The prospect of being unable to work due to an illness or injury may seem remote to many of us, particularly during our younger working years. However, the COVID-19 pandemic has increased the chances of getting sick and not being able to work for an extended period, making disability income insurance (DI) more important than ever, regardless of your age.
Health insurance may pay for some of the medical expenses related to your illness, but it won’t cover your lost wages if you can’t work. And while many employers offer some form of sick leave, it may not last long enough to cover the length of time you can’t work. Disability income insurance pays a portion of your salary if you are unable to work due to an injury or illness. But will DI cover you if you can’t work due to COVID-19? Continue reading “COVID-19 and the Importance of Disability Income Insurance”
As an advisor and as a fiduciary, it is my job to keep you informed and provide solid information. I wanted to share this article from my partners, that helps shed some light on recent volatility.
Flash – October Market Volatility12 (003)
We just wanted to share our Fall Newsletter here, with our personal message. Thanks for visiting and for reading.
FallInvestment Planners 3Q20
On August 8, 2020, the president issued an executive order to allow the deferral of certain payroll taxes during the last four months of 2020, and the IRS recently provided related guidance. This has implications for both employers and employees. Here’s a brief summary of the issues. Continue reading “Temporary Payroll Tax Deferral: What You Need to Know”
Federal, state, and local governments have extended a number of deadlines amid the Coronavirus pandemic. Here are just a few of the deadlines that have been affected.
Coronavirus Affects Important Deadlines
Because the COVID-19 situation is dynamic, with new governmental measures each day, employers should consult with counsel for the latest developments and updated guidance.
By Littler Mendelson on April 26, 2020
Continue reading ” Stay on Top of “Stay At Home” – A List of Statewide Orders, as of April 26, 2020″
All RMDs have been waived for tax year 2020, meaning clients will not need to take an RMD from their retirement account for this year.
If clients have already taken all or part of their RMD within the past 60 days, they can re-contribute that amount back into their retirement account, assuming the distribution qualifies for a rollover.
For more information, reach out to the custodian or advisor of the accounts.
Financial Peace of Mind in the Age of Coronavirus
The headlines are hard to ignore. Coronavirus (COVID-19)-related cases and deaths are increasing around the globe, supply chains have been interrupted, financial markets are experiencing historic volatility, and businesses are questioning how they will weather the storm.
When it feels like so many things are out of our control, sometimes the best thing to do is focus on the things that are. Here are five questions to ask for some financial peace of mind in the age of coronavirus. Continue reading “Financial Peace of Mind in the Age of Coronavirus”