In this month’s recap: The CARES Act moves to assist Americans quarantined by COVID-19, providing relief with a $2T stimulus package; markets worldwide react to coronavirus-related volatility.
Avantax stands by our side, and yours, as we help you make informed financial decisions in these extraordinary times.
With the spread of COVID-19 and its financial impact on businesses, plan sponsors may need to preserve cash flow by reducing their 401(k) contributions, and employees may need money from their 401(k) accounts for the necessities of life.
If the Coronavirus’ effect on the markets has taught us anything, it’s that every single person reading this should start the process of creating an emergency fund.
If you’re a beginning investor, it’s likely you’re concentrating on building your portfolio. But as important as it is to build that portfolio, you should also ensure that it’s diversified.
During a crisis, you need answers, and your financial advisor knows this. It is a scramble to find the right information, and sometimes you do not even know whom to call. So, what do you do?
Concern remains elevated about the coronavirus behind an epidemic in China and dozens of other countries. The number of people newly diagnosed with the illness caused by the virus appears to be on the decline in the epicenter of Hubei Province, China, though it is still high.
As a business owner, ascertaining the value of your business is essential for a variety of reasons, including business succession, estate tax estimates, or qualifying for a loan.
The SECURE Act passed into law in late 2019 and changed several aspects of retirement investing. These modifications included modifying the ability to stretch an Individual Retirement Account (IRA) and changing the age when IRA holders must start taking requirement minimum distributions to 72-years-old.
Thinking about exiting your business should not stir up doubt and trepidation. With a solid exit plan, you can head into the next chapter of your life with confidence, ready to take on whatever comes. We understand that exit plans can be enigmas if you have never considered one before, so let’s go over some questions you may have.
The world is in the midst of another modern-era global health scare that few saw coming and few imagined the repercussions. In just two months’ time, a new virus strain has emerged from an old virus. The reaction has certainly been a “grey swan” event with panic and herd-like behavior that has significantly impacted global commerce and human interactions.
Investing is a marathon, not a sprint. It takes guts to stick to your plan and avoid selling into a bad market. There are ways to avoid the pitfalls of emotional investing — here’s a collection of a few to remember.