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This newsletter contains a large amount of material from an August 24, 2020 Hartford Funds newsletter. IT’S NOT JUST COVID-19 AND THE SUBSEQUENT ECONOMIC SLUMP THAT ARE OCCUPYING INVESTORS’ ...

Retirement Plan Rollover Options When you leave (or have left) an employer, you have several choices of what to do with your qualified retirement plan such as a 401(k) or 403(b).  Each choice has ...

Tax Deadline April 18, 2023, is the deadline for filing your federal income tax return for the tax year 2022 or requesting an extension.  It is also the deadline to contribute to your Individual ...

RMD RULES FOR 2020 – Updated June 23, 2020 Normally, if you are age 72 or over this year, you must take a Required Minimum Distribution (RMD) from your IRA each year.  This same requirement ...

Deduct Charitable Donations in 2020 – Without itemizing Background: Deduct Charitable Donations in 2020 – Without itemizing Since tax year 2018, the standard tax deduction has been $12,000 if ...

Needless to say, today is an ugly day for the stock market, with the Dow Jones down about 2,000 points (8.0%) as I write this.  I’ve been through this before and am confident that it will turn ...

THE SECURE ACT:  In December 2019, Congress passed the “Setting Every Community Up for Retirement Enhancement” (SECURE) Act.  (Long name with a misleading acronym.)  This retirement ...

Charles Schwab and TD Ameritrade announced on November 21, 2019 that they are in merger talks.  Here is the status and my thoughts. First, the merger is no sure thing.  There are potential ...

Spousal Benefits – Summary Several Social Security claiming strategies were eliminated in 2015 including the ability to file a “restricted application for spousal benefits,” ...

Problem:   A friend in our neighborhood, “Joe”, said that his dad passed away several months ago.  Joe is the executor and is now trying to fulfill his obligations of settling the estate.  His ...