The CARES Act Consumer Overview

The CARES Act Consumer Overview As the United States faces the COVID-19 pandemic and business comes to a standstill, the federal government responded with tax-filing relief and a massive stimulus package. Both actions include details that may impact your retirement accounts. Here is what you need to know: 2019 IRA and Roth IRA Contribution Deadline […]

Rattled By Markets, You’re Not Alone.

Rattled By Markets, You’re Not Alone. We witnessed extraordinary moves in the financial markets the week of Monday, March 9. The Dow Industrials has shaved several thousands of points, as Coronavirus fears continued to worry investors. At the same time, oil prices lost nearly 25 percent, on news that Saudi Arabia was dropping crude oil […]

Tax Considerations for Retirees

Tax Considerations for Retirees by Erik Brenner on Mar 6, 2020 Are you aware of these potential tax breaks and tax-saving opportunities? Provided by Erik Brenner, CEO – Hilltop Wealth Solutions The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive. At age 65, the Internal […]

Health Care Costs Cutting into Retirement Preparations

Health Care Costs Cutting into Retirement Preparations by Erik Brenner on Mar 6, 2020 This is happening in subtle and not-so-subtle ways. Provided by Erik Brenner – Hilltop Wealth Solutions You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in health care expenses […]

5 Highlights of the New Stimulus Package

Smart Advice. Simply. Clearly. 5 Highlights of the New Stimulus PackageWhat the latest round of funding may mean for you. Provided by Hilltop Wealth Solutions After a bit of political posturing in December, the $900 billion Consolidated Appropriations Act of 2021 (2021 CAA) was signed into law by President Trump as the COVID-19 pandemic continues […]

Coronavirus Vaccines and the Economy

Smart Advice. Simply. Clearly. Coronavirus Vaccines and the Economy Hopeful markets react. Provided by Hilltop Wealth Solutions As the United States sees a rise in cases of COVID-19 across the nation, news of two promising vaccines out of hundreds being tested has offered a ray of hope for a fatigued world.1 A positive reaction to […]

Election 2020 – a nail-biter

Smart Advice. Simply. Clearly. Election 2020 – a nail-biter Provided by Hilltop Wealth Solutions For the nation, 2020 has been one of the most difficult years in memory. We are grappling with Covid and its fallout, economic upheaval, racial tensions, wildfires, hurricanes, a presidential election, and a polarized electorate. Despite this year’s difficulties, a strong […]

The Social Security Administration Announces 2021 COLA

Smart Advice. Simply. Clearly. The Social Security Administration Announces 2021 COLA What you should know about the most recent cost-of-living adjustment. Provided by Hilltop Wealth Solutions On October 13, 2020, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 1.3 percent cost-of-living adjustment (COLA) for 2021. This adjustment will begin […]

2021 Limits for IRAs, 401(k)s and More

Smart Advice. Simply. Clearly. 2021 Limits for IRAs, 401(k)s and More Numbers to know for the new year. Provided by Hilltop Wealth Solutions On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. 401(k)s. The […]