Retirement
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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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Estimating Your Retirement Income Needs
Planning for retirement? First, estimate how much income you will need to fund your future.
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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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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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9 Facts About Retirement
Retirement can have many meanings. For some, it will be a time to travel and...
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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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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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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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