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Wednesday June 3, 2020

Caring for Minor Children
Personal Planner
"Who would take care of our children? I am not sure anyone would be willing to accept that responsibility," remarked...
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How the Coronavirus Relief Law Helps Retirement Savers and Retirees
Savvy Living
What can you tell me about the retirement account changes that Congress recently passed in response to the coronavirus crisis? The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law by President Trump in late March. Tucked inside were a series of changes that can help retirement savers. These changes can help those in need of cash, as well as help preserve the retirement savings accounts of current retirees while the stock market is down. Here is a rundown of how three provisions in the CARES Act might help you or someone you know. Hardship Withdrawals Normally, if you took money out of an employer-sponsored retirement plan or IRA before 59, you...
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Economic Impact Payment Debit Cards Mailed Soon
Washington News
The Coronavirus Aid, Relief, and Economic Security Act authorizes the IRS to send payments to approximately 160 million taxpayers. The payments are up to $1,200 for individuals and $2,400 for married couples. There is an additional $500 per qualified child. A family of four could receive a very welcome payment of $3,400. The Economic Impact Payments (EIPs) have been largely distributed. The initial EIPs were sent through direct deposit. The next group of payments was made through distribution of paper checks. The final approximately four million EIPs are being sent in plain envelopes that contain a prepaid debit card. The envelope will come from "Money Network Cardholder Services." The...
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