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Newsroom View

Some important deadlines for your finances have changed in 2020. Here's what you need to know.

Saturday, August 29, 2020

In most years, only a few key dates stand out for income-tax planning, and most of them are familiar to taxpayers. But deadlines and strategies have changed a bit for 2020.

The coronavirus pandemic and economic-shutting efforts to slow the virus altered the norm. The most notable example involved the Internal Revenue Service and various state tax agencies, including the Arizona Department of Revenue, switching the usual April 15 filing deadline for 2019 returns to July 15.

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Preparing for Retirement: Financial Surprises You May Not Have Anticipated

Monday, August 24, 2020

Ryan Ermey: Living in retirement comes with twists and turns, no matter when you retire. But life has been particularly chaotic for retirees of late. Former Kiplinger's editor and current retiree Janet Bodnar joins the show, to tell us how retirees can navigate turbulent times, in our main segment. On today's show, Sandy and I remind you to reverse your required minimum distributions (RMDs) before the imminent deadline.

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Ed Slott: Act Now on Historically Low Tax Rates

Tuesday, August 18, 2020

Our guest on the podcast is retirement and tax expert, Ed Slott. He is president and founder of Ed Slott and Company, which provides retirement and tax planning education to investment advisors and financial institutions. Ed has written several books including the recently published Ed Slott's Retirement Decisions Guide: 2020 Edition and Fund Your Future: A Tax-Smart Savings Plan in Your 20s and 30s.

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When Siblings Can’t Agree on What to Do With an Elderly Parent

Wednesday, July 1, 2020

My siblings and I are at odds over how to care for our mother, who is widowed and not in the best of health. She wants to continue living at home, but two of us think she needs to move to an assisted-living community. (A setting that seems problematic at best, given the coronavirus.) And if she moves, there’s no agreement about whether she should stay in the same area or move close to one of us. Any ideas about how to tackle this?

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IRS Grants Broad And Surprising Rollover Relief To All Who Took 2020 RMDs From IRAs & 401(k)s

Monday, June 22, 2020

Anybody who took a required minimum distribution from a retirement account in 2020 should take a look at new IRS guidance that says those who took a 2020 RMD can roll the money back into a retirement plan by August 31.

IRS Notice 2020-51 provides rollover relief with respect to waived RMDs, permits repayments to inherited IRAs, and includes Q&As for employers and employees navigating the 2020 RMD waivers and rollovers.

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