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Coronavirus Withdrawals From An IRA Or 401(k): Who Can, And Should, Tap Retirement Accounts?
Part of the CARES Act allowed individuals to tap IRAs or 401(k) retirement plans if they were impacted by the coronavirus and needed cash. The law permits withdrawals up to $100,000 (or the account balance, if lesser), without penalty. The funds can be paid back, though it’s optional. For struggling business owners and
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7 Tips for Making Financial Resolutions Last
Make your financial resolutions last with 7 key tips. Learn to set goals, prioritize, use financial apps, automate savings, and adjust plan.
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2 Ways The 199A Deduction Has Changed Retirement Planning
Small business owners and self-employed folks doing their 2018 taxes could be in for a surprise: the new tax law may have changed the way they should use retirement accounts.
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Bucket Budgeting: An Easy Way To Manage Cash Flow
Like dieting or exercise, budgeting requires consistency to produce results. But budgeting can be difficult to make into a habit, as it can feel
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8 Steps To Take If You Lose Your Job Because Of Coronavirus
These are crazy times that we are living in as the current epidemic is shaking the world. We’ve now seen jobless claims top 30 million over the last six weeks – many of them due to the novel coronavirus. In case you’re keeping track, that’s more layoffs than jobs created since the Great Recession. Perhaps you’re newly
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How to Determine the Right Mix of Benefits and Compensation for Your Staff
At this time of year, you’re likely starting your year-end budget review and planning for FY 2020. Expenses, group benefits, and employee compensation may all be a big part of the conversation as you look for areas to control costs or trim spending. If your health insurance renewal is at year end, then Open Enrollment
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Don't Leave Things to Luck: 3 Ways to Secure Your Finances in 2023
Rampant inflation has been with us for well over a year. And it's caused a lot of people's finances to take a turn for the worse.
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How a 'Near Zero' Interest Rate Affects Your Money
The Federal Reserve announced on Sunday that it would cut interest rates to near zero, with the benchmark for consumer interest rates to drop to between 0% and 0.25%.
- By April 10th of this year, a third of Americans had blown through their emergency funds, according to a survey conducted by By April 10th of this year, a third of Americans had blown through their emergency funds, according to a survey conducted by NerdWallet. Millennials are leading the way, with 45 percent of that generation saying their personal backup rescue funds were now depleted. The global health crisis has shaken large and small ec