The Week Ahead
Your Weekly News and Updates
June 29, 2020
Friday, July 3rd, Taylor Financial Group will be closed in observance of the Independence Day Holiday.

Need a Patriotic Movie to Watch on the Fourth of July?
1776 is a classic musical that follows the Founding Fathers as they sing their way through the establishment of America and the signing of the Declaration of Independence. This is one of Debbie's all time favorite musicals - not only educational but actually funny, with Blythe Danner as Mrs. Thomas Jefferson! What better time to hum along than on Independence Day?

Click on this photo for the full original movie!

Candice Tse , Managing Director, U.S. Head of Market Strategy, From Goldman Sachs will be our special guest speaker at our July 2 Webinar! She will be sharing Goldman's forecast for the rest of 2020.

Exclusive Client ONLY Event:
On Thursday, July 2 at 12:30pm, Candice Tse from Goldman Sachs will be our guest speaker on this Webinar, this time for clients only :

After the Run Up: Goldman Sachs on Their Outlook and the Investment Themes That Matter

Reasons To Attend Our Client Only Webinar:

  1. Find out why Goldman is bullish on the stock market, and the risks they see ahead.
  2. Candice Tse will be answering all of your pressing questions.
  3. Find out where the specific investment opportunities are now.
  4. Learn why active management matters.
  5. Gain exclusive insights from Goldman Sachs into the market recovery and what can happen next.

Debbie personally curates our newsletter which offers exclusive insights into events and happenings at Taylor Financial Group, LLC!
Who Can You Help?
We understand how daunting this time is for you and we are trying to provide you with helpful information. Do you know anyone who could benefit from our services?
Every week, we will provide you with an updated COVID-19 Index that uses stoplights to indicate the financial stress on our health, economy and markets. It reviews the critical data points and addresses where we are and then provides an Overall Assessment.
Click on the photo above to access your own copy!
IRS Guidance on Waiver of 2020 RMDs — IRS Allows January RMDs to be Paid Back to Retirement Account by August 31, 2020
As we have previously discussed, the CARES Act eliminated required minimum distributions (RMD’s) for 2020 in light of the coronavirus pandemic. As you will recall, you are not required to take your RMD for 2020, and for those who took their RMD, we were allowed to “pay it back.” By not taking the distribution, we were able to save taxes in many instances... Read More
The filing and tax payment deadlines have been extended from April 15 to July 15, 2020 . You also have until July 15, 2020 to contribute to your 2019 IRA. If you have already filed your 2019 returns, click here for information on how to send them to us.
How to Keep Health Care Costs Under Control in Retirement
Article Provided by Taylor Financial Group, LLC

Although the government may subsidize some of your
health care costs under the Medicare program, you will
still be responsible for certain out-of-pocket costs. You
will want to do everything in your power to prepare for
these costs, as well as avoid unnecessary costs like late
enrollment penalties, overpriced private plans, and
superfluous trips to the doctor... Read More
Retail Sales Set Record Jump Going Back to 1992
Article Provided by Taylor Financial Group, LLC

On June 16, 2020, the U.S. Commerce Department reported that U.S. retail sales surged a whopping 17.7% in May, as consumers returned to shopping and spending. The data from the Commerce Department was especially encouraging since economists surveyed by Bloomberg only expected about an 8% increase and actual numbers were double expectations. .. Read More
Is It Safe To Eat At Restaurants Yet?
Article from Eater, Provided by Taylor Financial Group, LLC

America is in the early stages of reopening. After weeks of stay-at-home orders, more than 30 states have allowed nonessential businesses to reopen. This means that thousands of restaurants, after pivoting to takeout or closing altogether, are now legally permitted to open their dining rooms to customers... Read More
Weekly Market Commentary 06.29.2020
Published by The Carson Group, LLC

The daily total for new virus cases topped 40,000 as a resurgence in the South and Southwest pushed new cases to an all-time-record high. Some states are reporting record hospitalizations and pausing or reversing reopenings. Initial unemployment claims, as shown in Figure 1, remain close to 1.5 million. Existing claims dipped below 20 million, but only barely as the labor market seems to be healing slowly... Read More 
"Don't be pushed by your problems. Be led by your dreams."
- Unknown -
Tip of the week
Provided by Taylor Financial Group, LLC

Ward off impulse buying with a 30-day list. If you feel like you have something, put it on your 30-day list. See if you still have the urge to buy it after 30 days. Chances are? You won't.

Last week with the TFG Team...

Iconic Asbury Park Wonder Bar reopened this weekend with social distancing put in place! 

Debra Taylor - 201-891-1979
Rob Taylor- 201-485-8464
Rob Papa - 201-485-8493
Jennifer Mlynar - 201-485-8098
Jared Marzocco - 201-485-8494
Alexis Cedeno - 201- 891-1130
If you have any questions please feel free to e-mail Alexis at [email protected]