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Friday July 3, 2020

Helping Children Today
Personal Planner
When children are in their 30s and 40s, they frequently are starting a new career or beginning a family. Many are still...
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How to Find Health Insurance After a Job Loss
Savvy Living
Because of the coronavirus pandemic, I just got laid off from my job of 22 years and need to find health insurance until I can get another job or enroll in Medicare at age 65. What are my options? I am very sorry about your job loss. It is estimated that as many as 45 million Americans could lose their health insurance as businesses continue to lay off workers due to repercussions of the coronavirus pandemic. Here is where you can find health insurance coverage while you are looking for new employment or waiting for Medicare. The Affordable Care Act Marketplace Your best option for getting affordable health insurance is through Affordable Care Act (ACA) Marketplaces. Alternatively, if...
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Updated COVID-19 Rules on IRA Loans and Rollovers
Washington News
In IR–2020–124 and IR–2020–127, the Service announced new rules to assist IRA owners who are impacted by COVID–19. The Coronavirus Aid, Relief, and Economic Security (CARES) Act offered IRA owners several benefits designed to enable them to cope with the pandemic. The CARES Act included three specific provisions to assist IRA and other qualified retirement plan owners. First, there is a waiver of required minimum distributions (RMDs) for 2020. The RMD waiver was created because IRA RMDs were calculated in December 2019 when assets were at record high values. Second, an IRA owner impacted by COVID-19 may take a distribution up to $100,000. There is no 10%...
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