As a result of the COVID-19 pandemic, U.S.
Treasury Secretary Steve Mnuchin extended the 2019 tax filing date to July
15. As a result, it also extends the
deadline for making a 2019 contribution to your Individual Retirement Account
(IRA) or Roth IRA. You now have until July 15 to make last year’s
contributions....
The Coronavirus is changing the landscape, as we know it, in almost every part of life. Unquestionably, it’s also shaking up the financial universe and changing rules that have been etched in stone for decades, and retirement accounts are no exception.
With the Coronavirus Aid, Relief, and Economic Security Act...
By Rafael A. Perez, Esq., Partner at McArdle, Perez & Franco P.L. and Chief Compliance Officer at Alhambra Investments
Introduction: Over the past several decades of practicing real estate law I have had many clients, both domestic and foreign, ask me to apply for an extension of a like-kind exchange...
The crystal balls are coming out early this year as financial prognosticators make projections about Social Security payouts in 2021. Because of the COVID-19 pandemic and subsequent U.S. lockdown of both people and the economy, there is a growing belief that there will be little or no Social Security...
In the blink of an eye, the planet called earth forever changed because of something we’d never heard of, and a new word has been permanently added to the world lexicon—Coronavirus. Even with all the changes we know about now, caused by COVID-19, the list of changes is getting...
The IRA is a great retirement savings vehicle; money grows on a tax-deferred basis and that’s a good thing. Eventually, though, you have to pay the IRS piper when you choose to withdraw funds for retirement or when you’re forced to withdraw the Required Minimum Distribution at age 72.
Let’s...
Planning, planning, it’s all about planning when your goal is retirement. When you hang up your career, you don’t want any surprises, or at least as few as possible. In the 21st century, retirement is completely different than it’s ever been.
As a kid, I saw people retire after working...