When you file your 2020 income taxes could either boost or lower your next stimulus payment. The IRS began accepting 2020 tax returns on February 12. But waiting to file could mean a bigger third stimulus check. There are lots of good reasons to file your taxes early – you’ll get your refund faster, it
The Federal Reserve met at the end of January and issued an altered version of their statement from December, in which they said they are committed to using their full range of tools to support the U.S. economy. Chairman Jerome Powell also made statements regarding inflation and interest rates. In its latest meeting, the Federal
If you were faced with a home fire, flood or other natural disaster to your home, how would you plan for the unexpected? Below are some important tips to keep your financial records safe and accessible during and after an emergency. Be sure to save important records in a secure location, especially hard to replace
Jim Brogan joins Hallerin Hilton Hill this week and discusses the recent events on Wall Street involving GameStop and the Robinhood platform.
As of October 2020, the U.S. debt is an astronomical $27 trillion. Increased government spending during the pandemic to help struggling businesses and individuals, added trillions more to the debt. The national debt is expected to exceed the size of the entire U.S. economy in 2021 – this hasn’t happened since World War II. Could
Contributing to a 401(k) or IRA, traditional or Roth, can help to reduce your tax burden and allow you to save more money for those retirement years. Contribution amounts for 401(k)s, IRA, and other retirement accounts for workers 50 and older are higher than younger workers. The extra contribution limits allow you to save a
New Laws and changes are probably on the horizon. And with it, there is a lot of uncertainty on some key issues that could affect your retirement. Between the pandemic, and a contentious election season, we should understand the importance of being prepared for turbulent times. Whether it’s stocking up on household supplies or getting
Earlier this year, the Congressional Budget Office announced that the Social Security Trust Fund was secure until 2035. But, that was pre-pandemic. Due to the COVID-19 world and the tremendous amount of layoffs and furloughs, all of those people have not been paying Social Security payroll tax into the system.1 There has been a large reduction
It’s the time of year to think about how you express gratitude. Some people donate their time or money to a charitable organization, especially around the holidays. In 2019, Americans gave an estimated $450 billion to U.S. charities1, and this number was expected to rise in 2020 before the pandemic hit. This year, there are
