The coronavirus has had an immense impact on our physical well-being, as well as the economic health of individuals and families across the globe. Businesses are being forced to cease operation, leaving people worldwide jobless at record rates.
Between Feb 20 and March 23 of this year, the markets experienced a 30 percent drop. While they have recovered somewhat since then, the volatility may not be over. Retirement accounts like 401(k)s and IRAs may be at a lower value than they were just a few months ago, savings accounts are generating less interest, and the ups and downs are leaving investors nervous.
As part of the CARES Act legislation, certain individuals and families became eligible to receive stimulus checks of up to $1,200 per person.1 Many Americans have received their checks already, while some are preparing to receive theirs shortly. If you, or you and your spouse, received a check, here are six things you may want to consider doing with it.
In the past decade we have witnessed a phenomenon unprecedented in history: negative nominal rates. Negative nominal rates have become the norm in Europe and have been exhibited in the Treasury Bill market here in the U.S. on several occasions over the past 12 years, including just this spring. How is this possible?
The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law on March 27, 2020. This law was created in response to the COVID-19 pandemic, which has had a tremendous impact on the financial and physical health of Americans and businesses across the country. While there are many facets to this new law, one area in particular has presented an interesting opportunity for retirees. We’ll discuss the recent change to required minimum distributions (RMD) and why you may want to consider taking advantage of this opportunity.
Throughout the first half of 2020, citizens around the globe have been feeling the detrimental physical and financial impacts of the COVID-19 pandemic. As of April 21, 2020, deaths in America climbed above 39,000. Throughout March and April, families across the country have continued to practice social distancing and follow strict stay-at-home orders.1