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About Becca Mack

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So far Becca Mack has created 88 blog entries.

3 Tools to Help Survive Hard Times

Since there is so much uncertainty right now, many are making predictions about where the economy is headed, when the virus will subside, and when we will return to “normal.” While no one can be sure, it’s worth considering the future when planning for it. If you’re nearing or entering retirement, a solid plan is [...]

2020-05-26T03:05:13-05:00May 26th, 2020|Financial Planning|

Tax Minimization in 2020 and Beyond

As the coronavirus spread, the government stepped in with unprecedented economic interventions, from direct payments to Americans, to relief for businesses. While these measures may be necessary to mitigate the damage done by the virus and the economic shutdown, they’ve also resulted in a ballooning of the national deficit.[1] U.S. government debt could soon rise [...]

2020-05-17T17:51:10-05:00May 17th, 2020|Tax Strategies|

Should You Claim Social Security Early Due to Financial Hardship?

If your financial or employment situation has changed due to coronavirus, you may be rethinking your Social Security claiming strategy. While you can claim Social Security benefits as early as age 62, you will receive a permanently smaller benefit. If you wait to claim past your full retirement age, your benefit will increase by 6 [...]

2020-05-11T03:56:00-05:00May 11th, 2020|Financial Planning, Social Security|

How The Coronavirus Shutdown Could Affect You in the Long-Term

Recent events have everyone wondering when a sense of normalcy will return. But the answer isn’t as simple as hoping for a date when stay-at-home orders will be lifted. No one knows if there is a long recession to come, or if the economy will bounce back in the near future. Although things may seem [...]

2020-05-04T14:21:34-05:00May 4th, 2020|Financial Planning, Retirement Planning|

4 Measures to Help Businesses Through the Coronavirus Shutdown

The Small Business Administration (SBA) is tasked with distributing $350 billion in loans to help businesses. Small businesses may qualify for the Paycheck Protection Program and Economic Injury Disaster Loans, while other businesses may qualify for breaks, tax deferments, and credits through the CARES Act. Here are details on four measures to help businesses through [...]

2020-04-27T12:22:19-05:00April 27th, 2020|Economy|

A Guide to the CARES Act for Americans Age 50 and Over

President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law to help Americans combat the economic effects of the coronavirus. It includes potential tax breaks, checks for qualifying Americans, and temporary new rules for retirement account withdrawals. Here’s a guide to the CARES Act for Americans 50 and over. Checks for [...]

2020-04-20T02:39:32-05:00April 20th, 2020|Economy, Financial Planning|

3 Questions a Financial Advisor Can Help You Answer

A 12 year-long bull market run recently came to a close, and many Americans have experienced the effects. For those nearing or in retirement, this can be especially worrisome. If you're wondering what your course of action should be right now, you should consider your risk tolerance, where the market is heading, and how you [...]

2020-04-13T05:08:21-05:00April 13th, 2020|Financial Planning|

3 Unprecedented Measures During the Coronavirus Pandemic

We're living in unprecedented times, and the government is taking unusual steps to mitigate the economic damage done by the coronavirus. Strict measures are in place, like canceling events of more than ten people, closing bars and restaurants, and restricting travel. And while these mean to help from a public health standpoint, they're having a [...]

2020-04-05T18:09:26-05:00April 5th, 2020|Economy, Financial Planning, Tax Strategies|

What Is a Bear Market and How Long Does It Last?

During this period of volatility, many are asking where the economy is headed. As the coronavirus affects the U.S. financially and socially in a way previously unseen, lawmakers are acting to boost the economy, and analysts are predicting what’s to come. We’ve officially entered a bear market, and the Federal Reserve has responded. So, what [...]

2020-03-29T22:47:18-05:00March 29th, 2020|Stock Market|

Do’s and Don’ts in a Volatile Market

If the state of the market has caused you to worry, you’re probably not alone. The coronavirus and falling oil prices have caused many to panic. In times of uncertainty, it can be easy to make knee-jerk decisions and forget about the long-term. However, consider these do’s and don’ts in a volatile market. Don’t withdraw [...]

2020-03-23T22:43:39-05:00March 22nd, 2020|Stock Market|
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