As the death toll from the Covid-19 virus mounts and disruption to American society spreads, economic indicators signal that the crisis could be short-lived.
On March 2, The Organization of Economic Cooperation & Development issued an interim forecast for global economic growth. OECD shaved its forecast for 2020 U.S. growth by only one-tenth of 1%.
With tens of millions of Americans desperately seeking security in retirement, Uncle Sam should have been more careful about how he named the new tax law, known as the SECURE Act.
The Setting Every Community Up for Retirement Enhancement Act was named, so it can be abbreviated “SECURE,” but it has nothing to with IT or homeland security, and the SECURE Act actually could make retirement less secure for millions of Americans unless they pay attention to new rules the Act imposed on retirement accounts starting in January 1, 2020. Watch it here.
Please follow the attached link and gain clarity on a currently unclear law. This SECURE Act was passed as part of a government spending bill and drastically rearranges the retirement landscape. Feel free to call with any questions about it after you read. Read the full article here on Think Advisor.
When it comes to taxes, it’s never too early to start planning. Although 2019 isn’t quite over yet, planning for tax season now can give you a big advantage when it comes time to file. Here are a few key ways to make tax filing smoother come 2020. Read the full article, courtesy of CNBC, here: https://www.cnbc.com/2019/12/27/tax-planning-now-can-make-big-difference-in-2020-irs-filing.html
As much joy as generous gift giving can bring, for too many folks it’s also a source of financial stress. But your holiday shopping doesn’t have to get the best of your emotional and financial health this year. Before you head to the mall or the Internet to make purchases, consider these tips to manage your holiday spending. Read the full article courtesy of Forbes.com here: https://www.forbes.com/sites/advisor/2019/11/24/8-ways-to-manage-your-holiday-spending/#660f53f0696b
Whatever the size of your nest egg, retirement will likely mean big changes in your financial life. Sources of income can shift, as can expenses. Financial priorities often change as well as you move from saving for retirement to generating income from your hard-earned retirement savings. Learning the differences between between cash flow and liquidity, and knowing how to balance the two can give you a big head start on your retirement budget.
Read the full articel on the Fidelity website here: https://www.fidelity.com/viewpoints/retirement/managing-cash-flow
Selling your business is always a challenge. but research shows that employers can benefit from selling to employees. It reduces presale prep (the arduous work that goes into making a business more attractive for would-be buyers), allows for a gradual transition, and generates greater loyalty and productivity among the rank and file. See the full article from Inc.com here.