COVID-19 is changing our lives in many ways, including how we file our income taxes. The IRS announced some changes that impact your 2019 income tax return, and a new law could provide Americans more financial flexibility.
In the April edition of Quincy Krosby's Q2 market commentary, Prudential's chief market strategist details how quickly and forcefully we have transitioned from “a good place” in terms of the economy and monetary policy into the surreal world of a global economic shutdown.
Prudential has waived April rent for tenants in its retail spaces in Newark, New Jersey—most of whom are small business owners, the company’s latest effort to support the community during the COVID-19 crisis.
Congress today approved a $2 trillion emergency economic aid package to help Americans withstand the COVID-19 pandemic, including measures to help bolster individuals’ financial well-being. The package also provides relief to distressed businesses that were forced to close and lay off or furlough workers because of the crisis.
The dramatic downturn in the financial markets spurred by concerns about COVID-19 is reminiscent of the Great Recession of 2008. But we’ve learned some lessons since then. Those close to retirement and watching their IRA or 401(k) values drop may have a silver lining.
With the markets in turmoil, Nathan Sheets, former U.S. undersecretary of the Treasury for International Affairs and current chief economist at PGIM Fixed Income, answered 10 questions about what the coronavirus could mean for the global economy.
With the stock market now in bear market territory, many families with college on the horizon have experienced painful losses in their 529 plans and Coverdell accounts. Here are some considerations if you are worried about managing college expenses.
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