Losing sleep over your finances and worried about the overall economic impact of the coronavirus? Here are 7 tips on how to manage your finances right now so you feel more in control and confident about your financial situation. #1 Reprioritize Your Spending One of the best things you can do to manage your… Continue reading 7 Tips on How to Manage Your Finances Right Now
The $2.2 trillion CARES Act signed into law March 27, 2020, did more than provide financial relief to individuals, families, and small businesses. It also contains provisions that may impact your 401(k) in 2020. Not only does the bill include changes to both defined contribution and defined benefit retirement plans, but it also changes the… Continue reading How Does the CARES Act Impact My 401(k) In 2020?
With recent market volatility and general uncertainty caused by the COVID-19 virus, we’ve received a lot of questions from people asking… Should I stop or increase my 401(k) contributions right now? I’m losing a lot of money, I’m seeing my balance go down. Should I go to cash? Should I get more conservative? Should I… Continue reading Should I Stop or Increase My 401(k) Contributions Right Now?
The IRS has announced tax deadline extensions along with their People First Initiative to help Americans with the relief they need during this COVID-19 pandemic. “The IRS is taking extraordinary steps to help the people of our country,” IRS Commissioner Chuck Rettig said in the news release. “We are temporarily adjusting our processes to help… Continue reading Important IRS Changes: Tax Relief for Americans during the Pandemic
On Friday, March 27, President Trump signed into law the largest economic relief bill in the history of our country in hopes of providing relief to individuals, families, and businesses affected by the COVID-19 pandemic. The CARES Act includes stimulus payments, additional healthcare funding, loans and grants to businesses to deter layoffs, and strengthened unemployment… Continue reading Stimulus Checks: How Much Americans Can Expect to Get
From funding your retirement accounts to taking care of taxes, there’s a lot you can do in the second quarter to make sure you’re financially on track. Yes, even in the middle of the COVID-19 crisis. Keep reading for 10 personal finance tips for second quarter. #1 Review Your Goals, Budget, and Cash Flow … Continue reading 10 Personal Finance Tips for Second Quarter
Social distancing. Self-quarantine. Shelter in place. The new norm…for a while at least. We’re all stuck at home for the near future. If you’re worried about how to keep sane during this pandemic, you aren’t alone. After all, there’s only so much binging Netflix or Amazon Prime we can do before we get cabin fever. … Continue reading 21 Ways to Keep Sane during This Pandemic
On Wednesday, March 18, the Senate passed the Families First Coronavirus Response Act (H.R.6201). This is Phase 2 of a four-part stimulus package aimed to provide relief to Americans as the COVID-19 virus continues to wreak havoc on our lives and our economy. To recap, Phase 1, otherwise known as the Coronavirus Preparedness and Response… Continue reading Families First Coronavirus Response Act (the FACTS)
If you are in credit card debt and struggling to get it under control, but are worried about saving for retirement, you’ve probably asked yourself: Do I first pay off debt or save for retirement? It’s a good question to ask. According to a recent report by the Federal Reserve Bank of New York, Americans… Continue reading Pay Off Debt or Save for Retirement? Which Comes First?
2020 is flying by, and, before we know it, it will be over. Make sure you meet your financial goals and stay on track to potentially maximize your 401(k) performance this year. Check out our tips below on exactly how to do this. Educate Yourself We took to the streets to ask everyday people about… Continue reading How to Stay on Track to Potentially Maximize 401(k) Performance in 2020
