Fraudsters and scam artists are always looking for new ways to prey on consumers. Now they are using the same tactics to take advantage of consumers’ heightened financial and health concerns over the coronavirus pandemic. Federal, state, and local law enforcement have begun issuing warnings on the surge of coronavirus scams and how consumers can […]
Economic Impact Payments
Here’s how much individuals will get from the Economic Impact Payments Employed full or part time? Unemployed? A temporary or gig worker? Retired or disabled? Receive public benefits? Have no income? Most U.S. residents – under certain income levels – will receive the Economic Impact Payment if they are not claimed as a dependent of […]
Overview of the “CARES Act”
2020 Stimulus (Rebate) Checks The IRS will begin processing stimulus payments by direct deposit to your bank account of record based on your 2018 or 2019 tax return, if you have already filed. Individuals are provided with an advance credit against their 2020 income tax: $1,200 for single taxpayers and $2,400 for married filing joint, […]
FAMILIES FIRST – CORONAVIRUS RESPONSE ACT
FAMILIES FIRST CORONAVIRUS RESPONSE ACT (FFCRA) Both Emergency Paid Sick Leave Act (EPSL) and Emergency Family and Medical Leave Act (EFMLA) are effective for leave taken April 1, 2020 through December 31, 2020. Emergency Paid Sick Leave Act (EPSL) Two weeks (up to 80 hours) of paid sick leave at the employee’s regular rate of pay where the […]
This past Halloween we enjoyed dressing up as The Cat in The Hat (Carl) and the 360 Things (1, 2, 3, and 4). Here is some photo-proof that we can have fun.
i95 Business Highlights Carl Strozyk
i95 Business Highlights Carl Strozyk and 360 Financial Group as Harford County Business Leader As part of its August issue, i95 Business shined a spotlight on Harford County business leaders, and Carl Strozyk of 360 Financial Group is honored to be chosen.
Can I roll my traditional 401(k) account balance over to a Roth IRA?
Yes, you can make a direct, or 60-day rollover from a 401(k) plan [or other qualified plan, 403(b) plan, or governmental 457(b) plan] to a Roth IRA, as long as you meet certain requirements.* First, you must be entitled to a distribution from your plan. While you can always access your account when you terminate […]
What is a rollover IRA, and do I need one?
Generally, the term “rollover IRA” refers to an IRA that you establish to receive funds from an employer retirement plan like a 401(k). A rollover IRA is also sometimes referred to as a “conduit IRA.” When you roll funds over from an employer plan to an IRA, your financial institution may suggest that you use […]
The Health-Wealth Connection
It’s a vicious cycle: Money is one of the greatest causes of stress, prolonged stress can lead to serious health issues, and health issues often result in yet more financial struggles.¹ The clear connection between health and wealth is why it’s so important to develop and maintain lifelong plans to manage both. The big picture […]
Future of the Federal Estate Tax
1 2015 Field Guide to Estate Planning, Business Planning & Employee Benefits The federal estate tax has been enacted or repealed a number of times over the years while undergoing many changes. Tax reform, including possible repeal of the estate tax, is back in the spotlight once again. While no one can predict the future, […]