Yoshiyoshi Hirokawa | DigitalVision | Getty Images Retirees who have taken out a mandatory distribution of a pension account this year have a week to return the money. The CARES Act, the coronavirus relief bill signed into law this spring, allows people with pension accounts to skip the required minimum …
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These days, older workers and retirees are understandably worried that their retirement plans will be disrupted by the COVID-19 pandemic and the resulting economic downturn. There are concerns that pre-retirement and recent retirees may have about any economic downturn, and strategies designed to help them cope with multiple financial crises, …
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Hold on, MarketWatchers, and don’t miss these great stories: Personal finances Another 1918 flu warning for COVID-19: ‘Survival does not mean individuals fully recover’ ‘We may never know the real consequences of the 1918 mortality due to incomplete or inaccurate accounting, problems that also undermine our ability to quantify the …
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Americans with 401 (k) plans may think they have saved a lot for retirement, but a new government rule will show them exactly how much money they will see in their old age. The Department of Labor has published its interim final rule whereby managers have plans for defined contributions, …
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Democratic presidential candidate and former U.S. Vice President Joe Biden will introduce his running mate, US Senator Kamala Harris, during their first press conference together in Wilmington, Delaware, on August 12, 2020. Olivier Douliery | AFP | Getty Images Although former Vice President Joe Biden has proposed raising taxes on …
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