Savings, Retirement, and the New Normal
The CARES Act allows you to make penalty-free withdrawals of up to $100,000 from your retirement account if you meet certain qualifications related to the COVID-19 pandemic.
Virus Era Retirement
We all have to figure out how to move into the future, whatever that may bring. If you have been planning to retire, this could be a very stressful time.
Retirement Hit Hard
This year, COVID-19 decimated the economy, and research shows 21 percent of people anticipate the crisis will deliver a severe blow to their retirement blueprint.
Social Security and Coronavirus
Boomers and those who receive Social Security could be concerned about receiving their monthly checks given the economic downturn due to the coronavirus.
Dipping into Retirement
Even before the current pandemic, many folks were worried that they were unable to afford to retire and might have to keep working later in life
When Should You Retire?
If you want to know what age to retire, you should figure out when you want to retire, and try and figure out how much time you have and how much you must save.
Retirement after Coronavirus
Since the coronavirus hit, 54 percent of adults surveyed in the United States say they’d like to continue working in retirement.
2019 IRA Contribution Deadline Has Been Extended
Making a last-minute contribution to an IRA may help you reduce your 2019 tax bill. If you qualify, your traditional IRA contribution may be tax deductible. And if you had low to moderate income and meet eligibility requirements, you may also be able to claim the Savers Credit for 2019 based on your contributions to a traditional or Roth IRA. Claiming this nonrefundable tax credit may help you reduce your tax bill and give you an incentive to save for retirement. For more information, visit irs.gov
Boomers Staying Connected
The Coronavirus crisis has affected millions, but Boomers have been hit harder in more ways than one. Staying connected is more important than ever.
The COVID Effect
The devastating impact of the coronavirus has people wondering how they are going to get through the year and what the future holds.