“The market has moved very far, very fast,” says the Managing Director of BlackRock, the world’s largest asset manager. It may have implications for the second half of the year. Tony DeSpirito summarizes their forecast. Are you taking full advantage of the July 15 tax deadline? Megan Gorman explains how to use the extended deadline to further fund your IRA, Roth IRA and HSA. Seniors are seeing a lot of changes to the rules for RMDs. Between those brought by the SECURE act and the CARES act, it’s hard to keep up with managing your required minimum distributions (RMDs). Jamie Hopkins clears up the confusion for Forbes.

Taking Stock: Q3 Equity Market Outlook. —  The first half of 2020 brought more market activity and angst than many full years or even decades. As BlackRock looks toward recovery from the coronavirus shock, they see equal reasons for caution and optimism on U.S. stocks. There are hopeful signs for the U.S. economy based on lessons from China and an attractive opportunity for income in equities, even amid dividend cuts. Read more…

How To Maximize The July 15th Tax Filing Deadline —  The Treasury Department and the IRS announced in March that the federal income tax filing deadline is automatically extended from April 15th, 2020 to July 15th, 2020. While this change will benefit Americans in giving them more time to file during the pandemic, it also gives an additional opportunity that taxpayers should take advantage of. Read more…

How You Can “Undo” 2020 Retirement Distributions And RMDs — Between the SECURE Act’s passage at the end of 2019 and the CARES Act’s passage amid the coronavirus pandemic in 2020, Americans might be struggling to keep all of the changes to retirement and tax laws straight. When it comes to retirement planning there have been a number of changes to how you can access money, required minimum distributions (RMDs) and IRA rollovers. Read more…

 

John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller

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