How COVID-19 Caused a “She-Cession”
Several women-dominated industries were hit hardest by the pandemic. Provided by Marc Aarons Since the 1980s, unemployment rates have trended higher amongst men than women during a recession. In previous periods of economic downturn, this made sense. Male-dominated industries, like construction and finance, were typically some of the most impacted by a recession.1 But with […]
2020 IRA Deadlines Are Approaching
Here is what you need to know. Provided by Marc Aarons Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. April 15, 2021 is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts. Keep in mind that withdrawals from traditional, […]
FAFSA Applications Are Now Open
Federal Student Aid opportunities are often first-come, first-served. Provided by Marc Aarons Applications for the Free Application for Federal Student Aid (FAFSA) are now open for the academic year 2021-22. Applying for the FAFSA allows you to qualify for grants, scholarships, and other federally sourced aid, such as work-study or student loans. The applications opened […]
The 2020 RMD Income Tax Relief Deadline Is Almost Here
Important facts and a date to remember. Provided by Marc Aarons Are you one of the many retirement account holders who took a mandatory distribution this year? If so, you may be able to manage the taxes associated with Required Minimum Distributions (RMDs) from traditional IRAs and 401(k)s. There are some essential details to keep […]
The I.R.S. Has Enhanced the 2020 RMD Waivers
Investors may be eligible to “undo” certain retirement account withdrawals before September. Provided by Marc Aarons In March, the Coronavirus Aid, Relief, and Economic Security (CARES) Act became law. It was designed to help Americans impacted by the COVID-19 pandemic.1 The new law offered investors a financial break. It gave people the option to skip […]
Details on the Tax Deadline Extension
The I.R.S. is giving you three additional months to file and pay. Provided by Marc Aarons The Internal Revenue Service knows that many taxpayers have had a stressful spring. So, it has reset the federal tax deadline. You now have until July 15 to file your 1040 form. July 15 is also the deadline to […]
2019 IRA Deadlines Are Approaching
Here is what you need to know. Provided by Marc Aarons at Money Managers, Inc. Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. April 1, 2020 is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts. April 15, 2020 […]