Ep 70: Free Money? More Stimulus Checks & Larger Healthcare Tax Credits

The government’s money-printing machine is ripping. Here comes round 3 of stimulus checks and larger healthcare tax credits for many pre-Medicare retirees.

Hear Kevin discuss the 3 rounds of checks, income phaseout ranges, and planning strategies to get yours. In some cases, you may want to file your 2020 tax return sooner and in others, you may want to wait. For many retirees, you may want to modifying your tax-smart distribution plan midyear, lowering our taxable income targets and reducing Roth conversions, to reap benefits. Continue reading

How The CARES Act Impacts You

The recently passed CARES Act provides support to Americans and companies large and small. Not so much a stimulus bill but a liquidity bill in our view, it gives a necessary backstop to the forced shut-downs required to fight the Coronavirus. The Act will help families meet their needs, pay their bills, and preserve many jobs to which they can return. Here are some of the key elements of the CARES Act that may impact you. Continue reading

How IRA Owners Are Impacted By The SECURE Act

We wrote in July 2019 that a bill known as The SECURE Act was likely to become law since it is one of the only things Congress had bipartisan support for these days. This legislation has become law as of … Continue reading

Form 1099 for 2019 Tax Year

Tax season can be a very busy time of year, and therefore we wanted to provide you the specific details regarding the Form 1099 tax reporting schedule to help you plan ahead. The schedule of delivery of tax reports is … Continue reading