The coronavirus outbreak has paralyzed the entire world and brought it to a standstill. The government-backed lockdown in the US has compelled businesses to halt their daily operations for an indefinite period. Businesses are now struggling to deal with this sudden economic downturn and, in the process, have ended up making some hard decisions including laying […]
Surviving Coronavirus Furloughs and Layoffs Read More »
The Coronavirus has sent shock waves through our entire culture, not just the financial system. The other challenges we faced in January seem pale in comparison, including the SECURE ACT changes pushing back the RMD age and ending the Stretch IRA. Mandatory lock downs, closed schools and banned public gatherings have led to a recession
2020 Market Challenges Read More »
New law ALERT: As of January 1, 2020, the new Secure Act repeals the age restriction on contributions to traditional IRAs. So, for tax years beginning in 2020 and beyond, you can make contributions after reaching age 70½. … Thanks to the new law, you can make contributions for tax year 2020 and beyond AND it pushed back the RMD age to
New Year, Major Tax Law Changes: The SECURE Act Read More »
