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Monthly Archives: March 2020

COVID-19 Stimulus Package Provides Penalty-Free Relief for Retirement Savers, Retirees and Plan Administrators By Sean Deviney, CFP®*

Posted March 31, 2020

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act), signed into law on March 27, 2020, offers individuals the ability to tap into their retirement savings plans, including IRAs and 401(k)s, to access needed funds without incurring early-withdrawal penalties. This relief is similar to the way in which the IRS lifts restrictions to defined contribution […]

Contributions to Certain Retirement Plans Extended to July 15 by Sean Deviney, CFP

Posted March 25, 2020

The IRS has announced that the extension of the 2019 federal tax filing deadline to July 15, 2020, also applies to individual contributions to traditional IRAs and solo 401(k)s. Due to the fallout from the spread of COVID-19, the IRS is giving taxpayers an additional 90 days to contribute to these plans and apply the […]

COVID-19 Market Commentary for March 19, 2020 By Joseph Karl, CFA

Posted March 19, 2020

Concerns and consequences of the novel coronavirus (COVID-19) have increased significantly in recent days. President Trump acknowledged this week that the impact of the pandemic could last into the summer months, with more states and counties announcing lockdowns. At this moment, it is almost certain the United States and the global economy will dip into […]

Disaster-Relief Loans Available to Small Businesses Impacted by COVID-19 by Todd A. Moll, CFP®, CFA

Posted March 19, 2020

Federal and state governments have announced relief programs to help the nation’s 30 million small businesses suffering financial hardships in the wake of the novel coronavirus (COVID-19) pandemic. Federal Aid The Economic Injury Disaster Loan program, managed by the Small Business Administration (SBA) in tandem with U.S. state and local government, will offer up to […]

Keep an Eye on Estate Planning Through COVID-19 Pandemic by Eric P. Zeitlin

Posted March 19, 2020

The novel coronavirus (COVID-19) pandemic is having a profound impact on people and businesses across the globe. Lives have been lost, businesses are facing the potential of mounting losses, and an uncertain economic future is roiling the global equity markets. Through this time, families must also assess the impact of the virus on their estates […]

Critical Financial Planning for Widows and Widowers by Kathleen Marteney, CRPC

Posted March 12, 2020

The death of a spouse can be one of the most devastating events in an individual’s life. Not only must surviving spouses cope with the emotional, mental and physical turmoil of their crushing grief, but they will also face a tsunami of legal and financial decisions, including the responsibility to pay their bills, keep the […]

Elections and Their Impact on Investor Returns by Shane Phillips, CFA, CAIA, CFP

Posted March 3, 2020

It’s an election year, and investors across the country are trying to predict how the markets will respond after the polling locations close and a presidential victor is announced. Will the longest economic expansion in U.S. history continue? Will stock prices continue to rise or will they start to decline? While there is no crystal […]

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