The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020 ushered in several measures designed to help IRA and retirement plan account holders cope with financial fallout from the virus. The rules were welcome relief to many people, but left questions about the details unanswered. In late June, the IRS released Notices 2020-50 and 2020-51, which shed light on these outstanding issues.
With unemployment levels rising and many employers cutting work hours, lots of college grads are now struggling to meet their student loan payments.
Four Million Americans are receiving their Economic Impact Payment in the form of a prepaid card-and many are mistaking it for junk mail.
Everything looks different now with the Coronavirus pandemic raging, and Mother’s Day is no exception. You can’t take the family out for pizza or treat mom to a meal at her favorite restaurant, but you can still celebrate. Here are some ways you can make this day special for mom, no matter how far apart … Continue reading How to Celebrate Mother’s Day While in Quarantine
The coronavirus pandemic has been raging on American shores for several months, but scammers are still finding new ways to exploit the panic, fear and uncertainty surrounding the virus to con people out of their money. The latest in a string of coronavirus scams involves a simple text message with criminal intent. Here’s all you … Continue reading COVID-19 Texting Scam
Millions of Americans have received or are awaiting a gift from Uncle Sam to help them get through the Coronavirus pandemic. As part of the Coronavirus Aid, Relief and Economic Security (CARES) Act passed on March 27, the federal government is sending out $290 billion in stimulus checks over the next half a year. The … Continue reading Don’t Let Scammers Get Your Stimulus Check!
With social distancing mandates in order until at least the end of April, and three out of every four Americans under statewide lock-down, huge parts of normal life have now moved into the virtual world. Social visits, executive meetings, classes and more happen over videoconferencing apps, with Zoom being the most popular. The app was … Continue reading Beware of Zoom-Bombers
After days of negotiations and last-minute changes, the Senate and the White House have signed a historic $2 trillion stimulus plan to help mitigate the economic fallout of COVID-19. The Coronavirus Aid, Relief and Economic Security Act (CARES) will put cash directly into people’s pockets, provide desperately needed funding for hospitals and help struggling businesses remain … Continue reading All You Need to Know About The COVID-19 Stimulus Plan
As part of the government’s efforts to help avoid a recession, Treasury Secretary Steven Mnuchin announced that the tax deadline would be pushed off by a full 90 days. Here’s what this announcement means for taxpayers: Under normal circumstances, taxes are due by April 15. If tax filers cannot complete their taxes in time, they … Continue reading Tax Deadline Delayed
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted in December 2019 as part of a larger federal spending package. This long-awaited legislation expands savings opportunities for workers and includes new requirements and incentives for employers that provide retirement benefits. At the same time, it restricts a popular estate planning strategy for … Continue reading The SECURE Act and Your Retirement Savings