Madrid Retirement Advisors

06/25/2020

New updates to the CARES Act empowers the IRS to expand the list of qualified individuals. For many people the most important additions to the list are that more of the effects of the pandemic on a spouse or member of the household are examined to determine if an individual was adversely-affected.

The IRS expanded the already-generous treatment of retirement plan loans and distributions taken to ease the effects of the pandemic.

06/23/2020

No one can stop the DREAM but, reason #7 almost got me...Who still wants an RV in retirement?

RV-loving retirees talk about the downsides of spending retirement in a motorhome, travel trailer, fifth wheel or other recreational vehicle.

06/19/2020

Learn why tax advisors say you can reduce your tax bill by 30% to 40% in this unprecedented time...

Tax advisors say you can reduce your tax bill by 30% to 40% in this unprecedented time.

06/17/2020

Next time you have a difficult task on your to-do list "Harness the suck," find your motivation through embracing the difficulty.

The next time you find yourself staring down a difficult, time-consuming or boring task, don’t tell yourself that you’ll do it later. Tell yourself that it’s going to be difficult, time-consuming and boring. Acknowledge that you’re going to hate every minute of it. Let yourself accept that i...

06/12/2020

After a euphoric rise from the March 23 bottom, are stocks finally returning to rational behavior?

After a euphoric rise from the March 23 bottom, are stocks finally returning to rational behavior? Are we about to experience another substantial decline?

06/10/2020

Kiplingler's 5 financial rules that you may want to bend—or ignore.

We found five rules that you may want to bend—or ignore.

06/04/2020

Vanguard’s 2019 How America Saves report shows that 13% of 401(k) savers have an outstanding loan. If you are in that 13% and get laid off an unexpected tax bill could be on the way...

If you hit the unemployment line with a 401(k) loan in tow, be aware of the rules that apply to the unpaid amount. It could result in an unexpected tax bill.

05/26/2020

Happy 124th Birthday to the Dow Jones! When the Dow was first created back in 1896 it consisted of just 12 industrial stocks (mainly railroad companies) but as of late we use the Dow as a barometer of the nation's economy as we move through the Coronavirus pandemic.

05/21/2020

The Holding Foreign Companies Accountable Act (HFCAA) was passed in the Senate this past Wednesday, if passed in the house and signed by the President we can expect some drastic changes to our exchanges even rippling down to Americans retirement funds. Read more to find out:

The ripples are already being felt in the markets after landmark legislation was approved by the Senate.

05/20/2020

Stress is something that's apart of everyones life, and during these times it can feel more prevalent than ever. Use these helpful tips to help manage your day-to-day stress.

Whether it’s related to work, your personal life or finances, stress is a part of everyday life.

05/15/2020

With many companies starting to implement layoffs and voluntary retirement offers, the consideration for early retirement in the workforce is higher than ever. Here's the 5 things you need to know:

Before you accept a buyout, do the math to see if you really can afford to retire. (We'll show you how.) Then follow up with these tried-and-true strategies to make sure your launch into retirement isn't a false start.

05/13/2020

The $2 Trillion stimulus package labeled as the CARES Act does more than just put money in to the pockets of many working Americans, retirees and anyone with a retirement account will be affected as well. Take a read into the new rules on your own accounts.

5 Ways The CARES Act Impacts Retirement Planning