The Financial Planning Blog
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When you think of the word “demons,” what comes to mind?
Don’t Get Snared by the Investors’ Dilemma Are you watching the financial market decline and worrying about losing the gains you’ve made in your investment portfolio?
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It’s no secret that we’re currently living through an unprecedented period of uncertainty, fear, and reactionism. In times like these, it’s easy to fall into the trap of letting those emotions impact how you manage your finances.
On March 27, 2020, the ‘Coronavirus Aid, Relief and Economic Security (CARES) Act’ was signed into law which waives the 2020 required minimum distribution (RMD) from individual retirement plans (Traditional IRAs, SEP IRAs, SIMPLE IRAs, and inherited IRAs and Roth IRAs), employer retirement plans (401(k), 403(b) and 457 plans).
On March 27, 2020, President Donald Trump signed into law the largest economic stimulus bill in U.S. history. The $2 Trillion Coronavirus Aid, Relief and Economic Security (CARES) Act is the third round of federal government support to address the coronavirus public health crisis and the associated economic consequences. The CARES Act providesa tremendous amount of financial support for individuals and businesses.
With the fear around COVID-19 and the market crash that comes with it, the knee-jerk reaction for people is to get out before they lose their investments.