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.