IRS Clarifies COVID-19 Relief Measures for Retirement Savers

Retirees who took RMDs in 2020 have until August 31, 2020, to roll the money back into a qualified account. This rollover will not affect the one-rollover-per-year rule. The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020 ushered in several measures designed to help IRA and retirement plan account holders cope […]

First Trust COVID-19 Tracker

Fight For COVID-19 Freedom Update Despite rising cases, recent data suggests the U.S. is responding well to the pandemic. As of Mid-July the number reporting Covid-19 positive was starting to fall and hospitals were operating around the 66% occupancy level. The death rate as a share of hospitalizations has increased a bit, but it remains close […]

The Sandwich Generation: Juggling Family Responsibilities

The Sandwich Generation: Juggling Family Responsibilities At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses while at the same time looking after the needs of your aging parents. Squeezed […]

Changing Jobs? Know Your 401(k) Options

In some cases, you have no choice — you need to use the funds. If so, try to minimize the tax impact. For example, if you have nontaxable after-tax contributions in your account, keep in mind that you can roll over just the taxable portion of your distribution and keep the nontaxable portion for yourself. […]

10 Years and Counting: Points to Consider as You Approach Retirement

  12019 Retirement Confidence Survey, EBRI 2Note that if you work while receiving Social Security benefits and are under full retirement age, your benefits may be reduced until you reach full retirement age. 3Due to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, required minimum distributions (RMDs) are waived in 2020. 4Working with a […]

CARES Act May Offer Welcome Relief to Retirement Account Owners

Learn More In This Short Video Presentation IMPORTANT DISCLOSURES Dightman Capital does not provide tax or legal recommendations. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the […]

Deciding When to Retire: When Timing Becomes Critical

  Don’t underestimate the psychological issues involved in deciding when to retire. Many people welcome the opportunity to reinvent themselves. Others postpone retirement or return to some form of work so they can continue to feel connected and productive. You’ll also need to shift your mental focus from accumulating savings to investing for income and […]

First Trust COVID-19 TRACKER

First Trust Portfolios has done an excellent job of providing many additional data points regarding the progress we have made in the fight against COVID-19. We hope this helps in your understanding of the economic and market recovery underway. Click on the image below for addition detail.

Considering An Offer To Retire Early: Should You Take It?

What is it? In today’s corporate environment, where cost cutting, restructuring, and downsizing are the norm, many employers are offering their employees early retirement packages. As you near retirement age, you may find yourself confronted with an offer from your employer for early retirement. Your employer may refer to the offer as a golden handshake […]