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Getting Help on Social Security Questions During COVID-19 Pandemic
Yes, the Social Security Administration has shuttered its offices indefinitely during the pandemic, and has directed those seeking assistance to their online and telephone services for help. A post by the Savvy Senior appearing today on boulder-monitor.com discusses how this is intended…
Social Security Basics: More Than Half of Americans Failed this Very Basic Test
This has been around awhile, but it’s still amazing to see that so many folks (well, 1500 in this sample anyway!) in the age range of 55 to 65 were unable to correctly answer a series of 12 basic questions…
The Scammers Are Hard At Work, Scheming to Get Your Money
As the saying goes, never let a crisis go to waste (or something like that). And that’s a motto that is driving a whole new set of swindlers and con men to your door (and likely to your keyboard). The Federal Communications…
401k Loan Limits and the COVID-19 Pandemic Impact
The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law March 27 offers some much-needed financial relief for folks battered by the pandemic’s economic fallout. In addition to cash payments, improved unemployment benefits, small business support, and other…
Tax Implications of the CARES Act
In a podcast transcript posted at www.forbes.com, Nicole Kaeding, vice president of policy promotion and economist with the National Taxpayers Union Foundation, discusses the CARES Act’s provisions and the tax-related issues related to them with David Stewart, editor in chief of Tax Notes Today…
Explaining “Payroll Taxes” and Who Pays Them
Yahoo Finance contributor Rickie Houston, in a post on their site, examines the composition of “payroll taxes,” a term that has again surfaced in the stream of commentary surrounding the COVID-19 pandemic and its economic implications. Houston’s article defines the term…
Investing for Retirement: When to Take Action
Let’s take a break from the COVIS-19 news stream and focus on something with a longer-term focus…building financial resources for your retirement years. To be effective, there are several key life points that need be considered when making planning decisions,…
Economic Impact Payments – Who Doesn’t Qualify
The economic impact payments signed into law on March 27 as a key part of the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” are scheduled to begin arriving in Americans’ hands soon, but some folks will not qualify. In…
Veterans Get Relief from Debt Collection Concerns During Pandemic
The Department of Veterans Affairs announced yesterday that they plan to suspend collection actions on veteran debts or, if preferred, extend repayment terms on pre-existing VA debts. In a post on connectingvets.radio.com, reporter Abbie Bennett explained that the announcement follows directions…
Avoiding the Mistakes That Produce Financial Shortfalls in Retirement
We’ve heard this before…there are some basic missteps you can take that will cost you comfort in the long run. One of the most frequently heard suggestions is to avoid filing for benefits too early, while close behind it is…