Stay Up-To-Date on All Things Finance

Welcome to March 61st! At least it feels that way. As we start May, there may be signs that, although undergoing monumental strains, our economy may bend but not break.

The Costa Deliziosa set sail from Venice in early January, a week before the coronavirus pandemic consumed the world. After 15 weeks at sea, passengers from the luxury cruise liner will disembark into a very different world than which they left.

A provision in the recently passed CARES Act allows those affected by COVID-19 to withdraw up to $100,000 penalty-free from their 401(k) or IRA. We address the considerations for anyone that may need access to their retirement plan assets.

$349 billion has been earmarked to help small businesses in the midst of this Covid-19 pandemic and economic downturn through the Paycheck Protection Program.

On March 27, 2020, the U.S. House of Representatives passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) that was passed in the U.S. Senate on March 25, 2020. The President signed the bill into law on March 27, 2020. This brief is a summary of provisions contained in the CARES Act that impact retirement plans and IRAs.

The worldwide coronavirus outbreak has caused a very sharp downturn in the economy and world equity markets. While no two downturns have been exactly alike, we offer some context and how it relates to your investment plan.