Stay on Top of “Stay At Home” – A List of Statewide Orders, as of April 26, 2020

Because the COVID-19 situation is dynamic, with new governmental measures each day, employers should consult with counsel for the latest developments and updated guidance.

By Littler Mendelson on April 26, 2020

https://www.littler.com/publication-press/publication/stay-top-stay-home-list-statewide

Continue reading ” Stay on Top of “Stay At Home” – A List of Statewide Orders, as of April 26, 2020″

Coping with Market Volatility: Cash Can Help Manage Your Mindset

Cash Can Help Manage Your Mindset

Holding an appropriate amount of cash in a portfolio can be the financial equivalent of taking deep breaths to relax. It could enhance your ability to make thoughtful investment decisions instead of impulsive ones. Having a cash position coupled with a disciplined investing strategy can change your perspective on market volatility. Knowing that you’re positioned to take advantage of a downturn by picking up bargains may increase your ability to be patient.  Continue reading “Coping with Market Volatility: Cash Can Help Manage Your Mindset”

CARES Act: Retirement Plan Relief Provisions

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. This $2 trillion emergency relief package represents a bipartisan effort to assist both individuals and businesses in the ongoing coronavirus pandemic and accompanying economic crisis. The CARES Act provisions for retirement plan relief for individuals under federal tax law are discussed here.  Continue reading “CARES Act: Retirement Plan Relief Provisions”

Federal Student Loan Borrowers Get Expanded Relief in CARES Act 

 

On March 27, 2020, Congress passed the CARES Act, the largest economic stimulus bill in the history of the United States, in response to the coronavirus pandemic.1 Included in the legislation are new rules for student loan relief that supersede the rules that were announced only a week earlier by the Department of Education. For more information on both sets of rules, visit the federal student aid website.  Continue reading “Federal Student Loan Borrowers Get Expanded Relief in CARES Act “

Coping with Market Volatility: Continuing to Invest May Help You Stay on Course

Coping with Market Volatility: Continuing to Invest May Help You Stay on Course

https://www.finra.org/investors/insights/cares-act-2020-retirement-fund-access-and-student-loan-relief

In the current market environment, the value of your holdings may be fluctuating widely — and it’s natural to feel tentative about further investment. But regularly adding to an account that’s designed for a long-term goal may cushion the emotional impact of market swings. If losses are offset even in part by new savings, the bottom-line number on your statement might not be quite so discouraging. And a basic principle of investing is that buying during a down market may help your portfolio grow when the market turns upward again.  Continue reading “Coping with Market Volatility: Continuing to Invest May Help You Stay on Course”

All RMDs have been waived for tax year 2020

All RMDs have been waived for tax year 2020, meaning clients will not need to take an RMD from their retirement account for this year.

If clients have already taken all or part of their RMD within the past 60 days, they can re-contribute that amount back into their retirement account, assuming the distribution qualifies for a rollover.

For more information, reach out to the custodian or advisor of the accounts.

Financial Peace of Mind in the Age of Coronavirus

Financial Peace of Mind in the Age of Coronavirus

https://www.finra.org/investors/insights/financial-peace-mind-age-coronavirus

The headlines are hard to ignore. Coronavirus (COVID-19)-related cases and deaths are increasing around the globe, supply chains have been interrupted, financial markets are experiencing historic volatility, and businesses are questioning how they will weather the storm.

When it feels like so many things are out of our control, sometimes the best thing to do is focus on the things that are. Here are five questions to ask for some financial peace of mind in the age of coronavirus.  Continue reading “Financial Peace of Mind in the Age of Coronavirus”