Four Questions on the Roth Five-Year Rule
The Roth “five-year rule” typically refers to when you can take tax-free distributions of earnings from your Roth IRA, Roth 401(k), or other work-based Roth account. The rule states that you must wait five years after making your first contribution, and the distribution must take place after age 59½, when you become disabled, or when …
Read moreMid-Year Is a Good Time to Fine-Tune Your Finances
The first part of 2020 was rocky, but there should be better days ahead. Taking a close look at your finances may give you the foundation you need to begin moving forward. Mid-year is an ideal time to do so, because the planning opportunities are potentially greater than if you waited until the end of …
Read moreApril Fools! S&P continues bounceback for a 17% gain
March was the longest year, but April seemed like a quick week. The S&P’s 17% gain for April made it the best April in several decades, continuing its 30% bounceback from the thrashing it bounced back from since late March. The long March and short April brought a few points home. Emotions are not an …
Read moreUpdated Guidance for the Paycheck Protection Program
Additional Funding On April 24, 2020, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act (PPP & HCE Act), which includes provisions for $310 billion of additional funding to restart the Paycheck Protection Program (PPP). The bill is the fourth passed to address the economic impact of Covid-19. In addition to the …
Read moreCoronavirus Distributions from Workplace Retirement Plans
Relief may be available for employees impacted by Covid-19. The Coronavirus Aid, Relief, and Economic Security (CARES) Acti was signed into law on March 27, 2020. For a short period of time, the Act allows participants affected by the Coronavirus to access funds in their retirement plan accounts through special withdrawal and loan provisions. The …
Read more
