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2022 key financial dates to add to your calendar

There’s a lot beyond our control. But you can count on a few financial tasks every year. We’ve compiled a list of 2022 key financial dates to add to your calendar now. They’ll help make a real difference in your financial life, from boosting savings to organizing paperwork.

January: Set your 2022 financial goal(s).

To do: Establish one short-term and one long-term goal by mid-month. (Short could be, start an emergency fund with $100. Long could be, pay off one credit card by year’s end.)

Mark it down: Make 2021 fourth quarter estimated tax payments by January 15 if you’re self-employed or underpaying based on your income.

February: Organize your tax documents.

To do: Organize your W-2s, interest and dividend statements, and other tax docs as soon as you receive them (usually the first week of the month).

Bonus: Make a date with your 401(k). Log in to check progress and see if you can give it some love by increasing your contributions.

 ​March: Plan your refund.

To do: Select a date in March to allocate any tax refunds, bonuses, or pay increases you might get. Get started with our list of fun (yet responsible) ideas.

Mark it down: For Medicare enrollees, March 31 is the last day to apply for Parts A and B for coverage beginning in July.

 April: Pay your taxes.

To do: File your individual tax return by April 18. While this deadline was extended last year, we wouldn’t count on it this time around. Use IRS Form 4868 (PDF) if you’ll need an extension, but note there may be penalties if you have taxes due.

Mark it down: April 15 is the last day to make 2021 IRA contributions. Could you contribute more to reap tax benefits?

 May: Manage your debt load.

To do: Use this month to figure out your debt load. Detail how much you owe—our debt management worksheet can help (PDF). Then calculate your debt-to-income ratio, including all your monthly debt payments. Aim for that ratio to be 36% or less.

Bonus: Have any big-ticket events or activities in the coming months, like summer vacations or weddings? Plan accordingly.

 June: Prep for college loans.

To do: June 30 is the all-important final date to file a Free Application for Federal Student Aid (FAFSA) form for the 2021-2022 school year. Though, the earlier you apply the better. The FAFSA helps determine your child’s eligibility for financial aid. States and colleges may have their own deadlines; look yours up on the Federal Student Aid website.

Mark it down: Make second quarter estimated tax payments by June 15 if you’re self-employed or underpaying based on your income.

 July: Boost your budget IQ.

To do: Midyear is a great time to review your budget. Are you hitting spending and saving targets, and if not, how can you adjust before year’s end?

Bonus: Can you adjust your budget to fit in extra contributions to your IRA or 401(k)?

 August: Smarten up your credit score.

To do: Set a calendar reminder to check your credit score using one of the three free credit check services: Experian, Equifax, and TransUnion. Then, learn how to keep it healthy.

Bonus: Consider setting up auto pay on one bill that you’ve been late on the past year.

 September: Brush up on benefits.

To do: Enrollment period for employer benefits typically starts in the fall and lasts four to six weeks. Set a reminder to review your health election, 401(k), and other employee benefits like life and disability insurance.

Mark it down: Make third quarter estimated tax payments by September 15 if you’re self-employed or underpaying based on your income.

 October: Get ahead on some college funding.

To do: Although you can wait until next year to file a FAFSA for the 2023-2024 school year, you can start October 1. Some colleges award on a first-come, first-served basis.

Mark it down: Did you file for an extension on your taxes? If so, October 15 is your new deadline.

 November: Get ahead of debts.

To do: Student loans usually kick in six months after graduation. So, if you graduated college in May, they may be due soon. Check out these three tips for managing debt.

Mark it down: November 1 is the opening day of the federal health insurance marketplace enrollment for 2023 coverage.

 December: Plan for next year’s health costs.

To do: Enroll or change plans for 2023 federal health coverage by December 15.

Mark it down: The government requires retirees older than 72 to take required minimum distribution (RMDs) annually from retirement accounts by December 31 or the following April 1 for their first RMD, depending on when you turn 72.

 Your birthday

  • Gift your financial future: Boost a retirement or savings account with a one-time deposit—even $100.
  • Turning 55 or older? Check out our list of retirement milestones.
  • If you turn 26 this year, you’ll get kicked off your parents’ health insurance plan. Add a reminder to your calendar to sign up through your employer or explore plans at healthcare.gov.

Next steps

  • Have some adjustments to make to your retirement accounts throughout the year? Log in to check off your to-dos.

The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.

Experian, Equifax and TransUnion are not an affiliate of any company of the Principal Financial Group.

Insurance products and plan administrative services provided through Principal Life Insurance Co. Securities offered through Principal Securities, Inc., 800-547-7754, member SIPC. Principal Life and Principal Securities are members of Principal Financial Group®, Des Moines, IA 50392.