Personal Finance

Sam Seagraves Source: Sam Seagraves Almost all of the money Sam Seagraves used to make as an actor in Portland, Oregon, went toward her monthly student loan bill of $1,083.  Then the coronavirus pandemic hit. With many production companies postponing or cancelling operations, Seagraves hasn’t been hired for a role since March. The CARES Act granted
0 Comments
Student loan borrowers could see big changes over the next few months. pcess609 Former Vice President Joe Biden made an announcement in April that was mostly drowned out by more and more alarming developments of the coronavirus pandemic: As president, he would forgive undergraduate federal student loan debt picked up at public colleges for those
0 Comments
ljubaphoto Travel insurer Seven Corners has started two new products  tailored to vacations in the age of coronavirus: one policy specifically covers medical expenses incurred due to Covid-19 infection while traveling overseas, and another helps motorists as road trips replace flights and cruises as the preferred means of summer and fall travel. “Travel trends, in general,
0 Comments
More people will be eligible to take a $100,000 coronavirus-related distribution from their retirement account. The IRS released guidance on Friday which details new rules for individuals affected by Covid-19 to take a withdrawal from a 401(k) plan or an individual retirement account. The CARES Act allows savers to take coronavirus-related distributions – emergency withdrawals
0 Comments
Oliver Rossi If you inherited an IRA, think before you take that tax-favored $100,000 distribution.  That’s because the relief the CARES Act offers investors who have individual retirement accounts and 401(k) retirement plans isn’t as generous to those who inherit these accounts, according to the American Institute of CPAs. The CARES Act provides several options
0 Comments
Jason Stitt | Getty Images Millions of Americans put a second round of $1,200 stimulus checks on their wish lists. But Congress has yet to decide exactly what the next version of coronavirus stimulus legislation will look like. If House Democrats have their way, a second batch of checks would be deployed to qualifying Americans.
0 Comments
Yellow Dog Productions The U.S. economy is restarting and millions of unemployed Americans are returning to work.    Yet that positive trajectory may not last. Many newly employed Americans could be furloughed or laid off again. Officials in areas like New York have discussed renewed lockdown measures as citizens flaunt social distancing rules. Houston may
0 Comments
Jay Clayton, chairman of the Securities and Exchange Commission, warned Wednesday about the risks of tapping 401(k) retirement money and using it for riskier investments during the coronavirus pandemic.  As part of the CARES Act,  Congress approved a change to let people withdraw up to $100,000 from their 401(k) or IRA accounts this year without having to
0 Comments
rudi_suardi For the most part, Americans spent very little during the pandemic — up until now. On Tuesday, May retail sales shattered expectations, jumping 17.7% in the biggest monthly surge ever. President Donald Trump was quick to post on the news.  Nearly half of all consumers had said they were saving more during the coronavirus crisis by
0 Comments
Karen Ducey | Getty Images So you’ve enrolled in Medicare and have determined that a supplement plan — aka, “Medigap” — is an appropriate add-on for you.  There may be more decisions to make. While Medigap policies are standardized regardless of which insurance company sells them and where you live, the premiums can vary from
0 Comments