This Week’s Must Read

After pushing interest rates gradually upward for three years, the Federal Reserve dropped the benchmark federal funds rate to near zero (0%–0.25%) in March 2020 to help mitigate the economic damage caused by COVID-19.1 The funds rate affects many short-term interest rates, including the rates on money market mutual funds, which were already low to begin […]

Buying a home is a long-term commitment, so it’s not surprising that older Americans are much more likely than younger people to own their homes “free and clear” (see chart). If you have paid off your mortgage or anticipate doing so by the time you retire, congratulations! Owning your home outright can help provide financial flexibility and

IR-2021-67, March 29, 2021 WASHINGTON — The Internal Revenue Service today announced that individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15, such as making IRA contributions and filing certain claims for refund. This follows a previous announcement from the IRS on March 17, that the federal income tax

While the primary financial advisor focus of the recent American Rescue Plan legislation has been on the rollout of new “Recovery Rebate” stimulus checks (and ensuring clients qualify for all the dollars they can), another key change of the legislation was the introduction of several new forms of tax and financial support for health insurance.

Vaccines Proven to PREVENT INFECTION -Bill Rutherford, MD  March 29, 2021    OK – so I’m a geek, but as a physician and a reasonable scientist, but this is one of the most exciting studies I’ve seen. While the effectiveness of the current vaccines at preventing serious illness and death due to COVID is unquestionable,

This article was originally published by the Wall Street Journal When was the last time you cleaned up the family filing cabinet? Be honest. If you’re like me, that unsightly metal rectangle is probably overstuffed with old utility bills, medical records and tax returns. With tax season under way and extra time at home, it

On Thursday, March 11, 2021, the American Rescue Plan Act of 2021 (ARPA 2021) was signed into law. This is a $1.9 trillion emergency relief package that includes payments to individuals and funding for federal programs, vaccines and testing, state and local governments, and schools. It is intended to assist individuals and businesses during the

Selecting a filing status is one of the first decisions you’ll make when you fill out your federal income tax return, so it’s important to know the rules. And because you may have more than one option, you need to know the advantages and disadvantages of each. Making the right decision about your filing status