Stimulus Check Calculator
Use this calculator to determine your rebate using your AGI, number of dependents, and filing status
US Small Business Administration - SBA.gov
Internal Revenue Service - IRS.gov
US Department of Labor - Family First Correspondence Act - DOL.gov
US Department of Education - Student Loans - ED.gov
Social Security Coronavirus help: SSA.gov/CoronaVirus
Consumer Financial Protection Bureau - scams - ConsumerFinance.gov
State of Louisiana Coronavirus Response - Coronavirus.la.gov
State of Mississippi Coronavirus Response - Coronavirus.ms.gov
FAQ On The Show
TOPIC: Should I dip into my 401(k) / IRA?
TOPIC: What's in the Coronavirus Stimulus (CARES Act)?
Coronavirus Relief Program instant download.
You can find out about:
- Are you Eligible?
- What will lenders be looking for?
- How much can you borrow?
- Will this loan be forgiven?
TOPIC: What if my IRA took a beating with the market downturn?
How can you get help from the Coronavirus stimulus packages? Here's a few ways:
Economic Impact Payment:
This is the stimulus check that most citizens will get, and most people will get it automatically.
If you haven't received your check, but are expecting one, the IRS has set up an online portal for you to track your Economic Impact Payment (IRS.gov/GetMyPayment)
If you don’t normally file a tax return, you can use the agency’s non-filers tool to update your information
If you moved since you last filed your taxes and can’t provide direct deposit information, you can change your address here.
The Paycheck Protection Program:
Economic Injury Disaster Loans:
FFCRA - Family First Coronavirus Relief Act:
Student Loan payments suspended:
Penalty free withdrawals from your 401k/IRA
In response to the Coronavirus the IRS will let you withdrawal up to $100,000 dollars from your 401k/IRA penalty free, but there are rules. The 401k withdrawal will count as a loan that you must pay back within 3 years. Any outstanding repayments from 401k loans will have no more payments due in 2020.
Social Security recipients should expect a stimulus check soon, unless you are claimed as a dependent or make too much income to qualify. If you would like to add or update your address or direct deposit information, a portal has been set up for you.
Some areas are slowly phasing out the Stay At Home orders, and are reopening society and the economy. The White House has laid out a guide for both individuals and small businesses on how to get back to regular life in the face of the continuing Coronavirus pandemic: WhiteHouse.gov/OpeningAmerica
SSI Recipients NON-filers:
SSI recipients who have dependent children and did not file 2018 or 2019 taxes need to act by Tuesday, May 5, in order to receive additional payments for their eligible children quickly. https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here
Is your spending way above — or below — the average? Find out here. Every household has different priorities when it comes to what you do with your money. But it’s important to make sure your overall total spending isn’t so high that it prevents you from accomplishing important financial goals, such as paying off debt or…
It’s a huge question weighing on the minds of many of us. What will happen to the economy as states start to reopen? Will we quickly return to the economic normal we enjoyed just before coronavirus? How long will that take? How will the various outcomes impact my life? Those are tough questions to answer…
KEY POINTS Attending sports event or concerts with packed crowds probably won’t happen until 2021 at the earliest, say health experts and government officials The entertainment, arts and recreation industry has cut its new job openings by a higher percentage than any other industry since the Covid-19 quarantines began, according to data by CareerBuilder. Large…
7 ways to strengthen the grandparent-grandchild bond while sheltering in place Credit: Adobe Nothing is “normal” these days. While we don’t yet know how bad COVID-19 will ultimately be, we do know that people over 60 are at particular risk for complications, should they become ill. That has many grandparents sheltering in place and unable…
Some 130 million COVID-19 stimulus checks have been issued by the federal government, courtesy of Congress. But they may not be the amount you expected. When my family’s check came in the mail, it was slightly less than I thought. I’m not complaining, although I looked into the IRS guidance on how they determine the…
The U.S. government has distributed about 130 million economic impact payments to taxpayers in less than 30 days. The IRS anticipates sending more than 150 million payments as part of a massive rescue package to help consumers weather the impact of the coronavirus pandemic. The distribution has had some hiccups, including an overwhelmed website, payments to…
Grocery store prices saw the highest month-to-month jump in more than 40 years as waves of Americans stocked up on provisions and hunkered down in April. The Labor Department released its monthly consumer price report on Tuesday, and the data revealed a 2.6% spike in supermarket prices last month led by higher costs for meat and eggs. Americans paid 4.3% more for meats,…
Short on income and cash? Here are five steps you can take now to manage through this crisis. Caught in the crossfire of economic meltdown? Unfortunately, you’re not the only one. In the last week of March, nearly seven million Americans filed for unemployment. That number shatters the previous peak of 665,000 claims filed the…
There’s a larger problem: aligning retiree spending with Social Security checks By Alessandra Malito Social Security beneficiaries might not receive much of a cost-of-living adjustment next year — and some say recipients might not get anything at all. COLA is linked to the consumer-price index, which has suffered lately because of low oil prices. Based…
An infectious outbreak can conclude in more ways than one, historians say. But for whom does it end, and who gets to decide? When will the Covid-19 pandemic end? And how? According to historians, pandemics typically have two types of endings: the medical, which occurs when the incidence and death rates plummet, and the social,…
In The Media
Coronavirus update from Gregory Ricks
UPDATE: May 14, 2020
We have decided that on Monday, May 18, we will begin allowing in-person office visits as deemed necessary.
For those who do not feel comfortable coming inside of the office, we will continue scheduling phone visits or virtual meetings via Zoom video call.
Monday - Thursday 9:00 AM - 4:00 PM
Friday 9:00 AM - 3:00 PM
As always, the office and conference rooms will be thoroughly sanitized after each visit. Please reach out if you have any questions, (504) 832-9200.
If you have been sick, or have been in contact with someone who is sick, we ask that you do not come into the office and instead schedule a phone visit or virtual meeting.
UPDATE: March 16,2020
Like you all, we are carefully watching the Coronavirus situation. We understand your concerns and we share them. Our clients, potential clients, employees, and communities are our top priorities and at the heart of every decision, we make. We believe it's critical that we do our part to help reduce the transmission of COVID-19. Below you will find the steps we are taking to protect everyone in this continuously-evolving situation.
- We are following the guidance of the Centers for Disease Control and Prevention (CDC) for best hygiene practices.
- Our offices have increased daily cleaning routines, including sanitizing doorknobs and conference rooms and providing hand sanitizer as you walk into the office.
- If you are sick or have come in contact with someone who is sick, please do not come into the office. We can reschedule your visit, do a phone visit, or make other arrangements if necessary.
- We have canceled all in-person speaking events in March. This includes Wine, Wisdom & Food Experiences™, Social Security Workshops, and Estate Planning Lunch & Learns. However, we understand that this information is pertinent so we will be hosting live webinars that you can enjoy from the comfort of your home. Please be on the lookout for an email about this in the coming days.
We will continue to monitor what's going on in our community and bring you important information as we receive it.
Ready to Take The Next Step?
Gregory Ricks and his team can help you toward achieving your financial goals. To learn more about our personalized custom services, schedule a visit today or register for our next live speaking event!