Investments & Wealth Management
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October Market Recap
The Markets (as of market close October 31, 2023) Stocks declined for the third straight...
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Navigating Retirement Pitfalls
Much is written about the classic financial mistakes that plague start-ups, family businesses, corporations, and...
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2023 Quarter 3 Market Recap
The Markets (third quarter through September 29, 2023) The positive momentum of the first two...
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Assess Your Life Insurance Needs
If your family relies on your income, it’s critical to consider having enough life insurance...
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August Market Recap
The Markets (as of market close August 31, 2023) August proved to be a tough...
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July Market Recap
The Markets (as of market close July 31, 2023) Stocks closed higher in July, with...
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2023 Quarter 2 Market Recap
The Markets (second quarter through June 30, 2023) Wall Street proved resilient during the second...
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SECURE 2.0 Act Expands Early Withdrawal Exceptions
Tax-advantaged retirement accounts such as 401(k) plans and IRAs are intended to promote long-term retirement...
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May Market Recap
The Markets (as of market close May 31, 2023) The markets in May were marked...
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How Taxes Impact Your Retirement-Income Strategy
Retirees face several unique challenges when managing their income, particularly when it comes to taxes....
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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