A Word from the CEO
The last month has been surreal. On the one hand, I, along with the JRB staff and many of you, have been working from the confines of home. On the other hand, I participated in the
Global Gathering for Health to celebrate Passover with thousands of Conservative/Masorti Movement members worldwide. This technological community provided a salve that softened the isolation caused by social distancing.
The CARES Act, the $2.2 trillion disaster relief bill passed by Congress, is designed as a salve to soften the economic fallout from the pandemic. The highlight of the bill is the $1,200 payment that most taxpayers will receive. But it also delays the federal income tax filing deadline to July 15, waives Required Minimum Distributions (RMDs) for 2020 and suspends payment of student loans and loans against your retirement accounts. Read our article, "Seven COVID-19 Disaster Relief Benefits for You," for details.
As retirement investors, the JRB advocates a long-term perspective. An article by the JRB's investment consultant, Cammack Retirement Group, "Velocity of Market Downturns," compares how financial markets responded during previous market declines of 20% or more. The article highlights good reasons to think twice before making any major changes in your retirement savings portfolio.
These are trying times for all of us. I urge you to focus on the most important thing — the health of your family, your community and yourself. Also know that you can always turn to the JRB to discuss any concerns you may have about your ability to achieve your financial goals. Please contact us by
or call us a