Archived Content
CARES Act: Enhanced Loans From Employer Retirement Plans
CARES Act: Enhanced Loans From Employer Retirement Plans Background: Previously, if you ever needed to request a loan from your 401(k) or 403(b) plan, you’d be restricted to the lesser of 50,000 or 50% of your vested account balance. Meaning if your vested balance was 90,000, you’d be limited to 45,000 (90k * 50%) as that is…
CARES Act: Coronavirus-Related Retirement Distributions
CARES Act: Coronavirus-Related Retirement Distributions You can take up to $100,000 out of your employer retirement plan (401k, 457, etc) or IRAs without incurring the normal 10% withdrawal penalty. Background: Normally, when you take money out of your 401k or IRA before Age 59-½, you’d have to pay a 10% penalty in addition to income…
CARES Act: Recovery Rebates
CARES Act: Recovery Rebates CH.R. 748 (CARES Act) Bill Provisions Over the past few days, we have read through the H.R. 748 (CARES Act) bill and there are some specific items we think you could benefit from, if your short term finances could use the help. Even longer-term there are some items that will affect you….
Coronavirus Unemployment Benefits Resources
Coronavirus Unemployment Benefits Resources Some of the people we’ve talked to are unemployed or have fewer working hours because of the Coronavirus. Everyone is being affected a little bit differently these days. Federal And State Unemployment Benefits First off, if your income has been ended or lowered, you want to file for unemployment. There is…
Tax Extension To July 15
Tax Extension To July 15 Are you expecting a refund? Depending on how tight money is right now, you might want to file as soon as possible to get that refund check! Or maybe you want to wait as long as possible before filing to hold onto your finances longer. Depending on which…
Recent SECURE Act Changes In 2020 [Video]
In the last few weeks of 2019, the President signed into a new law the SECURE act. It has quite a few changes for retirees and pre retirees. And we figured this would be worthwhile to bring Steve on and talk through what some of those changes are and what folks need to be looking…
