6 Ways The $2 Trillion Stimulus Package May Help You

In response to the severe economic fallout stemming from the COVID-19 pandemic, a record $2 trillion fiscal stimulus package was enacted at the end of March. The wide-ranging CARES (Coronavirus Aid, Relief and Economic Security) Act is designed to help ease the financial hardships many Americans are facing. You may be wondering what, if any,…

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What’s new for Social Security in 2020?

With the new year upon us, those who collect Social Security or pay into the public retirement program through payroll deduction will see some changes. The Social Security Administration makes cost-of-living adjustments on an annual basis. Here’s how the changes may impact you: For those receiving retirement benefits If you collect Social Security benefits on…

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Tax-Smart Giving with Qualified Charitable Distributions

Thinking about making a large financial gift to charity? Looking for ways to reduce your taxes? If you’re retired and have IRA assets, the qualified charitable donation (QCD) tax rule might work in your favor. The QCD rule allows IRA owners or those who have inherited an IRA to exempt their required minimum distributions (RMDs)…

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