Are you one of the many retirement account holders who took a Required Minimum Distribution (RMD) this year? If so, you may want to consider reducing your income by paying back those distributions, as the requirement for taking them has been waived this year. There are some essential details to keep in mind, however. Here’s what you need to know.
Continue reading “The 2020 RMD Reversal Deadline Is Almost Here”
Are you or someone you know currently making federal student loan payments? In light of the COVID-19 pandemic, some welcome relief may be on the way.
Continue reading “Federal Student Loan Relief”
Recently, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was signed into law. The CARES Act is designed to help those most impacted by the COVID-19 pandemic, while also providing key provisions that may benefit retirees.1
To put this monumental legislation in perspective, Congress earmarked $800 billion for the Economic Stimulus Act of 2008 during the financial crisis.1
The CARES Act has far-reaching implications for many. Here are some important provisions to keep in mind:
Continue reading “Key Provisions of the CARES Act”