May 28, 2020 | Savings, Uncategorized
Think Before Tapping 401(k) as Emergency Fund June 8, 2020 Among other changes in the CARES Act relating to qualified plans and IRAs, a participant can withdraw up to $100,000 of funds without paying the usual 10% tax penalty on distributions before age 59½....
Apr 30, 2020 | Savings, Uncategorized
Ideas to Help Make Payments During Tough Times May 11, 2020 Here are 6 ways to get cash to help pay for your monthly expenses. 1. Apply for State Unemployment Benefits Recent federal legislation expands traditional state unemployment payments from 26 weeks to...
Mar 31, 2020 | Savings, Uncategorized
The Benefits of the New Retirement Laws March 31, 2020 Benefits from New Retirement Rules 1. You now have until age 72 before you MUST take withdrawals from your retirement accounts. How to take advantage: Use these extra 18 months to create a plan to reduce...
Mar 23, 2020 | Savings, Uncategorized
Should I tap into My Retirement Fund? March 23, 2020 Often if you are in dire need for money the most tempting area to look is your IRA, 401(k), and other qualified retirement accounts. These funds, set aside for your retirement, may seem to be the answer to...
Mar 23, 2020 | Savings, Uncategorized
Do I Really Need that Form 1095 This Year? March 27, 2020 Tax Form 1095 has been nothing but a headache since its introduction. This federally mandated form adds complexity, creates taxpayer confusion, and cost billions of dollars to produce. The purpose of...
Mar 17, 2020 | Savings, Uncategorized
Financial Pros and Cons of Renting vs. Buying a Home March 17, 2020 According to U.S. Census figures, about two-thirds of American families are homeowners. But buying a house or condo may not be the best choice for every family in every situation. Renting...
