139th News

Coping with Financial Issues of COVID-19 - Part 27

  • Published
  • By Randy Gerard, Personal Financial Counselor

Here is the title for the last briefing of September. If you would like another topic covered please let me know. Please access the Resiliency Team newsletter in your email for meeting information.

24 September – Stretching Your Money

IR-2020-203, September 8, 2020

WASHINGTON — Later this month, the Internal Revenue Service will start mailing letters to roughly nine million Americans who typically don't file federal income tax returns who may be eligible for, but have not registered to claim, an Economic Impact Payment. The letters will urge recipients to register at IRS.gov by October 15 in order to receive their payment by the end of the year. Individuals can receive up to $1,200, and married couples can receive up to $2,400. People with qualifying children under the age of 17, at the end of 2019, can get up to an additional $500 for each qualifying child.

For additional information, please see the click here.

To get started, first determine your approach to investing. You can manage your own account or put your money in one of the Lifecycle (L) Funds that are invested according to a professionally determined mix of the G, F, C, S, and I Funds based on various time horizons. Remember that the amount you contribute and your investment allocation are the most important factors affecting the growth of your TSP account. Check out this new booklet from the TSP.

I have weekly Zoom sessions on Tuesday and Thursday to assist you. Please check the Resiliency team newsletter or your email for meeting details.

Don’t hesitate to reach out by phone, text, email or ask for a private Zoom session for you or your family members. Be Vigilant and STAY SAFE!

Randy Gerard, PFC
C (573) 415-6934
O (816) 236-3659

This week’s thought: “The measure of who we are is what we do with what we have.” ~Vince Lombardi