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Among its countless impacts, the coronavirus pandemic led to the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which brought investors a number of changes to deal with this year. In addition, investors are seeing changes in 2020 that were created by the Setting Every Community Up for Retirement (SECURE) Act, which was signed late in 2019.
Given the extraordinary events surrounding the coronavirus pandemic, many of us already have looked for ways to contribute. What you may not know is that the Coronavirus Aid, Relief, and Economic Security (CARES) Act contains provisions to make it easier to take tax deductions on charitable donations in 2020.
If you have a Traditional Individual Retirement Account (IRA), you might be familiar with the regulation to take required minimum distributions (RMDs) beginning at age 72. What you may not know, however, is how that the Coronavirus, Aid, Relief and Economic Security (CARES) Act provides valuable RMD flexibility for 2020.
Results from the 2020 Election are pointing towards a divided government reducing the risk of significant policy changes and impact on market trajectory while advancements in COVID-19 vaccines and prospects of an accommodative Federal Reserve maintain a positive outlook for markets.
Whether you’re already investing or are just thinking about it, you should understand risk and the role it can play in a portfolio. And although it may seem simple enough on the surface, risk can be one of the most difficult concepts to grasp – especially for new investors.
Stocks sold-off on Monday as markets weighed spikes in COVID cases, stimulus gridlock in Congress, and a tightening race one-week ahead of the U.S. Elections. Equities booked their worst day since September as the Dow fell 650 points, the S&P fell by 1.9% and the Nasdaq Composite closed down 1.6%.
