Happy July! It's officially summer and we're quickly getting into the heat and humidity that we were lucky enough to avoid for much of late spring. As we head into the July 4th holiday weekend, we'll try not to inundate you with too much to read through. And we hope that you are all staying safe and sane during these unusual (to put it lightly) times.
The Wealth Report
includes some information about the CARES Act that was passed back in March as a result of the pandemic.
The CARES Act has several provisions that are intended to help folks
either access retirement funds now if needed or to skip taking RMDs this year if they don't want to lock in investment losses. Be sure to review some of these provisions and consider whether they would apply to you, especially as we approach the July 15th tax filing deadline, which is the cutoff for some of the options.
If you've got questions or concerns about your current retirement plan, then feel free to reach out to us for a review. We are set up to work remotely if you're not comfortable meeting in-person for the time being.
Also, if you have friends or family that are worried about their financial plans for the future during this time, then encourage them to reach out to us. We are here to hopefully provide a little clarity during this uncertain time. Just let us know if there is anything we can do to ease some of your concerns going forward.