The Medicare Open Enrollment Period is the time during which Medicare beneficiaries can make new choices and pick plans that work best for them. The open enrollment period is your opportunity to switch Medicare health and prescription drug plans to better suit your needs.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. This $2 trillion emergency relief package represents a bipartisan effort to assist both individuals and businesses in the ongoing coronavirus pandemic and accompanying economic crisis. The CARES Act provisions for retirement plan relief for individuals under federal tax law are discussed here.
With the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to mind. The tax benefits associated with charitable giving could potentially enhance your ability to give and should be considered as part of your year-end tax planning.
Continuing our series of getting up close and personal with the McKay Wealth team members, this month’s spotlight is on Jim McKay. As Jim is one of the founding members of the firm, you (and us) may think we know all about him. But even we learned some new information about Jim from his interview!
t’s not difficult to understand why Americans are considering or pursuing early retirement. During the past few months, many have become comfortable at home. . It’s possible companies, which are offering early retirement packages to reduce overhead, also contribute to the decision.
For many Americans, Social Security benefits are the bedrock of retirement income. Maximizing that stream of income is critical to funding your retirement dreams. The rules for claiming your Social Security benefits can be complex. By educating yourself about Social Security, you can learn how to claim the maximum amount to which you are entitled.
