your debt. This could help lower your financial stress.

Paper Sweep

Cut down on paper clutter by switching to digital statements from your financial institutions. This includes credit cards, loans, brokerage accounts, and bills. Going paperless not only clears up physical space in your home but also helps the environment. With digital statements, you can easily keep track of your finances since everything is in one convenient location.

For any existing paper records, many institutions offer the option to securely upload them to a digital vault. Once you have a digital copy, you can usually shred the paper version. It's important to keep records of tax documents from the past seven years and any documents related to active loans, whether digitally or in paper form if necessary.

Financial Freshen Up

When's the last time you really looked over your monthly finances? Just like sorting through your entire closet can help you figure out what to keep and what to let go of, reviewing your income and expenses can help you trim unnecessary spending and make wiser financial choices.

By having a clearer view of your budget, you can better monitor how much you're saving for short-term objectives like buying a home, as well as long-term goals such as retirement.

Tax Tidying

Some people make annual spring cleaning more manageable by spreading out deep cleaning tasks throughout the year. Similarly, effective tax planning might involve addressing tax-related matters at various points throughout the year, not just during tax season. It might be after Tax Day, but there's always an opportunity to integrate tax-efficient strategies into your financial plan.

Below are a few strategies to consider:

• Tax-loss harvesting: This involves selling investments at a loss to offset capital gains in taxable accounts, potentially reducing your taxable income.

• Tax-advantaged accounts: Certain plans like a Solo 401k, Roth IRA, and HSAs offer opportunities to save for various goals while also providing tax benefits.

Your Financial Advisor and Accountants can leverage tax-smart techniques to help you with your financial objectives.

Don’t have a financial advisor? Check out Carry’s Pro Plan. Already have one? Seamlessly add them to your Carry account.

What’s Happening at Carry?

Here’s what you can expect in the coming weeks

See the full list of events here. ⏰

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If you want more resources on building wealth as a solopreneur/entrepreneur, check these out:

• The Solo 401k handbook 

• Common Solo 401k FAQ

• What is a Solo 401k?

• How to Open a Solo 401k

• Solo 401k Contribution Calculator