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The CARES Act passed the Senate awaiting the House vote
The 883 page bill, titled the “CARES Act” which includes thousands of dollars in direct payments to most Americans and loan packages designed to help keep small businesses and corporations afloat passed the U.S. Senate late Wednesday night. The House…
Savers now have to July 15th to make your contributions
The Treasury Department and the IRS are giving taxpayers until July 15 to file their 2019 tax returns and pay taxes owed for the last year and first quarter of 2020 due to effects of the coronavirus (COVID-19). For filers,…
Suspending the Social Security payroll tax will not solve the problem
In a MarketWatch opinion piece by Alicia H. Munnell, director of the Center for Retirement Research at Boston College, she discusses why the president’s proposal for a Social Security payroll tax cut is not the appropriate response to the COVID-19…
If you lose your job should you take your Social Security benefits early?
Due to the coronavirus (COVID-19) millions of Americans are about to lose their jobs and those with stocks have lost 35 percent of their accumulated value over the past weeks. But every household is different, and for those who have…
How Much Could Medicare Beneficiaries Pay For a Hospital Stay Related to COVID-19?
The Henry J. Kaiser Family Foundation, a non-partisan source of facts and analysis, have analyzed how much Medicare beneficiaries could pay out-of-pocket for an inpatient hospital admission under traditional Medicare or Medicare Advantage plans if they were hospitalized due to…
Understanding Medicare enrollment
Medicare is a government health insurance program for people 65 and older. It contains four parts plus an additional option of getting a Medicare Supplement insurance plan. To help you pick the right plan for your healthcare needs, it is important…
If you stuck at home now’s a good time to plan ahead for retirement
While millions of Americans are consumed by the news about the COVID-19 crisis, now is a good time to read up on your Social Security benefit and make a few key moves that could raise your monthly income in retirement. …
Experts have concerns with the coronavirus relief bills
In the proposed House and Senate coronavirus legislation to help Americans and companies deal with economic fallout from this virus, is a provisions related to retirement, including a waiver for retirees who need to take required minimum withdrawals (RMDs) and…
Location matters when choosing a retirement home
As they say in real estate, it’s all about location, location, location. Location is a large factor to consider when you are choosing a retirement facility as well. According to Genworth Financial, the annual median price tag for a retirement home…
Should you continue funding your retirement or emergency fund?
During the COVID-19 pandemic, it is tempting to scale back on contributions to your 401(k) or IRA. Most financial advisors, however, would advise you to do your best to continue funding your retirement. Millions of Americans are struggling financially during…