The CARES Act was signed into law on March 27, 2020 and includes a wide range of provisions to assist those affected by the COVID-19 pandemic. Recognizing the heightened importance of charitable giving and the need to maximize support of nonprofts providing critical relief and response services, the CARES Act includes key provisions designed to […]
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Quick Market Thought: Just because the market had recouped its losses from earlier this year doesn’t mean we predict smooth sailing ahead. With less than 80 days until the November elections, the political mudslinging is ramping up. As investment strategists, we think it’s policy, not politics, that matters. To that end, we believe that putting […]
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We have been getting a lot of questions surrounding the rules for the CARES Act, tax benefits, who qualifies and who does not. So we created this quick article to help. Coronavirus-related distributions What are the tax benefits for CRDs (coronavirus-related distributions)? Who qualifies and who does not? CRDs Available for 2020 Only $100,000 Overall […]
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Executive Orders to Suspend Payroll Taxes, Expand Unemployment Benefits, and more Here’s how the executive orders issued by President Trump that provide additional relief to workers during the COVID pandemic. At A Glance In order to provide additional relief to workers during the COVID pandemic, President Trump has issued executive orders to: -Suspend Social Security […]
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Deciding when to take your Social Security retirement benefits is a crucial decision no matter when you make it. If you’re age 62 or over, claiming Social Security benefits in an uncertain job market might seem like a great idea. But you may want to press pause before you make one of the biggest decisions […]
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-Albert Einstein It doesn’t really matter how we got here at this point, but we all know that every business, individual and country has had to make major changes in order to survive. I really mean that point, in order to survive as a species. As a global civilization we have not faced a global invisible war, […]
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Planning for retirement is often talked about, but making sound financial decisions to move forward can be stressful for some. Your wealth is about more than just investing. In this article we wanted to ask you a lot of questions on many areas of financial and retirement planning. Take a minute to review the topics […]
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Most investors can’t afford a major portfolio loss. Active management can provide protection in volatile markets. Regular buy & hold strategies are often highly correlated with the market and with each other. Alternatively, active strategies can provide extra downside protection and useful diversification. Consider this: -In 2008, the S&P 500 was down 37%, whereas certain […]
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Roth IRAs are a powerful retirement savings vehicle—but should you trade in your traditional IRA for one? The answer comes down to TAXES. What makes them so popular is that money placed in a Roth IRA can grow tax-free and be withdrawn tax-free in retirement. Money you contribute to a traditional IRA also grows tax-free, […]
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Here’s a little more detail on the key provisions and some financial planning moves to consider: 1. 2020 RMDs Deadline Extended to August 31. The CARES Act waived RMDs from qualified accounts for 2020. If you took all or a portion of your RMD early, however, you were bound by the 60-day rollover rule, which […]
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