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Helping Small Businesses Survive the Pandemic
It’s no secret that small business is the lifeblood of the American economy. And it should be no mystery that the shutdown of the U.S. economy due to the coronavirus pandemic has been, and continues to be, devastating to small businesses.…
Don’t Torpedo your Retirement Plan Now
As part of the recently passed CARES Act, which provides financial relief curing the coronavirus pandemic, a change was made to temporarily suspend the penalty for early withdrawals from tax-advantaged savings (such as IRAs and 401(k)s). While that could be…
Medicare Loosening Rules for Virtual Medical Services
In a giant step forward in response to the novel coronavirus pandemic, Medicare has temporarily lifted restrictions for paying doctors to provide “virtual” services, that is, consultations on the telephone with patents and ER staff. This allows doctors and medical…
Assistance for Businesses Hit by the Coronavirus
Considerable media emphasis has been placed on economic impact stimulus payments to, and unemployment assistance for, individuals. But, with the economy largely shut down and restaurants and non-essential shops shuttered, how can small businesses survive this pandemic? Fortunately, the CARES…
Beware of Scams – Social Security Will Be Paid On Time
Although we posted an assurance from Social Security yesterday, it bears repeating that Social Security benefits will definitely be paid on time, according to the normal schedule for such payments. Unfortunately, scammers are already hard at work trying to convince vulnerable…
On Social Security? You’ll Probably Get a Stimulus Payment
In the scurry to provide information about the Coronavirus and the CARES Act, Social Security recipients have been repeatedly assured that they will receive an “economic impact” payment. And while it’s absolutely true that collecting Social Security doesn’t disqualify you…
Social Security Payments Won’t Be Affected by the Pandemic
In this Press Release from the Social Security Administration, the agency reassures beneficiaries that all benefits will be paid on schedule and that there is no disruption to the payment schedule as a result of the national emergency caused by…
Especially for Women: Retirement Planning and Social Security
In this excellent article posted on Social Security’s “blog” website, Cindy Hounsell – President of the Women’s Institute for a Secure Retirement – explains why women have special circumstances which affect their retirement. About 67% of Americans over the age…
Calculate Your Stimulus Payment Here
Wondering how much your stimulus payment will be? The Washington Post has created an online tool which allows you to enter some very basic information and immediately get back the payment you are “likely” to get. The calculator is included…
A Q & A on the Stimulus Package
The basic rules for who gets a stimulus payment are relatively simple – individuals with income less than $75,000 get $1,200 and married couples with income under $150,000 will get $2400, plus $500 for each dependent child. Simple on the surface,…