Coronavirus Relief Package Relaxes Rules Allowing Withdrawals from Your 401(k) – but Tapping These Funds May Be Unwise

There’s no doubt about it: $2 trillion is a lot of money. We’re just beginning to get a clearer picture of the details buried in the massive stimulus package passed by both houses of Congress and signed into law last week by President Trump.  The unprecedented bill, passed in record time in response to the…

Attention Veterans: Big Changes to VA Pension Rules will “Change VA Planning Drastically,” Experts Predict

New rules just put forth by the Department of Veterans Affairs (the VA) will make dramatic changes to the Veterans Pension, a tax-free benefit paid to low-income vets who served during a designated period of war. Some planners were surprised by the change, concerned that the new VA rules, which were published September 18th and…

Tax Law Brings Seniors Some Good News: Higher Medical Deductions

We discovered this article just a few days ago on the website of USAToday, and it represents a bit of unexpected good news for seniors in the tax reform package recently passed on Capitol Hill and signed by President Trump.  According to finance columnist Susan Tompor, “Some retirees are grumbling that young families are getting…