Getty The Covid-19 crisis has caused many Americans to reflect on their retirement plans. In fact, in April, the Transamerica Center for Retirement Studies found that one in four U.S. workers (23 percent) say their confidence in their ability to retire comfortably has declined in light of the coronavirus pandemic. Further, the incidence of this drop
Retirement
By Grace Birnstengel, Next Avenue Editor Getty Early on in the pandemic’s sweep over the U.S., a nursing home resident in Minnesota left her home for a weekend visit elsewhere. When she returned, the facility wouldn’t allow her back inside, for fears surrounding the coronavirus. The nursing home demanded a Covid-19 test. But at that
Yesterday, the U.S. Small Business Administration (SBA) made it easier to apply for forgiveness of your Paycheck Protection Program (PPP) loan. Small-business owners who qualify can now complete Form 3508 EZ for PPP loan forgiveness. (Photo by … [+] Allen J. Schaben/Los Angeles Times via Getty Images) Los Angeles Times via Getty Images New EZ Application
Getty The Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act, enacted in March, contained a number of provisions designed to provide relief to cash-strapped taxpayers, including retirees. Key breaks included reduced penalties for taking early IRA distributions, waiver of required minimum distributions (RMDs) and the option to spread taxes on retirement plan distributions over three
By Michele Turk, Next Avenue Contributor Getty By the time my doctor told me via FaceTime that I tested positive for Covid-19, my symptoms were long gone. I was probably not contagious anymore, and I had temporary immunity to the virus. For weeks afterward, the same thought replayed in my mind: I survived the coronavirus. How
Gambling to overcome coronavirus losses sounds like the “advice” you’d expect from a casino owner, … [+] not from the Chairman of a federal agency charged with protecting investors. ASSOCIATED PRESS Trump SEC Chairman Jay Clayton urges 401k plan sponsors and investors to gamble on private equity funds as a means of recovering coronavirus losses.
Variable Annuities Caveat In this discussion of variable annuities, I am mostly making an implicit assumption that the annuity is competitively priced. Fees reflect what is needed to support the guarantees provided by the insurance company and to keep the company profitable. But fees are not excessive such that the value to the consumer is
By Andrea Cooper, Next Avenue Contributor Nicole Dunn and her mother, who recently moved into an assisted living community Courtesy of Nicole Dunn Nicole Dunn was all set to move her mom, Barbara, into an assisted living community in St. Petersburg, Fla. in April. Then Covid-19 struck. The facility temporarily banned outsiders and “that meant
TOPLINE Stocks are jumping sharply on Tuesday thanks to a record surge in retail sales last month, additional support from the Federal Reserve and hopes for more government stimulus. Retail sales jumped by a record 17.7% in May. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was up 2.4%, over 600 points, by
By Grace Birnstengel, Next Avenue Editor Getty Right now, the idea of justice is on the minds and hearts of the masses. Justice is sought for anyone who is wronged. Justice can be defined by an individual and looks differently for everyone. Acts of injustice are seen on large scales against historically marginalized groups: People