Signs of a Slowdown, But Recovery Still on Track
Posted by Micah Crabdree on Tue, 08/04/2020 - 17:09
This week, the news was much the same as it was last week. This is actually good news, as things had been getting worse. As such, this stabilization represents progress. It also indicates that, in many states, outbreaks are being contained.
Ask THIS Before You Claim Social Security
Posted by Kevin Dick on Tue, 08/04/2020 - 15:40
Should I claim my Social Security benefits now? It’s a common question, and it’s one that you’re very prudent in asking. Timing is the biggest facet in maximizing your benefits. Yet, you’ll get an array of answers on the best timing. Let’s break down three questions that will give you the most definitive answer to your question.
Laid Off Before You're Ready To Retire?
Posted by Kevin Dick on Tue, 07/28/2020 - 11:27
If you have been one of the many impacted by COVID-19 and you’re closer to retirement than some, then you should look through these tips to see what you can do to overcome this problem.
UPDATE: RMD Requirements
Posted by Micah Crabdree on Tue, 07/21/2020 - 11:57
If you missed the news, the IRS announced that if you already took out your maximum percent for your Required Minimum Distribution, you are still in luck. According to the IRS, you can still roll over those funds and put them back into your account. That is according to the current Cares Act waiver.
This new waiver has been extended until the end of August. That should give you enough time to replenish your accounts before the end of this year, if you choose to.
Summer Travel: Flying in the Pandemic
Posted by Carrie Dick on Mon, 07/13/2020 - 13:19
After months of desolation at the airports, air travel has increased every week leading into the busy summer vacation season. With full flights becoming more of the norm, it is more challenging than ever to socially distance on planes, making it important that you follow additional precautions.
The CARES Act 2020 RMD Waiver: What You Need to Know
Posted by Kevin Dick on Tue, 07/07/2020 - 15:41
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law on March 27, 2020, includes provisions that temporarily relax several key retirement account rules. One of these provisions is a waiver of required minimum distributions (RMDs) in 2020. Here’s what you need to know.
Localized Outbreaks Heighten Fears of National Second Wave
Posted by Kevin Dick on Tue, 06/30/2020 - 17:52
Over the past week, localized outbreaks in several states continued to get worse, increasing the chances of a national second wave of infections. Arizona, California, Florida, and Texas have shown significant spikes in cases in recent days, with the Carolinas also under pressure. Further, multiple other states have experienced expanded case growth. Overall, the virus remains under control in many states, but the breadth and magnitude of the outbreaks have increased the risk at a national level.
Will Localized Outbreaks Derail Recovery?
Posted by Micah Crabdree on Tue, 06/23/2020 - 12:54
The news this week has been a bit of a mixed bag. The bad news is that we’ve seen signs of localized outbreaks in several states. In recent days, Arizona, California, Florida, and Texas have all had significant spikes in cases. But here’s the good news: outside of these and a handful of other states, the virus remains under control. There’s still no sign of a national second wave of infections.
As of June 17, three of those states with data available (i.e., Texas, Florida, and California) reported 10,300 new cases, or almost 40 percent of all new cases across the country. This suggests that conditions continue to improve in most of the remaining 46 states. Although those outbreaks have affected the national numbers, they remain localized, for little national effect on a net basis. The rate of positive tests has stayed low as well, suggesting that the data continues to trend favorably.
Covid19 Office Update
Posted by Carrie Dick on Thu, 06/18/2020 - 18:39
Important update regarding office operations due to Covid19.
The Tax Implications of Working from Home
Posted by Kevin Dick on Thu, 06/18/2020 - 13:54
In addition to causing countless hardships, the COVID-19 pandemic has created smaller issues that may be easy to overlook during a crisis. With employees working remotely far more often, for example, one such issue is the complexity of a scattered workforce and its various tax implications.