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5 Things To Know About The COVID-19 Stimulus Payments
The federal government is providing stimulus checks to Americans in the coming weeks. GETTY Editor’s note: The portion of this story related to claiming the stimulus payment based on you 2020 income has been clarified to make it clear that if you don’t get a check now, but qualify for a payment based on your…
Read MoreAre You Feeling SECURE about Retirement?
The SECURE Act has changed a lot of the retirement rules we’ve been living by for years. Take a look at the most significant changes and see how you might be affected. Like most legislation these days, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 has some good changes and some…
Read MoreWorried about a recession?
Recent fears of the coronavirus outbreak (COVID-19) has the American people and the markets on edge. We’ve seen significant market dips as the world tries to get a grasp on the situation, and the ongoing uncertainty and unending media coverage can make even the most confident individuals start to be concerned whether a recession is…
Read MoreBeware Scam Robocalls, Texts Tied to COVID-19 Outbreak
FCC launches web page with coronavirus fraud safety tips Scammers out to make a quick buck during the coronavirus pandemic are using robocalls to tout bogus cures and fake test kits, the federal government warns. The illicit conduct — which also includes text messaging — has bad actors preying on people’s fears while anxiety over COVID-19 is…
Read MoreWhat’s in the $2 Trillion Senate Coronavirus Bill
How households, businesses, taxes and more are affected by the package The stimulus package adds $27 billion to an emergency fund that could give a boost to dozens of projects by pharmaceutical companies and academic groups developing drugs and vaccines against coronavirus. Here, people carry donated boxes of N95 masks. PHOTO: JERRY HOLT/STAR TRIBUNE/ASSOCIATED PRESS The $2…
Read MoreCommon-sense investing insights we forget during stock-market panics
Many people seem to invest rationally, until the going gets tough. Then we often throw our reasoning out the window while making a mad dash for the exits. It shouldn’t be like that. Here are some common-sense reminders that are worth heeding during volatile stretches in the stock market like now, with coronavirus anxiety seemingly everywhere.…
Read More10 Financial And Estate Planning Matters To Think About During This Crisis
Positive steps we can all take to protect our financial wellness during this season of uncertainty GETTY As the global coronavirus pandemic continues to unfold, there are some non-investing matters we should consider in order to protect our families and financial well-being. Here are ten ideas to think about: Durable and Heath Care Powers of…
Read MoreThe Tax Implications of Supporting Adult Children
There are a number of hurdles to clear before you can claim an adult kid as a dependent. “To claim your child as your dependent, they must be under age 19 or a full-time student under age 24.”(GETTY IMAGES) MANY, IF NOT MOST, empty nesters are probably glad to have their adult children return to live…
Read MoreHere’s how to maximize traditional and Roth retirement savings
KEY POINTS “Asset location” involves strategically putting your investments in accounts based on the type of tax treatment they will get. If you have money in both a traditional 401(k) plan or IRA and a Roth version, there may be ways you can maximize the differences in taxation to reduce the amount you’d owe in…
Read MoreWednesday Q&A: How can I max out my Social Security check?
How can I make the most out of my social security benefits? Check out this video where Gregory gives you ways to help max out your social security check. How do I plan for unexpected expenses? As a starting point, we typically recommend that our clients maintain an emergency reserve of about 3-6 months’ worth of…
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