COVID-19

Crisis Resources 

Updated 11/1/2020

Online Financial Resources to Help You Navigate this Difficult Time

Below is a list of online financial resources organized by topic to be a help to you during the COVID-19 crisis. Once you've utilized these resources, please don’t hesitate to call or email the office if you have any questions.

Note: The following is not legal advice. Please consult a lawyer or your financial advisor to discuss your specific situation.

STIMULUS PAYMENTS

FINANCIAL PLANNING DURING CORONAVIRUS

  • Call the office to set up an appointment with our Certified Financial Planners.

TAXES AND CORONAVIRUS

RETIREMENT ACCOUNT RULES DURING THE CORONAVIRUS

  • Contributions to IRAs for the 2019 tax year have been extended to July 15. Just be sure to indicate that your deposit is for 2019 in your account or your IRA custodian may attribute it to the 2020 tax year.

  • Required minimum distributions (RMDs) from IRAs and workplace savings accounts (e.g. 401(k)s) have been suspended for the 2020 calendar year.

  • The IRS is also waiving the 10% early withdrawal penalty for those who need to tap an IRA or workplace retirement account because of the outbreak. The waiver applies to withdrawals up to $100,000. You’ll still owe income taxes, but you’re allowed to spread out those payments over three years. The clock starts the day you take the distribution.

  • The new Coronavirus relief bill also has some new provisions for those borrowing money from a 401(k) or other workplace account: It allows loans of up to $100,000, even if that amount is more than half of your balance, for 180 days after the bill is passed. If you have a previous retirement account loan that’s coming due before Dec. 31, you have an extra year to finish repaying it.

  • Please discuss the best course of action with your financial advisor.
     

CORONAVIRUS RESOURCES FOR UNEMPLOYMENT

 

HELP FOR HOSPITALITY BUSINESSES AND WORKERS

STUDENT LOAN RELIEF DURING THE COVID-19 CRISIS

 

CAR LOAN PAYMENTS

  • If your finances have been affected by COVID-19, your auto loan lender may offer payment or debt relief, such as deferred payments or waived late fees. This article from Credit Karma contains information from many major lenders so you can find out what help they may be offering and how to get it.

 

CAR BUYING

  • What offers Car Companies are providing if you need to buy a vehicle in the next few weeks and months.​​

 

CREDIT CARDS AND COVID-19

  • Major Credit Card companies have specific pages on their websites dedicated to helping their customers who may be financially impacted by the Coronavirus. You need to contact them first to make arrangements and follow their specific procedures to make sure you aren’t penalized for missing a payment.

DEBT COLLECTION

SMALL BUSINESSES OWNER CORONAVIRUS RESOURCES

 

CORONAVIRUS RESOURCES FOR UTILITIES

 

MORTGAGE & RENT PAYMENTS AND CORONAVIRUS

 

BENEFITS FOR SENIOR CITIZENS

  • There are more than 2,500 benefits available to senior citizens. Find out what’s available in your area from the National Council on Aging.

 

INSURANCE

 

MILITARY RESOURCES

 

CORONAVIRUS RESOURCES FOR ARTISTS

 

CORONAVIRUS SCAMS

CORONAVIRUS CHARITIES

  • Find rated charities on Charity Navigator dedicated to fighting the virus and heping victums.

Do you know how the new tax laws impact you?

We do. Call 856-778-0980 today!

bill_john.jpg
  • Yelp - Grey Circle
  • LinkedIn - Grey Circle
  • Facebook - Grey Circle

Apex Tax Advisors LLC.
Apex Capital Wealth Management,

A Member of Advisory Services Network, LLC

 

505 South Lenola Rd. Suite 110
Moorestown, NJ 08057

M-F: 9-5 | Evenings & Sat Appt Only

Extended Hours 9AM - 8PM February, March & April

Members: 

Advisory services are offered through Apex Capital Wealth Management, A Member of Advisory Services Network LLC. Tax and accounting services are offered through Apex Tax Advisors, LLC. Advisory Services Network, LLC and Apex Tax Advisors, LLC are separate and unrelated entities.

© 2020 Apex Tax Advisors, LLC​.

William Madara CFP®, ChFC®, EA 

John Miller CFP®, EA