Investments & Wealth Management
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The Markets – as of Market Close February 26, 2021
While COVID-19 continues to take a toll on the global economy, U.S. unemployment rates drop, showing signs of slow recovery.
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A Financial Wellness Plan Can Help Pave the Road to Retirement
A global pandemic gave reason to pause on our physical wellness, but often overlooked and equally important is financial wellness.
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The Markets – as of Market Close January 29, 2021
A coordinated effort among retail investors created extreme volatility causing stocks in each of the benchmark indexes to lose value.
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Key Retirement and Tax Numbers for 2021
Every year, the IRS announces cost-of-living adjustments that directly affect retirement plans. Here are a few of the key adjustments for 2021.
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Are Value Stocks Poised for a Comeback?
Value stocks may have strong appeal during the economic recovery since they performed well during the last two recessions.
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The Bull Market Is Back… Will It Keep Charging?
After the pandemic relief package was signed at the end of December, stocks jumped to a new record high and investors saw it as a boost to economic recovery.
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IRA and Retirement Plan Limits for 2021
Many retirement plan limits are indexed for inflation each year. While some remain unchanged for 2021, others have increased.
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2020 Year End Market Review
As the nations of the world work towards normalcy after a harrowing year, stock markets, employment, and production should also advance.
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The Markets – as of Market Close November 30, 2020
Despite a downturn on the last day of the month, stocks rebounded in November with several benchmark indexes reaching record highs.
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Five Tips to Regain Your Retirement Savings Focus in 2021
If you find yourself among those feeling stressed about your retirement savings, these tips may help you focus your retirement savings strategy in 2021.
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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