Roth IRAs can be a powerful tax tool, but they are often misunderstood and misused. Investment income in Roth IRAs compound tax-free and most distributions are tax-free as well. Another benefit is that there are no required minimum distributions (RMDs) throughout the original owner’s life. Long-term Roth distributions are tax-free to the beneficiaries who inherit the IRA as long as … Read more
Category: Tip of the Month
COVID-19 Vaccine Rollout: Where We Are So Far
While the pandemic is not over, we do have some good news. There are vaccines and they will be available soon. Here’s where we are in terms of an overall plan and where states are with distributing the vaccines.
Operation Warp Speed
The current administration has already purchased hundreds of millions of doses of several vaccine candidates. Two of them … Read more
Why Gratitude is Important During a Pandemic
We’re living in unprecedented, challenging times. If you’re feeling stressed and scared, you’re not alone. However, there is a way to navigate through all of this uncertainty: gratitude. Studies have shown that keeping in mind the things you’re grateful for on a regular basis not only helps you mentally, but also physically, which is something we all need these days.… Read more
Affordable Lunches for Kids Learning at Home
Due to the uncertainty of COVID-19, many schools across America have transitioned to at-home learning. This alone presents a whole new set of challenges for parents, not the least of which is figuring out what to feed your kids for lunch – every single day of the week. While peanut butter and jelly is a reliable standby, here are some … Read more
Five Ways to Manage Back-to-School Stress
If you’re anxious about sending your children back to school, you’re not alone. In fact, a recent poll from ABC News/Ipsos showed that 45 percent of parents don’t want their kids in the classroom at all. But whether your kids are in school or learning at home, there’s still plenty of worry to go around. How do you cope? Here … Read more
If you’re anxious about sending your children back to school, you’re not alone. In fact, a recent poll from Help for People Struggling to Pay Bills
The impact of COVID-19 has caused many Americans to suffer hardships, one of which is struggling to make ends meet. But take heart; there are solutions. Here are a few areas in which creditors are working with people to alleviate some of the stress.
Mortgages
Fortunately, the Coronavirus Aid, Relief, and Economic Security Act, allows for mortgage forbearance, which … Read more
Best Part-Time Jobs During Corona
Even though unemployment is still relatively high, there are still some great part-time jobs you can do that will help cover basic expenses. Here’s a list of the industries that are hiring right now:
Paid Survey Participant
If you like to share your opinions (and who doesn’t), this job is perfect for you. Companies are always looking for consumer opinions … Read more
How to Stay Productive When Working from Home
Due to the unprecedented effects of COVID-19, the line between our professional and personal lives has blurred. Trying to take care of job responsibilities from home requires new ways of navigating. Here are a few ideas to help you become more productive while working at home – and stay grounded in these uncertain times.
Due to the unprecedented effects of COVID-19, the line between our professional and personal lives has blurred. Trying to take care of job responsibilities from home requires new ways of navigating. Here are a few ideas to help you become more productive while working at home – and stay grounded in these uncertain times.Dress for Work
As tempting as … Read more
Six Industries Hiring During the Shutdown
During the government shutdown as a result of COVID-19, sadly, millions have lost their jobs. However, there is a silver lining: there are some industries that, because of the shutdown, are actually hiring. Here are a few leads to help those who might have been affected.
Shipping and Delivery
This industry is hiring at what seems like warp speed. It’s … Read more
6 Financial Tips for an Emergency
The effect of the coronavirus on our lives is unprecedented. While we’re all sheltering in place while trying to manage our daily tasks, it’s undoubtedly taking a toll on us mentally, physically and financially. Here are some tips to help you weather this storm of economic uncertainty.
The effect of the coronavirus on our lives is unprecedented. While we’re all sheltering in place while trying to manage our daily tasks, it’s undoubtedly taking a toll on us mentally, physically and financially. Here are some tips to help you weather this storm of economic uncertainty.Get Started on Being Liquid
Experts suggest having three to six months of … Read more