5 Valuable Tax Breaks for Retirees and Seniors

tax breaks

There are lots of benefits to being retired, like having the time and freedom to pursue interests you couldn’t while you were working. In addition, the federal government offers some big tax benefits to retirees and senior Americans. Here are 5 retiree and senior tax breaks you might be able to benefit from: A bigger […]

How Millionaires Invest During a Market Downturn

Millionaires

Major stock market indices have staged an impressive comeback since plunging into bear market territory in March when the severity of the coronavirus pandemic became apparent. However, the Dow Jones Industrial Average and the S&P 500 remain in the red for the year and the uncertainty of the pandemic would seem to indicate that more […]

Factors to Consider If You’re Offered an Early Retirement Package

Early retirement

As the coronavirus pandemic continues taking a toll on the finances of many U.S. corporations, some are looking to lower costs and future pension obligations by offering some employees an early retirement package. These packages usually include an option to receive a one-time, lump-sum payout of pension benefits or monthly pension payments over a period […]

Coronavirus and Your Credit Score: What You Need to Know

Covid credit

After tens of millions of jobs were shed during the first couple of months of the coronavirus pandemic, hiring has picked up considerably the past two months. A total of 7.5 million new jobs were added to the U.S. economy in May and June. However, new applications for unemployment benefits remain near a historically high […]

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Impact on Required Minimum Distributions (RMDs), Including Additional Recently-Issued IRS Guidance

CARES

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27. One specific item in this Act was the suspension of all Required Minimum Distributions (RMDs) for 2020. As this Act was originally written, those who had distributed retirement plan or IRA assets between February 1st and May 15th […]

Three Steps to Take Before Hiring a Divorce Attorney

divorce

It’s doubtful that many couples enter into marriage with the idea of getting divorced. But nearly half of all marriages in the U.S. eventually end in divorce, according to the most recent census data. The first thing many individuals do when they see that they’re headed for a divorce is hire a divorce attorney. But […]