Retirement
-
9 Facts About Retirement
Retirement can have many meanings. For some, it will be a time to travel and...
-
Four Key Objectives of a Sound Retirement Plan
A sound retirement plan should be based on your particular circumstances. No one strategy is...
-
Retirement Seen Through Your Eyes
How do you picture your future? Some see retirement as a time to start a...
-
How to Bake a Pie-R-A
Roth IRAs are tax-advantaged differently from traditional IRAs. Not sure whether a Traditional IRA or...
-
Will You Work Beyond Traditional Retirement Age?
More than seven out of 10 current workers in a recent survey said they expect...
-
Make It a Point to Put Your Future First
Each month, you settle down to pay bills. You pay your mortgage lender. You pay...
-
Navigating Retirement Pitfalls
Much is written about the classic financial mistakes that plague start-ups, family businesses, corporations, and...
-
Take Charge of Your 401(k)
Have you ever switched jobs? Research shows that the average American employee switches jobs over...
-
The Pre-Retirement Checklist
How prepared are you? Getting ready for retirement? Before you can cross that bridge, you’ll...
-
When Should You Take Social Security?
Filing for Social Security benefits as soon as you can—or a few years early—may seem...
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.