Keith Martin
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Getting Preapproved with RCU
What’s a preapproval? Getting preapproved means you've been approved in advance by a lender for...
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Annual Market Review 2022
How inflation impacted 2022 and how it translates to the current market and the future months ahead.
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What is a rollover IRA
There are at least two reasons to consider keeping your employer plan rollover separate from your contributory IRAs.
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What is a Roth 401(k)
Making Roth 401(k) contributions could play an important part in enhancing your retirement income.
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November Market Recap
The market rallied in November; the second monthly advance in a row.
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Three Stretch IRA Alternatives
Alternative ways to preserve your wealth and pass on to your beneficiaries.
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Year-End 2022 Tax Tips
Potential tax moves to consider before the end of the year.
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Establishing a Financial Safety Net
Setting up a cash reserve can ensure you are protected should a financial emergency arise in the future.
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Top Year-End Investment Tips
Strategic savings and investing decisions now can affect financial goals and the amount of taxes due next April.
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October Market Recap
Overall, the economic indicators for October were positive with stocks closing higher and increased personal spending.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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