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A retirement savings hack thanks to this year’s delayed deadline for filing tax returns
The deadline to file taxes and contribute toward last year’s IRA limit was delayed to July 15 Taxpayers can contribute to their individual retirement accounts on behalf of last year until July 15. MarketWatch photo illustration/iStockphoto The government’s decision to delay the deadline for filing 2019 tax returns allows some people to hold on to…
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 MoreCARES Act Drastically Changes Required Minimum Distribution Rules For 2020
GETTY The CARES Act essentially suspended required minimum distributions (RMDs) for 2020 across the board. However, there have been a lot of questions about what this means for those who already took out distributions, and the impact on taxes and inherited accounts. It is important to remember that the CARES Act is a relief bill,…
Read MoreCan I still afford to retire? The coronavirus has upended jobs, spurred a market downturn — what now?
A few questions near-retirees should ask themselves before they leave the workforce With stock indexes tumbling, jobs in jeopardy and a looming recession, is it really the time to retire? Some Americans may have been patiently waiting to retire this spring, or even sometime this year, but the world isn’t the same as it was…
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 MoreHow to Protect Older People From the Coronavirus
People over 60, and especially over 80, are particularly vulnerable to severe or fatal infection. Here are some steps to reduce their risk. Amid the uncertainty swirling around the coronavirus pandemic stands one incontrovertible fact: The highest rate of fatalities is among older people, particularly those with underlying medical conditions. Of the confirmed cases in China to…
Read MoreWomen’s retirement prospects are improving, but not enough
KEY POINTS Women’s retirement readiness has seen limited growth over the past five years across the U.S. and other countries. While women still face challenges to becoming financially independent — including lower wages and more time out of the workforce for care-giving — there are steps they can take to improve their security. One key…
Read MoreWhy You Need To Plan A ‘New’ Retirement Mindset Now
The old retirement mindset has been in place for generations. Pick an age and retire. One and done. That’s was so, well, 20th Century. Now people pre-retire, half-retire, return to the workforce — or never leave it. There are lots of options. The new retirement mindset is flexible, but like anything else in life, it’s…
Read MoreRetiring This Year? Here’s What You Need To Do First
After years of planning and saving, it’s finally here: your retirement. If you’ve achieved financial freedom and can afford to stop working full time this year, congratulations! Retirement planning was no easy task. Now, it’s time to transition from preparing for retirement to being retired. If you’re planning to retire later this year, you should…
Read MoreCBS News: U.S. cracking down on Social Security fraud
U.S. cracking down on Social Security fraud. With Americans losing millions of dollars to scam robocalls, the DOJ is filing for temporary restraining orders against U.S. telecom giants allegedly facilitating the calls. The Senate is holding a hearing Wednesday to look into Social Security fraud, the No. 1 scam in America. Anna Werner has more…
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