Q: What is the new child credit for 2021? A: Each child will receive a $3,600 credit if under age 6 and $3,000 if age 6 to 17. Families will get advance credits in their bank accounts starting July 15th at a rate of $300 per month if the child is under age 6 or $250 per month if age 6 or older. The advance payments will total 1/2 of the child credit and the other 1/2 will be … [Read more...] about What is the new child credit for 2021? – The Oakland Press
Roth IRA
4 cash-raising pitfalls (and better options)
If you’ve got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if possible, and what to consider instead.Beware raiding a retirement planA big chunk of the money contributed to retirement plans leaks out as hardship withdrawals, … [Read more...] about 4 cash-raising pitfalls (and better options)
Retirement Legislation, Crypto: News of Interest to Financial Advisers
A roundup of the latest news and reports of interest to financial advisers.Biden’s nominee to head EBSA reflects aggressive rulemaking agenda: Lisa Gomez's career is rooted in ERISA, and her keen understanding of the law would help the DOL as it seeks to implement new rules, lawyers said in this InvestmentNews report.Congress urged to act on numerous retirement system changes: … [Read more...] about Retirement Legislation, Crypto: News of Interest to Financial Advisers
This Overlooked Expense Is Waiting to Gouge Your Retirement Savings
If asked to list your retirement expenses, you'll probably remember housing, food, transportation, and even recreation. But there's a lot more to retirement costs than just these everyday things. Irregular expenses -- those you only pay once or twice per year or every few years -- are important, too, but can easily slip through the cracks. One, in particular, can derail your … [Read more...] about This Overlooked Expense Is Waiting to Gouge Your Retirement Savings
What is the new child credit for 2021? – The Oakland Press
Q: What is the new child credit for 2021? A: Each child will receive a $3,600 credit if under age 6 and $3,000 if age 6 to 17. Families will get advance credits in their bank accounts starting July 15th at a rate of $300 per month if the child is under age 6 or $250 per month if age 6 or older. The advance payments will total 1/2 of the child credit and the other 1/2 will be … [Read more...] about What is the new child credit for 2021? – The Oakland Press