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Do you ever sometimes wish you could go back in time? As financial planners we often dream about taking advantage of certain tax laws before they change, or knowing stock market returns in advance (because no one can consistently predict the market correctly!). Speaking of which, no one was predicting a global pandemic at the start of the year and knowing that in advance may have altered how many individuals would have handled their required minimum distributions from retirement accounts. Similar to 2009, RMDs do not need to be taken in 2020 thanks to the CARES Act. But this rule change did not occur until the end of March. Luckily for those who did not procrastinate, the IRS released additional changes to returning RMDs and taking other distributions from retirement accounts. Here's what you should know about these new rules.

In recent history, The Thrift Savings Plan has not been able to quickly adapt to required changes to the TSP that were part of federal legislation. The TSP’s response to the important temporary changes in the CARES Act is no different, as it is taking four months for them to fully implement changes that were supposed to be offered to participants as quickly as possible. Below is a summary of what the TSP has already done and what still has to be completed, along with a non-CARES Act major change to the TSP.

If you're like many Americans, the stock market has been the least of your concerns recently. Between a global pandemic and extreme economic uncertainty, there are much more important matters to be concerned with. In fact, many of you are likely avoiding looking at your investment statements because the decline (which isn't a bad idea). For those who have been watching the stock market, you may have noticed that stocks increased fairly substantially in April, with the S&P 500 up over 14%. But what exactly does this mean? Are we out of the woods, at least financially? Should you alter your investment strategy? These are important questions many investors are asking right now.

Last week the Federal government passed a massive $2 Trillion (yes with a T) stimulus bill in response to COVID-19 and its impact on individuals and businesses alike. Many financial stimulus measures were taken in the bill. Here are some of the key details that you should know about.

Health and finances are likely the only two topics on most people's minds these days. How can you keep yourself and your loved ones safe and healthy through this pandemic? And what should you do with your investments during this recent market drop? Managing your investments prudently and resisting the urge to sell stocks while the market is down are certainly important financial planning considerations. However, as financial advisors, we wanted to highlight other crucial financial planning areas that often don't get as much attention in the news media.

If you've been watching the news recently most of the information about the stock market has been dismal. You've probably read headlines that scream intense verbiage like "Stocks Collapse!", "Stocks Get Punished!", "Stocks in Free-Fall!" or something of the like. You've probably heard financial jargon thrown around such as "bear market", "volatility" or "recession" as well. Your retirement account has almost certainly lost value and with all this negative news and you may be worried and considering selling your investments too. Before you pull the trigger. . .STOP.