The Coronavirus Aid, Relief, and Economic Security (CARES) Act offers about $2 trillion in funds to help the nation weather the pandemic. The portions of the law that are particularly relevant to individuals who participate in qualified retirement plans are highlighted in the document linked below.
In the days and weeks ahead, we will be providing content here that hopefully will help you cope financially with the COVID-19 virus. Some will be news updates, some will be planning suggestions, some may just be sayings and stories meant to educate and inform, while also putting a smile on your face…. but all are meant to help us as we navigate this new world. We are all in this together, and together we will get through it.
The U.S. equity market declined 20.9% in the first quarter, posting its worst quarterly performance since the 2008 Global Financial Crisis.
Plybon & Associates is open, working regular office hours (and then some!), and is ready to assist you in any and every way. We are all healthy, as are our families, and hope you are as well.
While it is easy to understand why some may be questioning their retirement plan choices, reactionary decisions to short term market conditions can lead to severe consequences down the road.
Today I’m not thinking about the future so much. I’m remembering the past and embracing today, and reminding myself that all three – past, present and future – are important.