Financial Questions to Ask Mom and Dad
Many Americans have been focused on their own finances over the past several months. But don’t neglect helping those closest to you with their finances as well, especially aging parents. Here are some questions to ask your parents to help them sort through their financial picture. Have you decided when you’ll start taking Social Security
- Published in Financial Planning, Personal
Ideas to Help Local Businesses
Shuttered businesses are realizing that lifting lockdown restrictions doesn’t mean a return to business as usual. Social distancing guidelines and a public wary of venturing into crowded environments means light customer traffic for many businesses. Here are several ideas to help local businesses financially as they reopen their doors: Continue buying gift cards. For
- Published in Personal
Be Prepared for Pandemic Tax Surprises
Numerous new laws provide economic relief to individuals and businesses hardest hit by this year’s pandemic. This much-needed financial assistance, however, comes with a few strings attached. Here are three potential surprises if you use the available economic relief packages: Getting a tax bill for unemployment benefits. While the $1,200 economic impact payments most Americans
- Published in Tax Tips & Information
Think Before Tapping 401(k) as Emergency Fund
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you may be able to take money out of a qualified plan, like a 401(k), or an IRA, with favorable tax consequences. But should you do it? You might view withdrawing money from a retirement account as a last resort. Background Among other changes
- Published in Personal, Retirement Plans
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Financial Questions to Ask Mom and Dad
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Ideas to Help Local Businesses
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Be Prepared for Pandemic Tax Surprises
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