Personal Financial Advice from a former Certified Financial Planner
A whole lot of Covid financial relief protections were scheduled to end in December. As expected, some of those money helping tweaks have been extended in 2021. For example, the Biden administration recently extended the mortgage foreclosure moratorium and forbearance protections. Student Loan Relief Flexibility On January 20, 2021, various …
If you are interested in financial independence, you know you need to watch and manage your money beyond a new $600 stimulus check. You need to know what else is in the new Covid stimulus bill. Here are the new Covid stimulus bill details you need to manage your money. …
In March, the government began offering options to help benefit borrowers with student loans during the Covid pandemic. The Covid student loan benefits were to stop collecting on student loans, to charge 0% interest rates on student loans, and to suspend student loan payments. Basically, you could turn off paying …
People keep asking me about how to invest based on Covid. Covid investing would be the idea of investing in the potential vaccine manufacturers, distributors, the company that makes glass vials, and things like that. Those company’s stocks are already up on the hope that they’ll benefit. It’s unlikely they …
According to news reports, the Federal Reserve will signal that its interest rate plan will remain unchanged through the end of 2023. These kinds of “leaks” are typically from Fed staffers trying to lessen any shock ahead of the actual Fed meeting. What 0% Interest For Three Years Means For …
As part of the economic relief legislation passed to help with the coronovirus, Congress removed the requirement that people age 70 1/2 and older take their required minimum distribution this year. This leaves many taxpayers wondering, should I skip my RMD this year. Tax Benefits of Skipping RMD This Year …
As parts of the country start moving into reopening after coronavirus lock downs, it’s time to start thinking about how to restart your own personal finances when the restrictions end. So, how do you restart finances while the country is restarting economy? Going Back To Work Despite all the news …
If you have an IRA or 401k and you are over 70 1/2-year-old, you need to take a required minimum distribution, or RMD, from your retirement account each year. However, with the coronavirus pandemic, Congress passed specific relief for certain kinds of retirement accounts creating different rules for your 2023 …
The coronavirus has upended the U.S. economy and sent millions of Americans into unemployment. While it isn’t enough to offset everything, Congress did pass some legislation providing a cash infusion to Americans as a way to both help people through a tricky time, as well as try and prop up …
The stock market has been on increasingly shaky ground over the past several months as valuations raised quickly on dubious fundamentals. When this happens, market get skittish and start looking for any reason to make at least a small correction. That reason popped up this month in the form of …