Welcome to the Financial Friday Round-Up, where we scour the web for the best things to read, watch, or listen to regarding finance every week. Check out the links below for how the CARES Act affects mortgages, news from the IRS regarding changes to health plans, and an expert’s advice on how to reduce a mountain of debt.
Game Plan: A Retired Teacher Wants to Reduce a Mountain of Student Debt
This case study can serve as a model of how make a plan for reducing large amounts of debt, student or otherwise. Ms. Pavelka is a retired special-education teacher in NJ who lays out her financial situation for an expert from the Wall Street Journal to analyze and offer advice. The answers present an insightful way to make a game plan to tackle debt.
4 Million Homeowners Are in Mortgage Forbearance After the CARES Act Loosened Rules. Is it Right for You?
The CARES Act has loosened rules on who is eligible for mortgage forbearance, making it much easier for struggling families to hit pause on one of their monthly bills. This article from Money explains these forbearance rules and lays out who may be eligible and who is not.
IRS Allows Mid-Year Changes to Health Plans, Expands FSAs and More
Chances are few people anticipated the spread of coronavirus when they picked their health plans for the new year at the end of 2019. That’s why the IRS has decided to allow mid-year changes to health care plans and to expand the rules for FSAs. Kiplinger provides this helpful primer for anyone who might be interested to making the change.
7 Astronauts Offer Tips on How to Thrive While Social Distancing
Social distancing is a brand-new experience for a majority of people, but there are some for whom isolation is part of their livelihood. Here, seven astronauts offer their generous wisdom on how to stay healthy and productive when you’re stuck in one place for most of the day.
Check out our other Financial Friday Round-Up posts for more great reads!
Financial Friday Round-Up: May 18 – May 22, 2020
Financial Friday Round-Up: May 11 – May 15, 2020
Financial Friday Round-Up: May 4 – May 8, 2020