Thank you for your interest in Frostburg State University Foundation. Our hope is to serve you and your family with helpful information.
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Because of the coronavirus pandemic, I just got laid off from my job of 22 years and need to find health insurance until...
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In IR–2020–124 and IR–2020–127, the Service announced new rules to assist IRA owners who are impacted by COVID–19. The Coronavirus Aid, Relief, and Economic Security (CARES) Act offered IRA owners several benefits designed to enable them to cope with the pandemic. The CARES Act included three specific provisions to assist IRA and other qualified retirement plan owners. First, there is a waiver of required minimum distributions (RMDs) for 2020. The RMD waiver was created because IRA RMDs were calculated in December 2019 when assets were at record high values. Second, an IRA owner impacted by COVID-19 may take a distribution up to $100,000. There is no 10% penalty tax for individuals under age 59½. The IRA owner may choose to re-contribute the distribution within three years with no penalty. Alternatively, he or she may choose not to recontribute the funds...
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When children are in their 30s and 40s, they frequently are starting a new career or beginning a family. Many are still...
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• Darden Restaurants Reports Quarterly Results
• COVID-19 Cases Rise, Treasury Yields Dip
• Mortgage Rates Hold Steady