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June 5, 2020
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Retirement planning

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The IRS is giving you more time to invest in this new tax-advantaged strategy

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Investors who were sitting on the sidelines during coronavirus will get some more time to partake in a new tax play. Qualified opportunity funds were created by the Tax Cuts and Jobs Act of 2017. They offer taxpayers an incentive to invest capital gains they incur elsewhere into economically distressed......
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How veterans can offset the Covid financial hit that’s threatening their retirement

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CNBC – For more and to sign up click here The coronavirus has thrown many Americans the equivalent of a stomach-churning financial curveball. In a matter of weeks, unemployment rose to historic highs and the stock market cratered, only to rise steadily again. By some aspects the ride has been......
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Without the coronavirus pandemic, these jobs probably wouldn’t have existed

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CNBC – For more and to sign up click here Workers who can do their jobs from home are being forced to do so by the coronavirus, and many of these workers feel fortunate, even if they feel that they are working harder. Miguel Pereira | Getty Images As the......
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Here’s how retirement communities are adapting to a post-Covid 19 world

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Gary John Norman | Getty Images At the private retirement community where 90-year-old Lee lives in Charlottesville, Virginia, the last scheduled social event was a Valentine’s Day dance in February.  A few weeks later, as the coronavirus pandemic took hold in the U.S., the Centers for Disease Control and Prevention......
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Thinking of taking money from your 401(k)? Check out this scary math first

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CNBC – For more and to sign up click here Never has the money sitting in your 401(k) retirement savings plan looked so enticing.  Thanks to the CARES Act stimulus package Congress passed in March, if you’ve been negatively impacted by the coronavirus pandemic, you can pull up to $100,000 from your retirement......
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14% of Americans with retirement savings, both working and unemployed, have already tapped into those funds

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CNBC – For more and to sign up click here Whether unemployed or still working, many Americans are looking for extra funds during the coronavirus pandemic. About 14% of those with retirement savings have taken money from accounts such as 401(k)s and individual retirement accounts to meet that need. Another......
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Pandemic will drive major changes to the nursing home industry

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CNBC – For more and to sign up click here Lillian Johnson, 77, pictured outside her East Meadow, New York, nursing home. Because of Covid-19 restrictions, her son was unable to visit her for two months. Lamont Johnson Lamont Johnson lives just about two miles from his mother’s nursing home......
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How much you can expect to get from Social Security if you make between $30,000 and $100,000

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CNBC – For more and to sign up click here The average Social Security check in 2020 is $1,503.  Figuring out how much you can expect every month when you retire depends on a few factors.  The size of your payment will be based on your income from your working......
CNBC - Real Estate

For millions of Americans, the coronavirus pandemic will make retiring harder

CNBC Real Estate
Labor economist Teresa Ghilarducci began studying retirement in 2008, when the Great Recession was making it impossible for millions of Americans to retire. “The phenomenon of Granny working in McDonald’s really started to ramp up,” said Ghilarducci, who leads the Retirement Equity Lab at The New School in New York.  Yet, as......
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White House directs federal pension fund to halt investments in Chinese stocks

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CNBC – For more and to sign up click here Chinese President Xi Jinping chats with President Donald Trump during a welcome ceremony in Beijing on Nov. 9, 2017. AP Photo | Andy Wong President Donald Trump and the U.S. Labor Department on Monday directed a board charged with overseeing......
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She applied for unemployment more than 50 days ago. She’s still waiting

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CNBC – For more and to sign up click here Sandi Bachom Source: Donna Aceto Eight weeks after Sandi Bachom applied for unemployment benefits in New York, she’s still waiting for a check.  The 75-year-old video journalist’s income has dried up, thanks to the coronavirus pandemic, which has prevented her from......
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Seniors turn to reverse mortgages as a cash lifeline during the coronavirus crisis

CNBC Real Estate
MoMo Productions | Stone | Getty Images With coronavirus shutdowns wreaking havoc on the global economy, investment portfolios are also getting battered. The S&P 500 is down more than 10% since the start of the year.  While that’s unpleasant for most investors, it’s especially devastating for retirees who count on their......
CNBC - Real Estate

Op-Ed: It’s not time to panic, it’s time to plan your finances during coronavirus pandemic

CNBC Real Estate
Prior to the Covid-19 pandemic, an astounding 53% of the American population felt anxious about personal finances. Undoubtedly, that percentage has grown significantly, with more than 26 million Americans becoming unemployed since then. The statistics are alarming, but it is not time to panic — it’s time to plan. Although......

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