Tag Archives: Retirement planning

US Speaker of the House Nancy Pelosi signs the bill after the House passed a $2 trillion stimulus bill, on March 27, 2020, at the US Capitol in Washington, DC. Alex Edelman | AFP | Getty Images For people who turned 70½ last year and were required to take a …

The coronavirus pandemic is far from over, so knowing how to deal with your investments is important, says top investment advisor Ric Edelman. “This is ugly right now, and it is going to get much uglier,” he said, referring to the pandemic. “My biggest concern is that most people have …

People looking to start investing have found the right moment, personal finance expert Suze Orman told CNBC on Thursday. “There couldn’t be a better time to start investing [than] right now,” Orman said on “Fast Money.”  Orman’s comments came after another strong day for stocks amid weeks of coronavirus-driven volatility. The …

Everyday Americans are about to get a one-time cash infusion. As part of a relief bill to combat the economic impact of the coronavirus pandemic, the government is expected to provide payments of up to $1,200 for individuals or $2,400 for married couples, up to a certain income threshold, as …

Jamie Grill | Getty Images More than a decade ago, the markets were sent into a tailspin during the financial crisis of 2008-2009. But it turns out investors who left their retirement nest eggs alone fared best. That’s according to research from J.P. Morgan, which used the firm’s own data …

The Treasury Department and the IRS are giving you more time to sock away money in tax-favored accounts – and have it count for 2019. The IRS announced that savers now have until July 15 to make 2019 contributions into their individual retirement accounts and their health savings accounts, which are …

The coronavirus pandemic is continuing its assault on the U.S. economy, forcing businesses to close, lay off workers or reduce their hours. Many Americans may need fast cash, beyond what can be generated by strict budgeting. But where to turn? Here are some of the possibilities, according to financial advisors. …

U.S. Senate Majority Leader Mitch McConnell (R-KY) arrives at the U.S. Capitol on March 18, 2020 in Washington, DC. McConnell is urging members of the Senate to pass as soon as possible a second COVID-19 funding bill already passed by the House. Win McNamee | Getty Images You may soon …

Several Democratic senators have teamed up to propose giving Social Security beneficiaries an extra $200 per month in the wake of the coronavirus pandemic and the economic devastation it is causing. The plan was put forward last week by Sens. Elizabeth Warren, D-Mass.; Chuck Schumer, D-N.Y.; and Ron Wyden, D-Ore. …

Five years after my husband died, I wrote in my journal: “I am so much more than just a widow. I’m a thriving independent woman!” Yes, I was firmly in Stage 3 of widowhood — transformation — after navigating the first two phases of grief and growth. Like many other …