April 1, 2020

To Our Friends and Valued Clients:

Late last week, the U.S. Congress passed, and President Donald Trump signed into law, a $2 trillion economic stimulus package called Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).

The legislation makes temporary changes to unemployment insurance, helps both small businesses and hard-hit industries, and includes other relief provisions.

There are also a number of provisions in the Act that relate to retirement planning. Notably, the Act temporarily waives the required minimum distribution (“RMD”) rules for 2020 with respect to certain defined contribution plans and IRAs, as well as the ability to return current-year distributions already made.

There are also provisions which allow early withdrawals without penalty from qualified retirement retirement plans.

We encourage you to consult with your Kelly Financial Services advisor to see how these changes directly impact your individual circumstance.

We also invite you to join us for our weekly conference call.

This Friday we will address the RMD matter as well as review with you certain other provisions in the Act that will be of interest to you and will likely affect you, too.

To join, please refer to the call information below.

You may also submit any questions in advance of this week’s call to info@kellyfinancial.org .

Topic : Market Volatility Update
Date : Friday, April 3, 2020
Time : 4:00pm – 4:30pm
Presenter : Ward Johnson, Certified Financial Planner, and
Kelly Financial Services Investment Advisor

Call-In Information : Call Number: 872-240-3412, Access Code: 774-812-989
or
Click on this link for Our Conference Call 

We look forward to your joining us as we continue navigating these unsettling times together.

God bless,

Kelly Kelly
President & Chief Executive Officer
kellykelly@kellyfinancial.org  | P: 781.849.3090 | F: 781.849.3091 |  kellyfinancial.org

10 Forbes Road, Suite 130, Braintree, MA 02184
1 Van de Graaff Drive Suite 404, Burlington, MA 01803

This content is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any interest in any investment vehicle managed by Kelly Financial Services, LLC, its subsidiaries and affiliates. Kelly Financial Services, LLC does not accept any responsibility or liability arising from the use of this communication. No representation is being made that the information presented is accurate, current or complete, and such information is at all times subject to change without notice. The opinions expressed in this content and or any attachments are those of the author and not necessarily those of Kelly Financial Services, LLC. Kelly Financial Services, LLC does not provide legal, accounting or tax advice and each person should seek independent legal, accounting and tax advice regarding the matters discussed in this communication.