Happy Friday everyone! We made it through another week and today we are reading that the IRS has extended even more deadlines until July 15, what mistakes to avoid with your 401(k) during the coronavirus crisis and how to use your credit card rewards to help pay for groceries, food delivery and essentials during these difficult times. See these articles and others here:
The IRS is giving taxpayers extra relief on upcoming deadlines, pushing the due date for more returns and payments to July 15.
As the economy craters, small businesses are among the hardest hit. When unemployment claims began to jump nationwide in March, layoffs among small business spiked 1,021% compared to the month before, according to exclusive data compiled by human resource provider Gusto, based on more than 100,000 small businesses nationwide.
For anyone who became accustomed to watching their 401(k) account balance climb higher for years on end, the market’s recent drop and continued volatility may be unnerving if not downright scary. Nevertheless, you shouldn’t let fear cause you do something that could hurt your long-term retirement planning, advisors say.
How your credit card rewards can help you pay for groceries, food delivery and essentials during coronavirus
Credit card issuers are temporarily offering waived late fees or the ability to skip payments for cardholders affected by the coronavirus pandemic. But if you have the ability to keep using your credit card at this time, it may help you afford essential purchases.
Homeowners whose finances have been battered by coronavirus might want to think again before postponing their mortgage payments.