Skipping a mandatory distribution from your IRA? Everything you need to know Wed, Apr 8 2020 by Darla Mercado “This year, the coronavirus relief law is letting savers bypass mandatory withdrawals from their retirement accounts.” The one-year reprieve enables those who can afford to leave the money invested a better chance of recovering losses. Key…
Month: April 2020
Excellent financial weekly email newsletter
Your Money: Every week, get tips on retirement, paying for college, credit cards and the right way to invest. It’s free so sign up today. https://www.nytimes.com/newsletters/yourmoney?campaign_id=12&emc=edit_my_20190624&emc=edit_my_20200413&instance_id=17606&nl=your-money&nl=your-money®i_id=83720664&segment_id=25000&te=1&te=1&user_id=bde4c6c63beab087f13b761e1ee9fe1e Source: Financial Planning for Women
Resources for Families During the COVID-19 Pandemic
Faculty members and graduate students in the University of Maryland Department of Family Sciencehave created several resource guides for families and children in the context of the COVID-19 pandemic. These guides aim to support parents who may be struggling with how to communicate to their children in anage-appropriate way about this unprecedented global pandemic. Resource…
Investing Facts of Life
Facts of Life Jonathan Clements | April 4, 2020 THE PLOT, THE SCRIPT and the characters may have changed. But we’ve seen this movie before. The current stock market swoon strikes many folks as unprecedented: It’s the frantic financial sideshow to a devastating global tragedy—one that’s seen 1.1 million people fall ill and 60,000 die, with every…
Trying to decide when to claim Social Security retirement benefits?
The coronavirus has upended lots of financial lives and may result in job loss that will affect retirement plans. It is absolutely critical that you make a wise, informed decision about when to start collecting Social Security retirement benefits. Don’t just jump to claim as early as possible, typically age 62. An excellent tool to…
Free "Your Money" newsletter from The New York Times
Your Money: Every week, get tips on retirement, paying for college, credit cards and the right way to invest. Trustworthy answers to all your financial questions in the time of coronavirus. See sample: https://static.nytimes.com/email-content/MY_sample.html F.A.Q. on Stimulus Checks, Unemployment and the Coronavirus Plan ‘This Isn’t a Dry Run’: How to Be Ready for More Financial…
No help from Trump to sign up for subsidized health insurance
Obamacare Markets Will Not Reopen, Trump Decides The move would have made it easier for people who have recently lost jobs to obtain health insurance. Thanks Potus… always thinking about those who elected him…NOT. Source: Financial Planning for Women
Federal Income Tax Filing Deadline Extended 3 months
You Have an Extra 3 Months to File Your Taxes. Should You Wait? If you’re owed a refund, it may be better to file quickly. You can also file your return now but wait until July 15 to pay any taxes owed. Why postpone the inevitable. If you expect to owe taxes, file now and…
Now may be ideal time to convert a trditional IRA to a Roth
Investment losses in this unprecedented market decline have been brutal. But keep in mind that if you’ve been invested during the almost 11 year long bull market you may still be ahead. To survive this coronavirus bear market consider converting part or all of a traditional IRA to a Roth IRA. Any amount that you…
Financial hardship and stress due to Coronavirus?
Which bills to pay during the coronavirus pandemic Government help may be weeks in coming; in the meantime your bills are due… The coronavirus pandemic has led to layoffs and financial hardships for some consumers and those who feel like they can’t pay their bills should call their bank directly, said Consumer Bankers Association spokesman…