Kaizen Capsules

U.S. Markets

Stock prices rallied in July as further development of a COVID-19 vaccine and better-than-expected corporate financial reports encouraged investors.

In an effort to minimize the economic fallout of the COVID-19 pandemic, the government is not requiring you to take an RMD from your IRA or inherited IRA accounts this year. For those who took RMD earlier in the year, the IRS is now allowing you to repay that RMD back into your IRA. This allows additional time for investments to grow tax deferred.

The coronavirus pandemic has shown a spotlight on healthcare for the elderly, who are the most prone to dying from the disease.  And that, in turn, has brought renewed attention to what may be the most overlooked part of a person’s (elderly or not) estate plan: the advance directives.

Q2 Quarterly Recap

Are you or someone you know currently making federal student loan payments? In light of the

COVID-19 pandemic, some welcome relief has been implemented for federal student loan payments.  

Don’t forget taxpayers have until July 15^th to file their 1040 form and July 15^th is the deadline to pay any federal taxes owed for 2019.

Whether you want to leave work at 62, 67, or 72, claiming the retirement benefits you are entitled to by federal law is no casual decision. You will want to consider a few key factors first.

YOU MIGHT SPEND LESS – LATER IN RETIREMENT

A 2019 whitepaper by the Employee Benefit Research Institute (EBRI) indicates that Americans tend to spend less as they age.