Explore New Topics To Learn More About Your Retirement

Beyond the Money-Tip of the Week!

July 15, 2020

SSA.GOV – Advance Designation If you become unable to manage, or direct others to manage, your benefits in the future, you will have peace of mind knowing that someone you trust may be appointed to manage the benefits for you. It is optional, and you can update or withdraw your advance designation at any time. … View Article

Updated: CLIENT SBA EIDL (ECONOMIC INJURY DISASTER LOAN) ADVANCE & FORGIVENESS GUIDE

June 24, 2020

Great news! After the first round of funding; an additional $10 billion was allotted through the CARES Act to pay SBA EIDL applicants an advance on their loans. The application portal has re-opened, and will be availableuntil December 30, 2020. Who Qualifies for EIDL loans? The EIDL was designed to help during times of economic… View Article

Updated: CLIENT SBA PPP (PAYCHECK PROTECTION PROGRAM) FORGIVENESS GUIDE

June 24, 2020

Congratulations you have received your PPP funding, and want to maximize your loan forgiveness. Theamount spent over the next 8 to 24 weeks is eligible to be completely forgiven IF you use these funds for the following expenses: payroll, mortgage interest, rent and utilities. If you received your loan proceeds prior to June 5, 2020… View Article

Required Minimum Distributions

June 16, 2020

What is an RMD? Under current law, holders of 401(k) accounts and traditional individual retirement accounts (IRAs) are required to withdraw a percentage of their account balances each year once they reach age 72. Formerly the age was 70 ½ and that rule still applies if you attained age   70 ½ before January 1, 2020. … View Article

Update on the Payroll Protection Flexibility Act

June 4, 2020

Last night, the Senate passed the bill, which now heads to President Trump for his signature. If signed into law by the President, the bill known as the Payroll Protection Flexibility Act will make significant favorable changes to SBA’s Paycheck Protection Program that encompasses the following: Extend the “covered period” under which small businesses can spend… View Article

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