From Kiplinger.com If you are turning 60 in 2020, the pandemic could do more than interrupt your party plans. It could also lower the amount you’ll receive when you file for Social Security. Social Security benefits are based on a worker’s 35 highest years of earnings, which are then indexed to the growth in average […]
Retirees who took RMDs in 2020 have until August 31, 2020, to roll the money back into a qualified account. This rollover will not affect the one-rollover-per-year rule. The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020 ushered in several measures designed to help IRA and retirement plan account holders cope
IRS Clarifies COVID-19 Relief Measures for Retirement Savers Read More »
If you’ve lost your job, or are changing jobs, you may be wondering what to do with your 401(k) plan account. It’s important to understand your options. In some cases, you have no choice — you need to use the funds. If so, try to minimize the tax impact. For example, if you have nontaxable
Changing Jobs? Know Your 401(k) Options Read More »
From BusinessInsider.com Robinhood-user Richard Dobatse said he turned $15,000 into $1 million, and then lost everything. He told the New York Times: “They make it so easy for people that don’t know anything about stocks. Then you go there and you start to lose money.” He said he is planning to appeal his case to
The due date for federal income tax returns and payments is Wednesday, July 15, 2020. Due to the coronavirus pandemic, the original due date for filing federal income tax returns and making tax payments was postponed by the IRS from April 15, 2020, to July 15, 2020. No interest, penalties, or additions to tax are
July 15 Due Date Approaches for Federal Income Tax Returns and Payments Read More »
From MommyPoppins.com The 4th of July holiday weekend is just around the corner, and we’re excited to celebrate Independence Day in Orlando! A number of the 4th of July fireworks are on hold in 2020, but not all. From a Legoland 4th of July fireworks display to a patriotic drive-in movie, we’ve rounded up 12 fireworks shows and
Top 4th of July Fireworks and Events Near Orlando 2020 Read More »
From BestLife.com For many people, there’s only one thing stopping them from enjoying summer: oppressive heat. But, frankly, that’s no reason to let ridiculously high temperatures keep you from enjoying everything that’s wonderful about the season. Even if you don’t have tons of cash to throw at a central air system—or an assistant to fan
20 Surprising Things That Can Keep You Cooler All Summer Read More »
From Good Housekeeping Looking for things to do with Pops? Some of these won’t even cost you a penny. Father’s Day is just around the corner — which means it’s almost time to celebrate Dad on his special day! Come June 21, you’ll obviously surprise him with the perfect Father’s Day gift, express how much you
15 Fun Father’s Day Activities to Spend Some Quality Time With Dad Read More »
From Travelpulse.com As social distancing becomes the norm, summer travel is likely going to be outdoorsy, with travelers staying closer to home and traveling for shorter periods of time. One of the great things about living in the United States during the coronavirus outbreak, however, is that there is plenty of space for exploring while
What Will 2020 Summer Travel Look Like? Read More »
Due to the coronavirus tax filing extension, there’s still time to make a regular IRA contribution for 2019. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2019 ($7,000 if you were age 50 or older on December 31, 2019). For most taxpayers, the contribution deadline for
2019 IRA Contribution Deadline Has Been Extended Read More »
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