What Should You Do If Your Employer Has Suspended Your 401k Match?

401k cut

With the social distancing and shelter-in-place orders issued to combat the coronavirus pandemic taking a toll on their revenue and profits, many companies today are scaling back their matches to employees’ 401(k) plans.  This is similar to what happened during the financial crisis and Great Recession a decade ago when more than 200 U.S. companies […]

Have the Coronavirus Lockdowns Got You Thinking About Early Retirement?

retirement

When the coronavirus lockdowns started back in March, many employees who were able to perform their job duties from home were instructed to do so. For some, this has opened their eyes to what retirement or semi-retirement might look like — and many of them like what they see. For example, not having to commute […]

Watch Out for Unemployment Benefits Fraud

employment fraud

More than 40 million Americans have filed claims for unemployment benefits since the coronavirus pandemic began a few months ago. Unfortunately, it appears that some of these claims have been fraudulent. The FTC recently warned of what it called a “large-scale scam erupting in the midst of the coronavirus pandemic” in which identity thieves file […]

The CARES Act and RMDs — What You Need to Know

RMD

The Coronavirus Aid, Relief and Economic Security Act (CARES) Act that was signed into law in late March contains a number of beneficial provisions designed to lessen the economic damage caused by the coronavirus pandemic.  One provision that hasn’t gotten as much attention as some of the others is the suspension of required minimum distributions […]