On March 27, 2020, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act. Amidst the global COVID-19 pandemic, this act is designed to bring economic relief to individuals and businesses who’ve been affected by the resulting economic downturn.
Section 2202 of the act, titled “Special Rules For Use of Retirement Funds,” now allows those affected by COVID-19 to withdraw up to $100,000 penalty-free from their 401(k) or IRA.1
As we attempt to slow the spread of COVID-19, people across the globe are urged and ordered to stay home and practice social distancing. As thousands of companies around the world make the switch to remote work, it can take some time for employees to adjust to working from home full-time. Luckily, there are ways to make remote work easier on yourself, your employer and your coworkers. Below we’re offering seven useful tips you can use to make the most at your new office space.
Amidst the COVID-19 pandemic, it's important to remember the impact past pandemics have had on our country. We're discussing the direct impact pandemics have on the economy, and what we may want to prepare for now.
The rules of investing are similar to the rules of physical health. The information is widely known and not overly complicated. For physical health – 1) eat a balanced, healthy diet 2) exercise 3) get sleep. Yet, America and to a lesser extent the world is getting fatter and less healthy. The same concepts apply to investing – 1) Own a balanced portfolio 2) diversify 3) re-balance 4) hold strategy. None of these are revolutionary ideas and yet most of America doesn’t do this. These are some of my rules for portfolio creation.