Season 3

Where’s my stimulus check?

Episode Notes

If you and your spouse or partner make less than $150,000 (if filing jointly) or $75,000 (if filing as individuals), you should have received an economic stimulus payment ($2,400 for couples, $1,200 for individuals) that was part of last year’s COVID-19 relief legislation. In January of 2021, you should also have received an additional payment ($600 for individuals/$1,200 for couples) as part of the new relief legislation passed in December.

If you didn’t receive your payment, you have several options. The IRS Get My Payment tool will tell you whether the IRS sent you these payments and in what form–a check, a debit card, or a direct deposit to your bank. If the IRS says it’s sending your second payment as a check, you can see when it’s being sent using the U.S. Post Office’s Informed Delivery service, which will provide you with digital images of the exterior, address side of all mail sent to you.

If you never received your payments, there may be several reasons. A check or debit card may have been set to an outdated or wrong address. Or, if in the past you filed your tax return electronically and used a now-closed bank account for online payment or refund transactions, the IRS may have tried to deposit your checks to that account and failed.

If these or other situations left you without stimulus payments or the full amount you were entitled to, hope is not lost. You can claim a tax credit for these amounts on your 2020 Form 1040 or 1040-SR. These tax forms will include a Recovery Rebate worksheet you can use to determine how much of a tax credit you’re eligible for. You’ll enter the amount on line 30. Even if your income level doesn’t require you to fill a 2020 federal tax return, file it anyway if only to claim the stimulus amount you deserve.

For further research:

Terrysavage.com, Get the Original Stimulus AND the New One!

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Season 7
Why Women are Leading Sustainable Investing

Show Episode Notes

In this episode, Pam, Terry and Richard discuss the pros and cons of socially responsible investing, whose increasing popularity is being driven mainly by women. In particular, they examine whether women sacrifice returns by investing in stocks or ESG funds that align with their personal values. The answer may surprise you.

For further research:

Janine Firpo, Activate Your Money: Invest to Grow Your Wealth and Build a Better World

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5 Tips for 401(k) Rollovers

Show Episode Notes

Directly rolling over a 401(k) plan to an IRA with a custodian like Fidelity, Schwab or Vanguard is something most people should do as soon as possible after they retire. Why? Because most 401(k) plan investment options are designed for people saving for retirement, rather than for those who need their nest egg to generate income to help pay for everyday expenses. Rollover IRAs offer access to a wider variety of investment options, many of which may have lower expenses than the funds in your 401(k) account. But since you may need money in your IRA to last 20 years or more, you may not feel confident making your own investment decisions. A low-cost robo-advisor can automatically invest your rollover IRA money but won’t be able to answer your questions or address your concerns. That’s why it may be worth paying more for the services of a fee-only fiduciary financial advisor. They not only can manage your investments but can come up with a comprehensive plan to address the financial opportunities and challenges you may face during retirement. 

For further research: 

Show Episode Notes

Podcast Hosts

Pam Krueger

Pam Krueger

Terry Savage

Terry Savage

Richard-Eisenberg

Richard Eisenberg

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