Investments & Wealth Management
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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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How to Bake a Pie-R-A
Roth IRAs are tax-advantaged differently from traditional IRAs. Not sure whether a Traditional IRA or...
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Annual Market Review
Overview The year 2023 was dominated by inflation and the Federal Reserve’s restrictive policy in...
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Do You Have These Key Estate Planning Documents?
Estate planning is the process of managing and preserving your assets while you are alive,...
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Assess Your Life Insurance Needs
If your family relies on your income, it’s critical to consider having enough life insurance...
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Will You Work Beyond Traditional Retirement Age?
More than seven out of 10 current workers in a recent survey said they expect...
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Make It a Point to Put Your Future First
Each month, you settle down to pay bills. You pay your mortgage lender. You pay...
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November Market Recap
The Markets (as of market close November 30, 2023) Stocks rose notably in November following...
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IRS Releases 2024 Tax Brackets, Retirement Contribution Limits
While these taxes are not due for some time, it may benefit you to start thinking ahead.
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Aspects of your financial life to review as the year closes
The end of the year can remind us of last-minute things we need to address and the goals we want to pursue. Here are some aspects of your financial life to consider as this year leads into the next.
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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