The CARES Act of 2020 allows taxpayers to skip required minimum withdrawals from IRAs, 401k and 403b plans this year. The law was enacted on March 27, 2020. What about people who took their withdrawal prior to its passage, say,…
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The CARES Act was designed to provide a measure of financial relief to Americans impacted by the coronavirus pandemic. The two-trillion-dollar legislation was passed on March 27, 2020. As noted in a prior post, among the law’s provisions is an…
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The CARES Act (Corona Aid, Relief and Economic Security Act) signed into law on March 27 provides $2 trillion in relief for Americans impacted by the COVID19 pandemic. Among its many provisions, the law relaxes several rules for retirement accounts…
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The 2020 census begins in mid-March. That is when the U.S. census bureau begins sending postcards to all U.S. households requesting their participation. You should receive the correspondence by April 1. This is the first time that households may provide data…
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The SECURE Act has just been signed into law and went into effect January 1, 2020. Short for Setting Every Community Up for Retirement Enhancement, the legislation makes sweeping changes to the rules for retirement plan savings. We are in the…
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Florida Medicaid has revised several eligibility criteria that must be met to receive benefits for long-term nursing home care. These changes went into effect on January 1, 2020. The Medicaid applicant’s gross monthly income cannot exceed $2,349 per month (was…
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I was contacted some months ago by “Patricia.” She had read my Palm Beach Post article about 401K beneficiaries and it immediately reminded her of a situation that had occurred in her own family. She suggested my readers would benefit…
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