The Economy Sends Mixed Messages to the Market
Looking at the period from the first of June through this writing on July 9th, it is easy to see that the economy is sending mixed messages.
Should I withdraw funds from my 401k to help with expenses due to COVID 19?
As part of the CARES Act, Congress expanded distribution rules and added favorable tax treatment for 401k’s and IRAs.
Market Rallies Ignoring Bad News
In the last days of May, there appeared to be a disconnect between economic reality and the stock market. The market moved higher amid alarming economic numbers.
IRA Contribution Deadline Extended for 2019
The IRS has extended the filing deadline to July 15, 2020 which extends the IRA contribution deadline as a result.
What is the Paycheck Protection Program and who can apply?
The CARES Act contains programs to help small businesses survive this crisis and keep their workers employed. The Paycheck Protection Program provides up to $349 Billion from the US Treasury for loans to small businesses. Find out more.
Avoid Scams related to Economic Payments!
The IRS is warning taxpayers to be vigilant about scam artists how may contact you about the government checks soon to be distributed.