Provided by Pamela J. Sams, CRPC©, BFA™ and NABBW’s Retirement Planning Associate Are you one of the many retirement account holders who took a mandatory distribution this year? If so, you may be able to manage the taxes associated with Required Minimum Distributions (RMDs) from traditional IRAs and 401(k)s. There are some essential details to keep in mind, however. Here’s what you need to know. Don’t forget the withholding Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, those who hold certain retirement accounts can bypass the required minimum distributions... Read More

If you’ve been wondering about the cost of being tested for COVID-19, here’s a letter from the Centers for Medicare and Medicaid Services which spells out what is covered under the recent CARES Act: By Seema Verma, Administrator, U.S. Centers for Medicare & Medicaid Services If you have Medicare and want to be tested for coronavirus disease 2019 (COVID-19), the Trump Administration has good news. Medicare covers tests with no out-of-pocket costs. You can get tested in your home, doctor’s office, a local pharmacy or hospital, a nursing home, or a drive-through site. Medicare... Read More