Retirement Starts Today Radio

I’m thrilled to be back sharing the latest retirement headlines with you after my short holiday break. The biggest news on the retirement radar this week is that the 2nd Coronavirus stimulus package has passed. Together, we’ll take a look at the most relevant parts. Then I’ll answer the question: do you need a Roth IRA even if you make more than the income limits allow for? Let’s start preparing for tomorrow by learning today. Press play now.  Outline of This Episode [1:22] What will the Coronavirus stimulus package bring for us? [7:19] Health expenses are now deductible after 7.5% AGI [9:07] Standard deduction + $600 if you are married filing jointly in 2021 [10:45] Unemployment benefits have been extended [13:09] Does Janet need a Roth IRA? Will you be cashing a $600 stimulus check? The 2nd Coronavirus stimulus package has recently been passed and rather than have you read this 5500 page piece of legislation, I’ll cover the highlights that most pertain to you. Jeff Levine, @CPAPlanner on Twitter was a gre