With the current amount of extra time in our daily lives, we find ourselves creating “to do” lists. Many of us, for example, have taken on the daunting task of reorganizing our garage or cleaning out the clutter in our closets. Spring is also the perfect time to renew your “Financial House,” resulting in a clear financial state-of-mind.
TIPS & TRICKS
These are strange times, and it can be easy to get caught in the swirl of negative headlines. Our emotional rollercoaster can be compounded by the isolation many of us feel as we are practicing good social distancing.
As a possible antidote, here are seven ways to give back and make a positive difference.
In response to the economic impact of the coronavirus, the federal government has stepped in to release the largest stimulus package in U.S. history. Many of our clients have questions about the CARES Act’s Paycheck Protection Program (PPP).
The news coverage regarding COVID-19 has dominated our lives recently. Cybercriminals are now trying to capitalize on our collective concern. Here are a couple specific angles we have seen cybercriminals trying to use recently:
As we practice social distancing to help combat the coronavirus, many of us are staying home right now. Fortunately, there are numerous free resources circling our communities to help keep our routine or even virtually explore more than we usually do. Here are a few ideas for free and fun things to do online and offline:
One cannot overstate that these are very challenging times – emotionally and financially. As we all prioritize our lives under this new normal, it can be helpful to remember that there is a silver lining to every cloud. Here are a few ways that you can turn those “lemons into lemonade” which could provide great value once the clouds part.
More Americans are retiring with a mortgage.
A study by Harvard University’s Joint Center for Housing Studies concluded that 46% of homeowners from ages 65 to 79 are still making mortgage payments. In contrast, three decades ago only 24% of this subset of Americans hadn’t paid off their house.
It’s getting late, but there is still a little time left for some year-end tax planning.
Here are 10 last-minute tax tips to consider:
1. Sink more into a retirement account.
You can shelter more of your income from taxes by contributing to a workplace plan, such as a 401(k) or 403(b) or through a traditional Individual Retirement Account.
Inheriting an IRA from a loved one can be confusing and costly if you make a mistake.
Here are five things to keep in mind if you inherit IRA assets:
One of the most difficult conversations that grown children can have with their parents is a discussion about mom and dad’s finances.
Having the talk is critical for many reasons including these three;
Grown children should know about parental estate plans.
Children need to know if they will have to support their parents in the future.