I am advising some clients to ladder maturities to lock in more dependable tax-free income streams — especially for those in states with high income taxes, like California.
The Internal Revenue Service is urging some benefits recipients to register their children and other dependents for the extra $500 per child stimulus payments by May 5 if they haven’t already filed a tax return for 2018 or 2019.
Under the new act, some can take out as much as $100,000 from retirement plans early without penalty.
Find more information and the nomination form for Financial Planning's recognition of people, leaders and firms that have demonstrated innovation in response to the coronavirus pandemic.
Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.
People who receive Supplemental Security Income will automatically get economic impact payments from the federal government in response to the novel coronavirus pandemic.
Just as in the wake of the 2008 financial crisis, experts say there's rising interest in the products among advisors.
These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.
From Roth conversions to QHFDs: The coronavirus pandemic is forcing difficult questions, and clients rightfully are looking for answers that advisors are uniquely suited to provide.
Republican staff on the Senate Finance Committee have released a set of answers to frequently asked questions about the stimulus payments.