CARES Act and CRDs

Smiling Older Woman
W

We have been getting a lot of questions surrounding the rules for the CARES Act, tax benefits, who qualifies and who does not. So we created this quick article to help. Coronavirus-related distributions  What are the tax benefits for CRDs (coronavirus-related distributions)? Who qualifies and who does not? CRDs  Available for 2020 Only  $100,000 Overall […]

Continue reading

Compliance Alert!

American Flag
E

Executive Orders to Suspend Payroll Taxes, Expand Unemployment Benefits, and more Here’s how the executive orders issued by President Trump that provide additional relief to workers during the COVID pandemic. At A Glance In order to provide additional relief to workers during the COVID pandemic, President Trump has issued executive orders to: -Suspend Social Security […]

Continue reading

When to Take Social Security?

Ida May Fuller
D

Deciding when to take your Social Security retirement benefits is a crucial decision no matter when you make it. If you’re age 62 or over, claiming Social Security benefits in an uncertain job market might seem like a great idea. But you may want to press pause before you make one of the biggest decisions […]

Continue reading

What Keeps You Up At Night?

Man awake in bed
P

Planning for retirement is often talked about, but making sound financial decisions to move forward can be stressful for some.  Your wealth is about more than just investing. In this article we wanted to ask you a lot of questions on many areas of financial and retirement planning. Take a minute to review the topics […]

Continue reading

How to Understand Why Active Investing Matters

Stock Markets Panic Newspaper
M

Most investors can’t afford a major portfolio loss.  Active management can provide protection in volatile markets. Regular buy & hold strategies are often highly correlated with the market and with each other. Alternatively, active strategies can provide extra downside protection and useful diversification.  Consider this:  -In 2008, the S&P 500 was down 37%, whereas certain […]

Continue reading

7 Key Roth Conversion Considerations

Compass With Earth
R

Roth IRAs are a powerful retirement savings vehicle—but should you trade in your traditional IRA for one? The answer comes down to TAXES. What makes them so popular is that money placed in a Roth IRA can grow tax-free and be withdrawn tax-free in retirement. Money you contribute to a traditional IRA also grows tax-free, […]

Continue reading

IRS Extends 2020 RMD Relief Waivers

Sand Drip Clock
H

Here’s a little more detail on the key provisions and some financial planning moves to consider: 1. 2020 RMDs Deadline Extended to August 31. The CARES Act waived RMDs from qualified accounts for 2020. If you took all or a portion of your RMD early, however, you were bound by the 60-day rollover rule, which […]

Continue reading

We’ll Get There When We Get There!

A

Are we there yet? Are we there yet? I’m sure when I was young, I asked this slightly annoying question whenever we went on a road trip, vacation or even just to the store.   As a child we want immediate gratification, ok even as adults we can lose our patience, but we as adults we […]

Continue reading