Money News You Can Use.
We believe that knowledge is power, and that’s why we created ‘Money News You Can Use’. I pick the five best articles I read each month and post them here so you can stay informed of the latest financial news and arm yourself with knowledge when preparing for retirement. I know most people don’t have time to sift through hundreds of articles to find the most relevant and helpful ones, which is why I do it for you!
This month, we will focus on financial planning in a volatile market. In February and March, we saw some major market drops. Market volatility can cause those nearing or in retirement to panic, but there are ways to prepare. Learn how a market correction is defined, how you can respond, and what you can do before the next one.
– Happy Reading
Zinnia Wealth Management Founder
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MONEY NEWS YOU CAN USE : Financial Planning in a Volatile Market
Tax Filing Deadline Extension
The due date for filing and making federal tax payments is now July 15th, as is the deadline to contribute to an IRA for the 2019 tax year. Get all the details here.
Coronavirus in Retirement Communities, Assisted Living Facilities, and Long-Term Care Facilities
If you’re living in or have a loved one living in a retirement community, assisted living facility, or long-term care facility, know how administrators are responding to the coronavirus.
Estate Planning After a Market Drop
The SECURE Act changed the rules for inherited IRAs, which might mean that you need to change your estate plan.
How Do Low Interest Rates Affect You?
The Federal Reserve cut interest rates, which are at historic low. Low interest rates can affect retirees differently than other age groups.
Bear Market vs. Market Correction
Are we experiencing a market correction or a bear market? Know the difference between the two and their history.