Investments & Wealth Management
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July Market Recap
Stocks, the Dow and most market sectors thrived in July.
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Building a Solid Financial Foundation
When you read about money matters, you may see the phrase, “getting your financial house...
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2024 Quarter 1 Market Recap
The Markets (first quarter through March 29, 2024) Wall Street got off to a fast...
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9 Facts About Retirement
Retirement can have many meanings. For some, it will be a time to travel and...
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February Market Recap
The Markets (as of market close February 29, 2024) Stocks ended February on a high...
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Four Key Objectives of a Sound Retirement Plan
A sound retirement plan should be based on your particular circumstances. No one strategy is...
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January Market Recap
The Markets (as of market close January 31, 2024) Stocks closed January generally higher. Each...
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How to Bake a Pie-R-A
Roth IRAs are tax-advantaged differently from traditional IRAs. Not sure whether a Traditional IRA or...
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November Market Recap
The Markets (as of market close November 30, 2023) Stocks rose notably in November following...
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Year-End 2023 Tax Tips
Here are some things to consider as you weigh potential tax moves before the end...
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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