Investments & Wealth Management
-
2023 Quarter 2 Market Recap
The Markets (second quarter through June 30, 2023) Wall Street proved resilient during the second...
-
SECURE 2.0 Act Expands Early Withdrawal Exceptions
Tax-advantaged retirement accounts such as 401(k) plans and IRAs are intended to promote long-term retirement...
-
Investing for Major Financial Goals
Go out into your yard and dig a big hole. Every month, throw $50 into...
-
May Market Recap
The Markets (as of market close May 31, 2023) The markets in May were marked...
-
How Taxes Impact Your Retirement-Income Strategy
Retirees face several unique challenges when managing their income, particularly when it comes to taxes....
-
Diversifying with Market Caps
The U.S. stock market struggled in 2022, with the S&P 500 index ending the year...
-
April Market Recap
The Markets (as of market close April 28, 2023) Stocks ended April generally higher, despite...
-
When Should You Take Social Security?
Filing for Social Security benefits as soon as you can—or a few years early—may seem...
-
When Should Young Adults Start Investing for Retirement?
As young adults embark on their first real job, get married, or start a family,...
-
50 and Older? Here’s Your Chance to Catch Up on Retirement Saving
If you are age 50 or older and still working, you have a valuable opportunity...
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.
Leaving Our Website
You are leaving our website and linking to an alternative website not operated by us. Redwood Credit Union does not endorse or guarantee the products, information, or recommendations provided by third-party vendors or third-party linked sites.