Tag Archives: Seniors

[unable to retrieve full-text content]How seniors can manage the looming deadline for mandatory retirement withdrawals  Yahoo Finance Source link

New retirement rules in legislation signed by President Biden in December contain a handful of changes to required withdrawals from retirement accounts that score big brownie points with well-heeled seniors. The new law ramps up the age you must start withdrawing required minimum distributions, or RMDs, from individual retirement accounts (IRAs), 401(k)s, and 403 (b) plans, to 73 this year, up from 72. That requirement will leap to age 75 in 2033. Another provision eliminates RMDs from Roth… Source link

STERLING — YAHOO (Young Adults Helping Out Others) is proud to highlight the graduating high school seniors who have worked so hard to keep YAHOO going through two especially difficult years. We are so grateful to these young adults who gave their time, energy, and creativity to this program and to Sterling’s older citizens who need help with yard work each fall and spring. If you would like to learn more about YAHOO, please visit https://sterlingyahoo.org or send an email to Stuart and… Source link

More stimulus checks are on the way through direct deposit and the mail. The Internal Revenue Service and U.S. Treasury said Monday that the next batch of Economic Impact Payments will be issued this week with many coming as paper checks or prepaid debit cards. Some direct deposits began processing Friday with an official pay date of Wednesday, March 24. Additional payments are expected to be released on a weekly basis going forward, the IRS said in a news release. “The IRS continues to send… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 5, 2021 Vaccinations are having the biggest impact on airlines. As we noted on Thursday, investors are fully onboard the re-opening train. But these trades aren’t only anticipating what might happen when the masses are vaccinated and the economy is fully re-opened — they are also responding to real-time changes in data. In a note to clients published Thursday, economists at Bank of… Source link