News

Friday August 14, 2020

Planning for Senior Care
Personal Planner
Planning for retirement and senior care is very important. The activities of daily living for a senior person include...
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Financial Help for Retirees Affected by COVID-19
Savvy Living
Are there any financial assistance programs you can refer me to? The coronavirus pandemic has cost me my part-time retirement job and has shrunk my IRA. In addition to the $1,200 federal coronavirus stimulus checks that were distributed in April and May, there are many other financial-assistance programs (both public and private) that can help struggling retirees. These programs can also give relief to family members who help provide financial support for their loved ones. To find out what types of financial benefits you may be eligible for, visit BenefitsCheckUp.org, a free and confidential website designed for adults 55 and older and their families. The website can help you locate...
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IRS to Distribute $500 Dependent Stimulus Payments
Washington News
The IRS has announced that it will begin to distribute $500 Economic Impact Payments (EIPs) to approximately 365,000 individuals. These individuals are Non-Filers who registered prior to May 17, but did not receive $500 dependent EIPs due to an IRS software problem. IRS Commissioner Charles Rettig testified before the Senate Finance Committee on June 30. He stated that an IRS software problem caused the failure to make the $500 dependent payment to the 365,000 individuals. The Stimulus Payment FAQ on IRS.gov has a series of questions designed to help Non–Filers. FAQ 49 explains that Non–Filers who are not required to file an income tax return and do not receive Social...
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