It’s 2020, which means that millions of Americans are resolving to do something different with their lives. I’ll let you deal with your goals around diet and exercise and instead focus on three financial to-dos for 2020.
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Congress delivered retirement savers a last minute gift: the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which after passing the House in May, was neatly tucked inside a federal government spending bill that the President will sign just before the holiday break. The changes were the biggest in more than a decade.
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If you are seeking interesting books for the holiday season, consider the following options that have stuck with me throughout the year.
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Just two days before the U.S. was set to impose another round of tariffs on China, the world’s two largest economies agreed upon a partial deal.
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Remember way back in August, when economists and investors were gnashing their teeth about a looming recession? For the last three months, economic data have mostly improved, underscored by the just-released boffo November jobs report.
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It’s that time of year, when we start to give thanks in our words, deeds and actions. While total charitable giving increased last year, when adjusted for inflation, it slipped by 1.7 percent to an estimated $427 billion.
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As Thanksgiving fast approaches, the holiday spending projections are coming out of the woodwork. Estimates range from a 3.5 to 5.5 percent increase over last year’s results, despite the fact that the 2019 holiday season is compressed.
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It’s the most wonderful time of the year, time to make money saving and headache-preventing moves before we roll into 2020.
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The IRS finally announced new limits on everything from income ranges of tax brackets to retirement plan contributions for tax year 2020. Some 60 provisions are affected, including the limits for employer based retirement plans.
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