On March 27, 2020, in response to the COVID-19 global pandemic, Congress passed the Coronavirus, Aid, Relief, and Economic Security (CARES) Act (also known as HR 748). This is historic and sweeping legislation created to help keep workers paid and employed, allow businesses to remain operational, make necessary health care system enhancements and stabilize the economy.
Planning for College Expenses
Long considered a doorway to security and prosperity, college is now viewed as almost a minimum requirement for a promising career in today’s fast-paced economy.
Is market volatility good or bad? It may be both….depending on whether you are a seller or purchaser of stocks. When the volatility results in a market decline, it is more attractive to invest. Each dollar purchases more stock when prices are down. Therefore, market declines may be good for purchasers who have a longer time horizon before they need their investmen
It’s not just about the hike up the mountain. The most dangerous time on Mt. Everest is the journey down, not the ascent to the summit. Similarly, for most people, the “decumulation” phase of retirement planning can be more dangerous to a successful retirement than the accumulation of retirement assets.
Nearly every other week news breaks about another business that had its customer information compromised. The most significant of these breaches was Equifax…..a key credit -scoring organization that maintains critical information on nearly everyone.
So you are a fiduciary (trustee) of your company’s retirement plan and have never had a complaint from any of your employees. While that is certainly a good thing, don’t think that you have dispensed with all of your responsibilities that easily.