What Happened to the Price of Oil?
On April 20, 2020, the price of a futures contract for West Texas Intermediate crude — the benchmark for U.S. oil prices — fell below zero for the first time in history, dropping more than 306% in trading on the New York Mercantile Exchange and ending the day at -$37.63 per barrel. Why did this happen?
Charting COVID-19 & The Stock Market
COVID-19 has severly impacted the global economy. Charts help with story-telling, perspective and analysis. Let’s dive into the story of COVID-19 as it stands today
Summarizing the CARES Act.
This emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here.
Due Date for Federal Income Tax Returns and Payments Postponed to July 15, 2020
Due to the Coronavirus pandemic, the due date for filing federal income tax returns and making tax payments has been postponed by the IRS to July 15, 2020.
Investor Coronavirus Update – Waiting it Out
Coronavirus cases continue to spike and the market continues to drop with uncertainty. The stock market just experienced it’s fastest 30% drop ever. Having a plan is crucial. Being diversified is crucial. When will we start to see a recovery?
Investor Update: Coronavirus Impact
From Feb 24 – Feb 28th the S&P 500 was down 12%, taking us back to levels last seen this past October. For perspective, the stock market drops about 10% every 11 months on average, so while 12% may seem like a blip on the radar, the velocity of the drop is what concerns investors. What does it mean?
The Coronavirus and the Global Economy
The Coronavirus has shook the global economy and the stock market. Investors are concerned with both the virus and the economic implications it may have for 2020. What does that mean and what do we know so far?
The SECURE Act and Your Retirement Savings
This long-awaited legislation expands savings opportunities for workers and includes new requirements and incentives for employers that provide retirement benefits. Here are some of the changes that may affect your retirement, tax, and estate planning strategies. All of these provisions were effective January 1, 2020, unless otherwise noted.
Big Changes with SECURE Act
The SECURE Act represents the most sweeping set of changes to retirement legislation in more than a decade. While many of the provisions offer enhanced opportunities for individuals and small business owners, there is one notable drawback for investors with significant assets in traditional IRAs and retirement plans.