Financial Intel Monthly

High-Frequency Indicators: Where to Look for Signs of Recovery

Apr 8, 2021 3:16:18 PM / by The Retirement Group (800) 900-5867 posted in market, signs, High Frequency

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Quarterly Market Review: January-March 2021

Apr 7, 2021 11:46:40 AM / by The Retirement Group (800) 900-5867 posted in Quarterly Update, 2021, Market Review

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Up-To-Date Market Week

Apr 5, 2021 9:35:10 AM / by The Retirement Group (800) 900-5867 posted in CAM Annuity, ERB, ESRO, Financial Planning, In Service Withdrawal, Lump Sum, Option 1 Withdrawal, Pension, Pension Options, Retirement, Retirement Planning, 401K, 72t, Age Penalties, Benefit Commencement Date, Workshops, TRG, Market week

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U.S. Credit-Card Debt Levels See Record Drop in 2020

Apr 2, 2021 7:50:32 AM / by The Retirement Group (800) 900-5867 posted in debt, 2020, record drop, United States

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Despite the financial challenges experienced by Americans as a result of the coronavirus pandemic, U.S. credit-card debt dropped to record levels in 2020, decreasing by almost $83 billion.[1] This unprecedented drop was likely the result of individuals receiving financial assistance through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and having access to more cash. Economic aid in the form of stimulus payments, suspended student loan payments, and broad state-sponsored unemployment benefits, allowed Americans to pay down their balances.[2] In fact, according to a U.S. Census Bureau survey, almost 60% of adults in households that experienced a loss in employment income during the pandemic used their second stimulus check to pay down debt.[3]
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Chevron Lump-Sums Decrease as Interest Rates Rise

Mar 25, 2021 1:55:33 PM / by Wesley Boudreaux of The Retirement Group (800) 900-5867 posted in Chevron, Pension, Pension Options, interest rates, Chevron Pension, 2021

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Due Date for Federal Income Tax Returns and Payments Postponed to May 17

Mar 25, 2021 9:06:54 AM / by The Retirement Group (800) 900-5867 posted in CAM Annuity, Financial Planning, In Service Withdrawal, Lump Sum, Pension, Pension Options, Retirement, Retirement Planning, 401K, 72t, Age Penalties, Benefit Commencement Date, Workshops, TRG, Tax Return

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American Rescue Plan Act Provides Relief to Individuals and Business

Mar 16, 2021 11:38:05 AM / by The Retirement Group (800) 900-5867 posted in 2021, American Rescue Plan Act of 2021, Relief, Stimulus Bill

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On Thursday, March 11, 2021, the American Rescue Plan Act of 2021 (ARPA 2021) was signed into law. This is a $1.9 trillion emergency relief package that includes payments to individuals and funding for federal programs, vaccines and testing, state and local governments, and schools. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, including some tax provisions.

Recovery rebates (stimulus checks)
Many individuals will receive another direct payment from the federal government. Technically a 2021 refundable income tax credit, the rebate amount will be calculated based on 2019 tax returns filed (or on 2020 tax returns if filed and processed by the IRS at the time of determination) and sent automatically via check, direct deposit, or debit card to qualifying individuals. To qualify for a payment, individuals generally must have a Social Security number and must not qualify as the dependent of another individual.

The amount of the recovery rebate is $1,400 ($2,800 if married filing a joint return) plus $1,400 for each dependent. Recovery rebates start to phase out for those with an adjusted gross income (AGI) exceeding $75,000 ($150,000 if married filing a joint return, $112,500 for those filing as head of household). Recovery rebates are completely phased out for those with an AGI of $80,000 ($160,000 if married filing a joint return, $120,000 for those filing as head of household).

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Social Security for Divorcees

Mar 10, 2021 12:45:00 PM / by The Retirement Group posted in CAM Annuity, Chevron, ERB, ESRO, ExxonMobil, Financial Planning, Hewitt, In Service Withdrawal, Lump Sum, Northrop Grumman, Option 1 Withdrawal, Pension, Pension Options, Retirement, Retirement Planning, Verizon, 401K, 72t, Age Penalties, Benefit Commencement Date, Workshops, TRG

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Exploring New Ways to Make Money

Mar 10, 2021 9:30:00 AM / by The Retirement Group posted in CAM Annuity, Chevron, ERB, ESRO, ExxonMobil, Financial Planning, Hewitt, In Service Withdrawal, Lump Sum, Northrop Grumman, Option 1 Withdrawal, Pension, Pension Options, Retirement, Retirement Planning, Verizon, 401K, 72t, Age Penalties, Benefit Commencement Date, Workshops, TRG

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AT&T Benefits

Mar 9, 2021 3:45:00 PM / by The Retirement Group posted in CAM Annuity, Chevron, ERB, ESRO, ExxonMobil, Financial Planning, Hewitt, In Service Withdrawal, Lump Sum, Northrop Grumman, Option 1 Withdrawal, Pension, Pension Options, Retirement, Retirement Planning, Verizon, 401K, 72t, Age Penalties, Benefit Commencement Date, Workshops, TRG

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