{"id":4851,"date":"2020-05-29T13:57:25","date_gmt":"2020-05-29T13:57:25","guid":{"rendered":"https:\/\/clients.firstfinancialsecurity.com\/FFSBB\/?p=4851"},"modified":"2022-02-28T15:15:22","modified_gmt":"2022-02-28T15:15:22","slug":"financial-friday-round-up-may-26-may-29-2020","status":"publish","type":"post","link":"https:\/\/agents.firstfinancialsecurity.com\/FFSBB\/2020\/05\/29\/financial-friday-round-up-may-26-may-29-2020\/","title":{"rendered":"Financial Friday Round-Up: May 26 \u2013 May 29, 2020"},"content":{"rendered":"<p>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\u2019s advice on how to reduce a mountain of debt.<\/p>\n<h5><strong><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/www.wsj.com\/articles\/game-plan-a-retired-teacher-wants-to-reduce-a-mountain-of-student-debt-11590328801\" target=\"_blank\" rel=\"noopener noreferrer\">Game Plan: A Retired Teacher Wants to Reduce a Mountain of Student Debt<\/a><\/span><\/strong><\/h5>\n<p>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 <em>Wall Street Journal <\/em>to analyze and offer advice. The answers present an insightful way to make a game plan to tackle debt.<\/p>\n<h5><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/money.com\/mortgage-forbearance-cares-act\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><span style=\"color: 37589e;\"><span class=\"EOP SCXW91983742 BCX7\" data-ccp-props=\"{}\">4 Million&nbsp; Homeowners Are in Mortgage Forbearance After the CARES Act Loosened Rules. Is it Right for You?&nbsp;&nbsp;<\/span><\/span><\/strong><\/a><\/span><\/h5>\n<p>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 <em>Money <\/em>explains these forbearance rules and lays out who may be eligible and who is not.<\/p>\n<h5><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/www.kiplinger.com\/slideshow\/taxes\/T027-S001-mid-year-changes-to-your-health-plan-fsa-or-hsa\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><span style=\"color: 37589e;\"><span class=\"TextRun BCX7 SCXW112963057\" xml:lang=\"EN-US\" data-contrast=\"auto\" lang=\"EN-US\"><span class=\"NormalTextRun BCX7 SCXW112963057\">IRS Allows Mid-Year Changes to Health Plans, Expands FSAs and More<\/span><\/span><\/span><\/strong><\/a><\/span><\/h5>\n<p>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\u2019s why the IRS has decided to allow mid-year changes to health care plans and to expand the rules for FSAs. <em>Kiplinger <\/em>provides this helpful primer for anyone who might be interested to making the change.<\/p>\n<h5><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/www.forbes.com\/sites\/ruthgotian\/2020\/05\/21\/7-astronauts-offer-tips-on-how-to-thrive-while-social-distancing\/#1c5a3d3c40b2\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><span style=\"color: 37589e;\"><span class=\"TextRun BCX7 SCXW112963057\" xml:lang=\"EN-US\" data-contrast=\"auto\" lang=\"EN-US\"><span class=\"NormalTextRun BCX7 SCXW112963057\">7 Astronauts Offer Tips on How to Thrive While Social Distancing<\/span><\/span><\/span><\/strong><\/a><\/span><\/h5>\n<p>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\u2019re stuck in one place for most of the day.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Check out our other Financial Friday Round-Up posts for more great reads!<\/strong><\/p>\n<p><span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/clients.firstfinancialsecurity.com\/FFSBB\/financial-friday-round-up-may-18-may-22-2020\/&quot;\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Friday Round-Up: May 18 \u2013 May 22, 2020<\/a><\/span><br \/>\n<span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/clients.firstfinancialsecurity.com\/FFSBB\/financial-friday-round-up-may-11-may-15-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Friday Round-Up: May 11 &#8211; May 15, 2020<\/a><\/span><br \/>\n<span style=\"color: #37589e;\"><a style=\"color: #37589e;\" href=\"https:\/\/clients.firstfinancialsecurity.com\/FFSBB\/financial-friday-round-up-may-4-may-8-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Friday Round-Up: May 4 &#8211; May 8, 2020<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the Financial Friday Round-Up, where we scour the web for the best things to read, watch, or listen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152,649],"tags":[299,300,301,230,293],"class_list":["post-4851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-financial-insights","tag-health-plans","tag-irs","tag-social-distancing","tag-student-loan-debt","tag-student-loans"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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