Retirement
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The Pre-Retirement Checklist
How prepared are you? Getting ready for retirement? Before you can cross that bridge, you’ll...
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How to Protect Your Retirement Savings from Creditors
Review the creditor protections that apply to retirement accounts.
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Can Debt Affect Your Retirement Plan?
Debt poses a growing threat to the financial security of many Americans — and not...
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Should You Pay Off Student Loans Early or Save More for Retirement?
Digging out from debt and saving for the future is a financial tug-of-war. Learn how to optimize your income for a healthy financial future.
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A Financial Wellness Plan Can Help Pave the Road to Retirement
A global pandemic gave reason to pause on our physical wellness, but often overlooked and equally important is financial wellness.
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Key Retirement and Tax Numbers for 2021
Every year, the IRS announces cost-of-living adjustments that directly affect retirement plans. Here are a few of the key adjustments for 2021.
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IRA and Retirement Plan Limits for 2021
Many retirement plan limits are indexed for inflation each year. While some remain unchanged for 2021, others have increased.
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Five Tips to Regain Your Retirement Savings Focus in 2021
If you find yourself among those feeling stressed about your retirement savings, these tips may help you focus your retirement savings strategy in 2021.
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Setting Retirement Goals and Planning for Tax Time
In general, Americans aren’t saving as much as we should. And when it comes to...
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Seeking Sun or Savings? Explore a Retirement Move
If you're nearing retirement, there's a good chance you have thought about living somewhere else. Here are some important factors to consider before moving.
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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