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IRS Questions and Answers on COVID-19 IRA and 401(k) Loans & Distributions

by Service2Client | Jun 1, 2020 | Blog, Tax and Financial News

The CARES Act stimulus package substantially relaxed the rules around certain retirement account loan and distribution requirements, but with much confusion. As a result, the IRS recently put out a FAQ document to address the COVID-19 rule relaxation around IRA and...

IRS Questions and Answers on COVID-19 IRA and 401(k) Loans & Distributions

by Service2Client | Jun 1, 2020 | Blog, Tax and Financial News

The CARES Act stimulus package substantially relaxed the rules around certain retirement account loan and distribution requirements, but with much confusion. As a result, the IRS recently put out a FAQ document to address the COVID-19 rule relaxation around IRA and...

Understanding the Federal Government’s Proposal for Opening Up Again

by Service2Client | Jun 1, 2020 | Blog, General Business News

After seeing a peak and then a sustained decline in coronavirus cases, hospitalizations, and deaths resulting from COVID-19, the White House and the Centers for Disease Control and Prevention has rolled out a three-tier approach to get the nation back to its...

Are Dividends Becoming a Luxury During the Coronavirus Pandemic?

by Service2Client | Jun 1, 2020 | Blog, Stock Market News

According to the futures market, Chicago Mercantile Exchange contracts are forecasting a drop of 27 percent in dividends over 24 months for the S&P 500 index. Dividends are projected to fall to $42.05 in 2021, a drop from 2020’s dividend of $47.55 and...

Why Sequence of Returns Risk Matters Now

by Service2Client | Jun 1, 2020 | Blog, Financial Planning

That year or two when you are closing in on your retirement date, followed by a year or two after you retire, are the worst times for a sustained market decline. Market analysts call this scenario the sequence of returns (SOR) risk – because once your principal...
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