Investments & Wealth Management
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Retirement Realities
Expectations vs. reality Predicting exactly what your retirement will be like is about as possible...
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Why Purchase Life Insurance?
We’ve all heard about the importance of having life insurance, but is it really necessary?...
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July Market Recap
The Markets (as of market close July 31, 2024) Stocks closed mostly higher in July....
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Estimating Your Retirement Income Needs
Planning for retirement? First, estimate how much income you will need to fund your future.
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Mixing It Up: Asset Allocation and Diversification
Asset allocation and diversification are so fundamental to portfolio structure that it’s easy to lose...
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Watch for These Hazards on the Road to Retirement
On the road to retirement, be on the lookout for hazards that can hamper your...
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June Market Recap
The Markets (second quarter through June 28, 2024) Wall Street got off to a slow...
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Fundamental facts to know about Social Security
Social Security is complex, and the details are often misunderstood even by those who are...
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Managing the Risk of Outliving Your Money
“What is your greatest retirement fear?” If you ask some pre-retirees this question, “outliving my money”...
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May Market Recap
The Markets (as of market close May 31, 2024) Stocks rebounded from a sour April,...
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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