Dear Oakley, I am a caregiver for my aunt who has dementia, and who is also a veteran. I used to work part-time in addition to caregiving, but lost my job during the COVID-19 pandemic. Do you know of any extra financial assistance programs during this time? Thanks for your help! Keir Giver — Dear […]
Understanding the Changing RMD Landscape in 2020
Q. I understand that the rules for Required Minimum Distributions (RMDs) from workplace retirement plans and individual retirement accounts have changed this year due to the SECURE Act earlier in the year and the recently enacted CARES Act. This brings several questions to mind. For instance, should I take advantage of the 2020 RMD waiver? […]
How the CARES Act Helps Older Adults
Q. My husband owns a small business and recently the Paycheck Protection Program (PPP) established by the CARES Act helped provide his business with funds to pay 10 weeks of payroll costs. This act pretty much saved his business. I also heard that through the CARES Act, nearly a billion dollars is going towards senior […]