Insurance

The rule change is designed to have an impact in the fight against COVID-19 and applies only to donations made to charitable organizations, an expert says.

There's a great deal of help for businesses in the CARES Act and the FFCRA.

Gauging any possible changes to their health insurance coverage is just one consideration they must address before they retire.

Just as in the wake of the 2008 financial crisis, experts say there's rising interest in the products among advisors.

In some cases, workers who have received severance pay have the option of investing the money for retirement and other long-term goals.

“[By extending the tax deadline], they automatically extended the deadline to make an IRA contribution last year,” an expert says.

Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.

Many wealth management trends never caught on. This one is no passing fad, however.

Older clients who have lost a job prior to retirement are advised to first consider filing for unemployment insurance and begin making revisions to their budget.

“The advice I give is to calculate the financial impact for each option,” an expert says.