Retirement
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Key Retirement and Tax Numbers for 2021
Every year, the IRS announces cost-of-living adjustments that directly affect retirement plans. Here are a few of the key adjustments for 2021.
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IRA and Retirement Plan Limits for 2021
Many retirement plan limits are indexed for inflation each year. While some remain unchanged for 2021, others have increased.
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Five Tips to Regain Your Retirement Savings Focus in 2021
If you find yourself among those feeling stressed about your retirement savings, these tips may help you focus your retirement savings strategy in 2021.
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Setting Retirement Goals and Planning for Tax Time
In general, Americans aren’t saving as much as we should. And when it comes to...
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Seeking Sun or Savings? Explore a Retirement Move
If you're nearing retirement, there's a good chance you have thought about living somewhere else. Here are some important factors to consider before moving.
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Enjoy the Benefits of an IRA Today and in the Future
Save for retirement and catch a tax break with an individual retirement account. With the...
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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