News

Friday October 18, 2019

IRA and 401(k) Designated Beneficiary Options
Personal Planner
Each year, IRA and 401(k)s are subject to required minimum distributions (RMDs). Because the distributions start...
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Resources to Help with Debt
Savvy Living
My husband and I, who are both 66 years old, have fallen behind on our mortgage payments and have accumulated quite a bit of credit card debt over the past few years. Where can we get help? Unfortunately, credit card and mortgage debt have become a growing problem for many older Americans who often face medical expenses on top of their mortgage and other growing costs. Here are some tips and services that can help. Credit Card Counseling To help you get a handle on your credit card debt, an accredited credit counseling agency may provide assistance. These are nonprofit agencies that offer free financial information and advice on how to handle financial problems. Depending on the...
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National Work and Family Month
Washington News
In 2003, the U.S senate passed a resolution establishing October as National Work and Family Month. To support families, the IRS published IR-2019-166. It explains the Family and Medical Leave Act (FMLA) and the employer credit for providing family paid leave. Employers with 50 or more employees generally are covered by FMLA. The basic goal of FMLA is to help employees balance their work and family responsibilities. Covered workers should give the employer 30 days notice of a birth or adoption. Employees may take up to 12 weeks of unpaid leave for the birth of a child, an adoption or to care for a close relative. The employee qualifies for normal benefits during the FMLA leave. After...
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