Let’s face it–in today’s world, health insurance is a necessity. In fact, most U.S. citizens and legal residents must have qualifying health insurance or face a penalty tax. Yet the cost of medical care is soaring higher every year, and it’s becoming increasingly difficult (and in some cases, impossible) to pay medical costs out of […]
We are faced with an unprecedented time in our history. COVID-19 has impacted us in ways unforeseen. And for many, this is the first time they have found themselves without employment. Below are answers to some common questions regarding unemployment benefits. Am I eligible? Although specific eligibility requirements vary from state to state, most states […]
Fraudsters and scam artists are always looking for new ways to prey on consumers. Now they are using the same tactics to take advantage of consumers’ heightened financial and health concerns over the coronavirus pandemic. Federal, state, and local law enforcement have begun issuing warnings on the surge of coronavirus scams and how consumers can […]
In the current market environment, the value of your holdings may be fluctuating widely — and it’s natural to feel tentative about further investment. But regularly adding to an account that’s designed for a long-term goal may cushion the emotional impact of market swings. If losses are offset even in part by new savings, the […]
On March 27, 2020, Congress passed the CARES Act, the largest economic stimulus bill in the history of the United States, in response to the coronavirus pandemic.1 Included in the legislation are new rules for student loan relief that supersede the rules that were announced only a week earlier by the Department of Education. For […]
On March 11, the novel coronavirus (COVID-19) was officially declared a global pandemic by the World Health Organization, and two days later President Trump declared a national emergency.1 The unknowns surrounding a new virus make it difficult to predict the potential human and economic toll, but unprecedented steps are being taken to help slow the […]
In a volatile market, it’s easy to allow your emotions to influence your investment decisions. But if you can keep your cool while those around you are losing theirs, you may be able to take advantage of potential opportunities. One way to do that is by reviewing your portfolio to determine if it’s time to […]
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. No interest, penalties, or additions to tax will […]
We are facing unprecedented times right now with the COVID-19 pandemic. During this time of considerable uncertainty, the US government has passed the Coronavirus Aid, Relief and Economic Security (CARES) Act. The passing of this act provides much relief for Americans while impacting taxes, loans, and health insurance. At Austin Asset, we want to keep […]
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.Ω Here is what you need to know. Does the relief apply to all student loan borrowers? No, unfortunately not. Only borrowers […]