July Newsletter
July 1st, 2020
Captain's Log


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. 

This month's  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. 

Until Next Month,
Jim's signature
  James D. Stillman

Featured this month
JDS Quick Links


The Wealth Report:

COVID-19 and Retirement Accounts

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted in late March, offered provisions related to distributions from tax-advantaged retirement accounts. Specifically, the goal is to enable Americans to have advantageous access to cash to help sustain them during periods they may not be able to work due to the coronavirus. 

While COVID-19 has, in some way, affected nearly everyone in the United States, Americans must meet eligibility requirements to take advantage of CARES Act provisions. Specifically, they must be impacted in one of the following way:

All content is intended for informational purposes only. Any guarantees are for insured products only and are dependent on the claims paying abilities of the insurer.  All investments carry some risk and you should be advised by your personal financial advisor before implementing any strategies discussed, as they are not suitable for everyone. James D. Stillman is an Investment Advisor Representative of JDS Wealth Management Corporation and AE Wealth Management. 

JDS Wealth Management Corporation's outgoing and incoming e-mails are electronically archived and subject to review and/or disclosure to someone other than the recipient. We cannot accept requests for securities transactions or other similar instructions through e-mail. We cannot ensure the security of information e-mailed over the Internet, so you should be careful when transmitting confidential information such as account numbers and security holdings. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by replying to this message and deleting it from your computer."