July 2020 — Issue #34
In Memoriam
The JRB sadly reports the death of Rabbi Arnold B. Marans, the long-time Chair of our Investment Review Committee, former Chair of the Board of Trustees and Board member for nearly 30 years. May Rabbi Marans' memory be a blessing to all who knew, respected and loved him, including all of us at the JRB.

Baruch Dayan HaEmet
A Word from the CEO

According to a report by the Center for Retirement Research at Boston College, more Americans  begin collecting Social Security  at age 62 than any other age. Many of these younger retirees may continue working, at least part-time, to supplement their earnings. For those thinking of retiring early, this month's lead article explores how work affects your Social Security benefits.

The JRB's ongoing coverage of the impact of the pandemic on the economy this month focuses on an article from our investment consultant, Cammack Retirement Group. "The Job Market Is on the Mend, But It Still Has a Long Way to Go" puts unemployment data into a 10-year perspective.

As we reported previously, the federal government has cancelled the Required Minimum Distributions (RMD) for this year and made it easier to access funds in your retirement account to ease financial challenges you may face as a result of the pandemic. Please note that you have until August 31 to return to your JRB account an RMD withdrawal you received in 2020.

Please also remember that your June 30, 2020 JRB retirement account statement will be available online only unless you have elected to receive a printed statement. You should have received an email from Alerus, the JRB's recordkeeper, notifying you that your statement is available. See below for more information.

Finally, if you haven't yet taken the financial knowledge quiz appearing in last month's Financial Pulse, we encourage you to do so. Don't worry; no one's keeping score. Everyone who takes the quiz is a winner.

We hope you have a SAFE summer. Please do not hesitate to contact us via email or call 888-JRB-FREE (572-3733) regarding investment, financial planning and retirement questions.

What Are the Rules Governing
Social Security and Work?
You can work while collecting Social Security, but your benefits will be reduced if you have not reached Full Retirement Age and your wages exceed the earnings limit.
The Job Market Is on the Mend
But It Still Has a Long Way to Go
The economy may be recovering more quickly than expected. But, the unemployment rate remains at its highest level in more than 70 years.
August 31 Deadline to Return RMD
Due to the pandemic, you do not have to take an RMD in 2020. Already taken one? You have until August 31 to return it to your JRB account.
Make an appointment to speak with Mitch to discuss how to achieve your financial and retirement goals.
This information is for general purposes only and does not constitute legal, tax, or investment advice.