March saw it all, the Good and the Bad!
From the all-time high in the stock market on February 19th to the low for 2020 on March 23rd, the market lost 33.9% of its value. Never has the market declined that much in such a short time.
What can I do if I can’t file my income taxes by April 15, 2020?
The IRS announced on March 21, 2020 that the 2019 federal tax filing deadline is extended from April 15 to July 15, 2020.
Required Minimum Distributions are Waived for 2020
he CARES Act, which was signed into law on Friday, March 27, 2020, provides broad relief to IRA owners over 70 ½ who normally are required to take a minimum distribution from retirement accounts annually.
The Market and the Coronavirus
When the news of the coronavirus broke in late January that was a catalyst for a decline and the market lost all the January gains and ended the month flat.
Make Charitable Donations Directly from your IRA
For taxpayers who are 70 ½ and older, you can take the Standard Deduction when you file your taxes and still benefit from your charitable giving.
How to Protect yourself against Phone Call and Email Scams
The #1 financial scam against seniors is the Social Security scam. One of the latest scams is a phone call that your social security number is being suspended due to suspicious activity. Help protect yourself against this with these tips.