The CARES Act stimulus package substantially relaxed the rules around certain retirement account loan and distribution requirements, but with much confusion. As a result, the IRS recently put out a FAQ document to address the COVID-19 rule relaxation around IRA and 401(k) loans and distributions. This important information should come as welcome news for the [...]
Coronavirus Aid, Relief and Economic Security Act (HR 748) – This legislation provided $2 trillion of stimulus relief in response to the coronavirus crisis. Provisions of the bill include:$1,200 for each American making up to $75,000 a yearAdditional $600 a week in unemployment benefits for up to four months$100 billion available for hospitals and health [...]
Since the escalation of COVID-19 cases, malicious activity from cybercriminals is also on the rise.Hackers are taking advantage of the coronavirus fear to carry out attacks. This is done by creating websites that claim to have cures for the virus or by spreading emails that contain links to malware.Consider this research by Check Point, where [...]
During the government shutdown as a result of COVID-19, sadly, millions have lost their jobs. However, there is a silver lining: there are some industries that, because of the shutdown, are actually hiring. Here are a few leads to help those who might have been affected.Shipping and DeliveryThis industry is hiring at what seems like [...]
The third decade of the 21st century started out with a vigorous economy, record low unemployment levels, and benign inflation. But late in the first quarter over the span of two weeks, investors faced the fastest stock market correction in history.With an unpredictable assailant like a global virus, short-term actions by Congress and the Federal [...]