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September is Life Insurance Awareness Month and while we push onward through this pandemic, the year has left many families without loved ones; loved ones who may or may not have prepared a financial back-up plan including life insurance to protect themselves and their family. Read more to find out which plans can provide tax-free …
Many of us haven’t been able to see our family members this summer due to Covid-19. For now, family get-togethers and vacations have been put on hold, but there are still ways for us to connect and be there for each other. 2020 has given all of us more time to think about our past, …
Continue reading “Leaving a Legacy: The Human Side of Estate Planning”
Thus far 2020 has been a year filled with uncertainty, with one exception, the choice on whether or not to take a 2020 RMD disbursement. Due to both the SECURE and CARES Act, a multitude of options are available for those of age to receive RMDs. The choice is whether or not to take …
With the pandemic well underway, you may be taking a second look at your retirement plan. Will you have enough income to retire? Can you afford your taxes? What about healthcare? Have you reviewed your estate plan? More and more questions may be surfacing as the world changes around us. To help navigate through this …
Continue reading “6 Ways to Evaluate Your Retirement Plan During The Pandemic”
Do you plan to leave money, assets, or other belongings to loved ones after you pass away? If you become seriously ill or incapacitated, who do you want to make financial decisions on your behalf? What about healthcare decisions? A well-constructed estate plan addresses all of these questions and more. Unfortunately, many people mistakenly believe …
As this is family wellness and legacy month, let’s talk about life insurance. Life insurance is a love letter to help your loved ones. Life insurance says “Honey when I walk out, cash will walk in tax-free.“ It is common knowledge that life insurance is often used to pay for funeral and end of life …
As the coronavirus pandemic continues to upend daily life for millions of Americans, the IRS has issued additional guidance for taxpayers. From extended deadlines to stimulus checks, these are the changes we can expect: Extended deadlines The filing and payment deadline has been extended from April 15, 2020 to July 15, 2020. This extension …
To slow the spread of COVID-19, the disease caused by the novel coronavirus, the CDC recommends that Americans practice “social distancing.” Proper social distancing means keeping at least six feet away from other people. However, being socially responsible doesn’t have to be boring. Here are five ways to stay happy and healthy while practicing social …
Continue reading “5 Ways to Stay Happy and Healthy While Social Distancing”
On Friday, Congress reached an agreement on a record-setting $2 Trillion coronavirus relief package. The bill includes direct payments to American taxpayers as well as expanded unemployment benefits for individuals laid off during the pandemic. Here’s an overview: How much money will I get in my coronavirus check? Single adults who make under $75,000 …
Continue reading “What to do with your coronavirus relief check”
How do you file taxes for a deceased family member? When someone close passes away, taxes are the last thing on your mind. Unfortunately, the death of a family member often raises tough financial questions regarding the deceased’s assets and estate. Here’s a quick guide to get you through. 1. Determine if the deceased is …
Continue reading “How Do You File Taxes for a Deceased Family Member?”
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