If You’ve Taken a Required Minimum Distribution (RMD) This Year – an Important Deadline is Looming

If you took required minimum distributions from your retirement accounts this year and would like to return the money, you can.senior man leaning back in chair thinking about retirement savings You don’t have much time left, however, to put the cash back. You must recontribute to your retirement account by August 31, 2020. The COVID-19 pandemic and subsequent market fallout triggered this extraordinary waiver. The IRS...
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Six Ways the CARES Act May Impact Your Student Loans

Content origianlly published on Lets Make A Plan As the nation copes with the economic impact of the COVID-19 pandemic, millions of Americans are struggling to repay their federal student loans.man in kitchen listening to podcast However, if you have student loans, you may be eligible for a temporary repayment reprieve. The CARES Act—the federal financial relief bill signed into law in late March—includes provisions to help...
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Seven Tips for Financial Spring Cleaning

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. 1. Build your emergency fund. Many financial experts suggest having a three- to six-month cash emergency fund to cover your living expenses. Paying yourself first is a strategic plan to carry you and your family through rough waters. Saving a reasonable...
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Planning for Retirement in an Uncertain World

retired couple photographing flowersIf you are newly retired or approaching retirement, you should be proud of your accomplishments! You have worked hard for many years and saved diligently. Now you can focus on your hobbies, goals, family, and just about anything other than working. However, this time can also be a stressful and uncertain one, even in the best of market conditions. During periods of high market volatility, that...
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Seven Ways to Give Back During the Coronavirus Outbreak

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. 1. Call Friends and Family Who are the friends and family members you’ve been meaning to call but just haven’t had time? Scroll through your phone book and see if there’s an old friend or distant family member with whom you’d like to reconnect. Reaching out to close friends and family is...
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Warning Signs of a College Closing Its Doors Permanently

Many of the colleges and universities that provide the best merit scholarships are institutions that aren’t widely known.girl graduate with grandmother In contrast, some of the most highly recognized schools, such as the Ivy League institutions, as well as the Massachusetts Institute of Technology, the California Institute of Technology and Stanford University don’t award any merit scholarships. These highly...
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Paycheck Protection Program: Frequently Asked Questions

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). Although guidance is still unfolding from the Small Business Administration, we thought it would be helpful to share answers to some of the frequently asked questions....
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How to Protect Yourself from Coronavirus Scams

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:Hacker in front of a computer with information security terms relating to cybersecurity Through phishing emails, bad actors are claiming to have new information about COVID-19. Best practice: Instead...
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The CARES Act:  The Largest Stimulus Package in U.S. History

The last few weeks have been surreal and frightening as we’ve watched a pandemic unfold rapidly across the globe.  Life feels upside down.  As we keep our children home from school, telecommute, and hug our grandchildren through computer screens, we hope our communal social distancing efforts are flattening the curve.  But it still feels scary to watch the disease spread.  The global economy and financial markets have shuddered in response.  People across all walks of life are wrestling with the financial impact of shutting down huge portions of our economy.  If you are a small business owner...
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Staying Home? You Can Still Explore, Move, Learn, and Create

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: Explore Travel the World – Virtuallygirl imagining flying in space If you’re missing your travel...
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