IRS to Extend April 15 Tax Deadline
Posted by Al on Mar 13, 2020 in Uncategorized | 0 comments
Due to the coronavirus, the April 15, 2020 deadline for filing federal income tax returns has been extended. While the new deadline has not been determined yet, it will be for this year only. For certain individuals and business that have been negatively impacted, tax payments will be deferred without any interest or penalties. President Trump has announced that assistance will be offered to...
Read MoreSocial Security benefits while married
Posted by Al on Mar 11, 2020 in Uncategorized | 0 comments
The Social Security decision you might regret if you’re married Social Security can be a tricky situation because there are many factors that go into Social Security that can’t necessarily be determined such as how long you will live and how long your spouse will live. Social Security gives you many options on the age that you can decide on claiming your benefits, but it can also affect the...
Read MoreWhat you may not know about retirement
Posted by Al on Feb 26, 2020 in Uncategorized | 0 comments
More than half of retirement savers don’t know this Retirement Planning can be a stressful time. A recent survey showed that more than half of the people between ages 45 and older were not sure how to invest their money in retirement and did not know how their assets were allocated. A little less than half of the people surveyed were concerned about outliving their assets. It is important while...
Read MoreThe sooner your documents are in the earlier your return will be complete!
Posted by Al on Feb 18, 2020 in Uncategorized | 0 comments
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2020 Social Security Changes
Posted by Al on Feb 17, 2020 in Uncategorized | 0 comments
Those receiving social security benefits are to see a 1.6% increase in their benefits for 2020. This is due to a cost of living adjustment by the Social Security Administration. This increase in the monthly payout will be around $24 for the average retired worker and about $20 for the average disabled worker. In order to get the 100% of their retired monthly benefit, worker’s born in 1958 will...
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