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Here's What You Need to Know About a Covid-Related Distribution From Your 401(K) Before Filing That Tax Return
If you took money from your retirement account for Covid-related reasons last year, there are reporting and tax-payment requirements for your 2020 return.
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Required Minimum Distributions on Retirement Plans Are Back — and Different
The hiatus on required retirement plan distributions is over, so retirees over age 72 should plan to take them. Here’s a look at the quirks and rules changes.
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Covid Relief Bill May Trigger $36 Billion Cut to Medicare, Higher Student Loan Fees
A $1.9 trillion Covid relief bill backed by Democrats may cause automatic cuts in certain programs like Medicare to control federal deficits.
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Retirees Eager to Travel Should Check Their Medicare Coverage Before Hitting the Road
Whether health services will be covered by your plan depends partly on your destination, as well the specifics of your coverage.
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Op-Ed: You've Been Asked to Invest in a Private Venture. Here's When to Say ‘Yes' and When to Walk Away
Investing in a small company that’s looking to grow can be exciting and profitable. But before tying up your money, take these steps to ensure a good decision.
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This Is How Social Security Benefits Are Handled at Death
While Social Security rules can be complicated, the bottom line is that a recipient’s benefits stop at death.
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Claiming Social Security Early? Here's How Spousal Benefits Come Into Play
Spousal benefits are an aspect of Social Security that can be confusing, especially when someone is claiming their own retirement benefits early.
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Pandemic Heats Up State Tax Competition to Attract Businesses and Residents
With tax rates likely to rise, state income, property and sales taxes are big considerations for individuals and businesses in deciding where to locate and work.
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They Went Bust in the Great Recession. Now, in Their 80s, the Pandemic Took Their Jobs
Dan and Grace Porte, like thousands of other seniors, lost their jobs during the pandemic. Older Americans tend to be unemployed for longer periods than others.
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Why the GameStop Frenzy May Hurt Retirees Along With Hedge Funds
Retail investors wanted hedge funds shorting GameStop stock to lose money when they ran up the share price. Pension plans may be collateral damage.
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Country Hall of Famer, Actor Kris Kristofferson Has Retired
Singer, songwriter and actor Kris Kristofferson has announced his retirement after five decades.
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Here's How Compound Interest Can Turn Your Stimulus Check Into a Fortune
Here’s how compound interest can turn your stimulus check into a fortune by investing wisely.
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The Social Security Tax Cap Kicks in at This Salary Figure in 2021
If you have a traditional job, you pay 6.2% of your salary per year in Social Security taxes, but there’s a limit on how much you owe. Here’s a breakdown.
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Here's What Happens With Social Security Payments When Someone Dies
Here are some key things to know about what happens when a Social Security recipient passes away.
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Some Medicare Costs Are Higher in 2021. Here's How You May Be Able to Cut Them
Certain costs can change yearly and affect your premiums and cost-sharing. While the upward adjustments may not involve huge dollar amounts, they can add up.
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Op-Ed: Here's How to Create a Charitable Trust as Part of an Estate Plan
When planning your estate, creating a charitable trust can provide a way to meet your wishes for loved ones and charities.
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Don't Forget to Check Your Retirement Plan. Here Are Moves to Make Before the Year Is Out
Assessing your retirement plan can make sure your savings goals are on track. If not, there are things you can do to course-correct.
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Nearly 46,000 Businesses Slashed 401(K) Contributions During Pandemic
Some 9% of 401(k) plans have cut contributions to employees or are considering doing so to save costs during the Covid pandemic, according to a new survey.
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You've Likely Missed the Deadline to Max Out a 401(K) This Year. Here's What Else You Can Do
If you missed the deadline to max out your 401(k), here are a few other things financial planners recommend you do with the extra money
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Rising Costs, Less in Savings: How the Pandemic Is Slamming the ‘Sandwich Generation'
In a new survey, 54% of respondents said they were spending more each month on caregiving since the start of the crisis.