CARES Act Includes Relief for Retirement Account Owners

  • April 9th, 2020
  • Blog

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law. Notably, several provisions of the CARES Act deal with retirement accounts and offer relief to retirement account owners and/or beneficiaries in a variety of ways. We’ll answer some top-of-mind questions you may have about this aspect of the…

Retirement Plan Contributions and the PPP – Some Clarification

  • April 9th, 2020
  • Blog

April 9, 2020 – In recent days, the question arose as to whether retirement plan contributions for small businesses were covered under the CARES Act’s Paycheck Protection Program-now we have a definitive answer. Section 1102 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 creates a Paycheck Protection Program (PPP) to help…

CARES Act allows retirement accounts to provide cash relief

  • March 27th, 2020
  • Blog

March 27, 2020 – Known as the Coronavirus, Aid, Relief and Economic Security (CARES) Act (H.R. 748 as amended), the Senate voted and passed Wednesday night on this unprecedented $2 trillion stimulus bill covering every aspect of the U.S. economy, including retirement relief provisions.  The bill is expected to be approved by the House of…

Staying invested while the market is falling

  • March 24th, 2020
  • Blog

March 24, 2020 – When investors ask Dopkins Wealth Management Advisors the question, “Why should I stay invested while the market is falling?” they are really trying to gauge whether or not it is the right time to be in the market. The concept of “timing the market” is the root of this question and…

Wealth Management during the COVID-19 Period of Extreme Volatility

  • March 23rd, 2020
  • Blog

March 23, 2020 – Today we are sharing a chart that our investors might find useful during this period of extreme volatility. Your 401(k) retirement savings and the investments you have selected are important to your long term investment strategy and financial well-being. The market declines experienced over the past few weeks are unsettling. Still,…

The SECURE Act and Its Impact

  • December 30th, 2019
  • BAM Alliance

December 30, 2019 – Congress just agreed to a bipartisan appropriations bill that will help keep the government from shutting down. The just-signed, 1,773-page, $1.4 trillion 2020 spending bill means many Americans may need to rewrite their retirement plans. Attached to the spending bill, that Congress just agreed to, is a piece of legislation called…

What Happens When You Fail at Market Timing

  • December 17th, 2019
  • BAM Alliance

December 17, 2019 – The impact of missing just a few of the market’s best days can be profound, as this look at a hypothetical investment in the stocks that make   up the S&P 500 Index shows. A hypothetical $1,000 turns into $138,908 from 1970 through the end of August 2019. Miss the S&P 500’s…

How Much Can You Save for Retirement in 2020?

  • November 14th, 2019
  • BAM Alliance

November 14, 2019 – Recently the Treasury Department announced figures for retirement account savings for 2020; 401(k) contribution limits are up, along with most other retirement savings vehicles, yet traditional IRA contribution limits stay the same. For a printable copy of this article, please click here. Here is a breakdown of each plan’s new contribution…

A Long-Term Perspective in Wealth Management

  • July 2nd, 2019
  • BAM Alliance

Timing Isn’t Everything Over the course of a summer, it’s not unusual for the stock market to be a topic of conversation at barbeques or other social gatherings. A neighbor or relative might ask about which investments are good at the moment. The lure of getting in at the right time or avoiding the next…

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