Investments & Wealth Management
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February Market Recap
The Markets (as of market close February 29, 2024) Stocks ended February on a high...
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Four Key Objectives of a Sound Retirement Plan
A sound retirement plan should be based on your particular circumstances. No one strategy is...
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The Essence of Financial Planning
Whether it’s owning a home, launching a new business, or retiring comfortably, every financial decision...
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January Market Recap
The Markets (as of market close January 31, 2024) Stocks closed January generally higher. Each...
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Retirement Seen Through Your Eyes
How do you picture your future? Some see retirement as a time to start a...
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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...
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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