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5 Ways to Reduce Financial Stress Right Now

With the current economic situation, many Americans are feeling anxious and worried about their finances. No matter your situation, there are things you can do right now to reduce financial stress.   doxoINSIGHTS COVID-19 Impact Report, published early May 2020, gives us a pretty good idea of the economic impact this virus has taken on Americans.¹… Continue reading 5 Ways to Reduce Financial Stress Right Now

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Think Twice before Making a 401(k) Withdrawal Right Now

If you’re thinking about making a 401(k) withdrawal right now to help make ends meet or have extra cash on hand, you’re not alone.  In fact. According to MassMutual, 55% of Americans are rethinking their retirement savings plans.¹ Before you touch your 401(k), we encourage you to think twice and educate yourself on the possible… Continue reading Think Twice before Making a 401(k) Withdrawal Right Now

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What Should I Do with My 401(k) Right Now?

If you are wondering What should I do with my 401(k) right now?–you aren’t alone.  Millions of 401(k) investors are wondering the same thing.  Recent market volatility. Economic instability. Fear of not being employed in the near future.  The sense of powerlessness over this entire virus situation and your financial future. It’s very real.  With… Continue reading What Should I Do with My 401(k) Right Now?

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3 401(k) Mistakes Investors May Not Realize They’re Making Right Now

There is a lot of uncertainty with the markets, the economy, and even in our personal lives. Now more than ever, the more informed you are, the better decisions you can make for your financial future. Keep reading for the top 3 401(k) mistakes investors may not realize they’re making right now.  #1 Assuming Your… Continue reading 3 401(k) Mistakes Investors May Not Realize They’re Making Right Now

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How Does the CARES Act Impact My 401(k) In 2020?

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?

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Should I Stop or Increase My 401(k) Contributions Right Now?

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?

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Important IRS Changes: Tax Relief for Americans during the Pandemic

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

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Stimulus Checks: How Much Americans Can Expect to Get

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