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Category: Financial Industry

Everything You Need to Know About the COVID-19 CARES Act

On Wednesday, March 25, 2020, the U.S. Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, delivering a massive influx of cash for individual Americans, businesses and health care facilities reeling from the COVID-19 pandemic. The $2 trillion bill is the largest in U.S. history and is designed to stimulate the economy during the COVID-19 pandemic. The long-await...

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Category: Financial Industry

Economic Relief During the COVID-19 Crisis

The number of confirmed COVID-19 cases in the United States has now surpassed the numbers reported in China and Italy, and cases are continuing to climb. It’s too early to tell what the full economic impact will be, but we know it could be severe.  In light of the COVID-19 crisis and the National State of Emergency in the United States, unemployment is on the rise, and even working emplo...

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10 Ways the Secure Act Will Impact Retirement Savings

On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act. It went into effect on January 1, 2020, and brings significant changes for retirement and other financial planning. This new law does several things that will affect consumer’s ability to save money for retirement and influence how they use the funds over time. Here are th...

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5 Things Advisers Need to Know About the Fiduciary Rule in 2020

An Obama-era regulation that required all advisers working on retirement accounts to act as fiduciaries was overturned in court last year, but questions remain about what shape the proposal may still take moving forward. The rule created by the U.S. Labor Department required that broker-dealers consider only the client’s best interests — rather than commissions or fees — when providing r...

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