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Review IRA Beneficiaries Now

Published on May 13th, 2020

Lost in the media storm during the coronavirus pandemic is a law change enacted in late 2019 that eliminates an IRA withdrawal technique known as the stretch IRA. Here is what you need to know. Time to review beneficiaries It is important to review your retirement and legal documents. Key among this review should be […]

Teacher Appreciation

Published on May 8th, 2020

It is Teacher Appreciation Week and we would like to send a big THANK YOU to our teachers! Owensboro Public Schools, Daviess County Public Schools, and Owensboro Catholic Schools. Thank you EM Ford, Old National Bank, Weed Man Western Kentucky, Hagan’s Outdoor Equipment, Regional Land Title Company, Hartz Contracting, Our Technology Group, Thompson Homes, and […]

Get Your Money: Ensure You Receive a Stimulus Payment

Published on May 7th, 2020

The IRS has two websites to help with stimulus payments: One for non-tax filers to register to receive their economic impact payment and a new “Get My Payment” tool. Background As a response to the COVID-19 pandemic, the government is sending $1,200 to single taxpayers with income less than $75,000 ($98,000 with phaseouts). $2,400 is […]

Answers to Common COVID-19 Unemployment Questions

Published on May 6th, 2020

The recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act provides individuals and businesses significant financial relief from the financial strain caused by the coronavirus epidemic. Here is a snapshot of the unemployment benefits section of the bill and how it affects individuals and businesses. Who qualifies to receive unemployment benefits? In addition to […]

UPDATE: Paycheck Protection Program Forgiveness Plan

Published on May 4th, 2020

The Paycheck Protection Program (PPP) is a small business loan program, created under the CARES Act, to provide an incentive for small businesses to keep employees on the payroll during the COVID-19 crisis. The PPP has authorized up to $659 billion in forgivable loans to all businesses with 500 or fewer employees, including non-profits, veteran’s […]

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