I’ve heard from a number of readers frustrated with their inability to get their tax refunds or economic impact payments, with attempts to contact the IRS via phone only adding to their unhappiness.... more
The IRS has been busy. From a third round of stimulus payments, to a delayed tax filing date, to relief for taxpayers involved in disputes with the federal tax agency -- just to name a few of the thin... more
The COVID-19 pandemic in 2020 brought a halt to numerous activities, but it did not prevent a surge of both new and experienced individual investors from getting involved in the stock market, accordin... more
The importance of having savings certainly has been brought to the forefront during the COVID-19 pandemic, as many people found themselves living on, and often exhausting, their emergency savings due ... more
If it weren’t the year 2020, right around now, I would be cautioning IRA owners over 70 1/2 to make sure they withdrew their required minimum distributions (RMDs) from their individual retirement acco... more
It’s December, and if you haven’t yet made your charitable contributions this year, now is the time, especially since 2020 contributions are subject to new, more favorable tax treatment.... more
If you are participating in a retirement plan at work, are you changing your activity because of the pandemic? Most participants are not, even though the COVID-19 market was a roller coaster between F... more
Have you made an investment decision during the coronavirus market that you regret? Perhaps you sold out of your stock investments or stock mutual funds in March when news headlines were dire?... more
COVID-19 has had an effect on all of our lives, affecting not only health, but also jobs and personal finances. Some people are encountering new challenges, such as being unable to pay bills on time.... more
An important deadline is fast approaching that applies to anyone who wants to reverse an RMD (required minimum distribution) from a retirement account in 2020. That deadline is Monday, Aug. 31.... more
The song “You Can’t Always Get What You Want” describes how people feel about retirement these days. That’s the song chosen by nearly half of the respondents in a survey released on July 29 by the All... more
The difficult period we are experiencing as a result of the COVID-19 pandemic has a related, unsavory aspect: It has opened an opportunity for scammers to take advantage of people, especially seniors.... more
When I wrote about the suspension of required minimum distributions (RMDs) for 2020 by the CARES Act, which was signed into law on March 27, I received a number of emails from readers who could not ta... more