The New Capital Journal
Financial news, views, advice, and guidance.
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What Will You Pay for Medicare in 2021?
Medicare premiums, deductibles, and coinsurance amounts change annually. Here's a look at some of the costs that will apply in 2021 if you're enrolled in Original Medicare Part A and Part B.
New College Cost Data for 2020-2021 School Year
The College Board publishes average cost figures, which are based on a survey of approximately 4,000 colleges across the country.
Plan Sponsors: Coronavirus Relief Measures
In late June, the IRS released notices which clarify many of the details for both retirement plan participants and sponsors.
IRS Clarifies COVID-19 Relief Measures for Retirement Savers
The CARES Act passed in March 2020 ushered in several measures designed to help IRA and retirement plan account holders, but left questions about the details unanswered. In late June, the IRS released Notices 2020-50 and 2020-51, which shed light on these outstanding issues.
IRS Outlines Changes to Health-Care Spending Rules Under CARES Act
The amended rules under the CARES Act provide flexibility for health-care spending related to the ongoing COVID-19 pandemic.
The Shape of Economic Recovery
On June 8, 2020, the National Bureau of Economic Research (NBER) announced that February 2020 marked the end of an expansion that began in 2009 and the beginning of a recession.
July 15 Due Date Approaches for Federal Income Tax Returns and Payments
The due date for federal income tax returns and payments is Wednesday, July 15, 2020.
Social Security and Medicare Face Financial Challenges
The newest Social Security and Medicare reports to Congress, released on April 22, 2020, discuss the current financial condition and ongoing financial challenges that both programs face, and project a Social Security cost-of-living adjustment for 2021.
U.S. Government Sends Millions of Economic Impact Payments by Prepaid Debit Card
The Economic Impact Payment Card (EIP Card) arrives in a plain envelope from Money Network Cardholder Services, along with card information and instructions for its activation.
2019 IRA Contribution Deadline Has Been Extended
Due to the coronavirus tax filing extension, there's still time to make a regular IRA contribution for 2019.
Retiree Confidence Drops in 2020, As Some Workers Worry
The Retirement Confidence Survey conducted each year by the Employee Benefit Research Institute (EBRI) took a slightly different tack in 2020.
Coronavirus Affects Federal, State, and Local Deadlines
Federal, state, and local governments have extended a number of deadlines amid the coronavirus pandemic.
Too Much Oil with Nowhere to Go
The dramatic plunge below zero highlighted a fundamental problem for the oil industry in the face of evaporating demand due to COVID-19.
Small Businesses Eligible for Numerous Relief Programs During COVID-19 Crisis
Congress has passed several pieces of legislation with provisions to help small businesses shore up their coffers and keep employees on the payroll.
CARES Act: Retirement Plan Relief Provisions
The CARES Act includes provisions for retirement plan relief for individuals under federal tax law.
Government Acts to Blunt Financial Impact of Global Pandemic
With lives and livelihoods at risk, the Federal Reserve, state governments, and the federal government have responded with a full slate of emergency measures.
CARES Act Provides Relief to Individuals and Businesses
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law.
Coping with Market Volatility: Avoid Rash Decisions
A volatile market isn't the best time to do a complete makeover of your portfolio, especially if you have long-term financial goals you're trying to address.
Due Date for Federal Income Tax Returns and Payments Postponed to July 15
Due to the coronavirus pandemic, the due date for filing federal income tax returns and making tax payments has been postponed by the IRS from Wednesday, April 15, 2020, to Wednesday, July 15, 2020.
Federal Student Loan Borrowers Get Some Relief Due to COVID-19
On March 20, 2020, the Department of Education announced terms for student loan relief for tens of millions of borrowers in response to COVID-19.