Timely Resources
Don't Panic: A Timely Resource to Focus on the Bigger Picture
“Don’t panic.” Advice that seems more difficult to follow these days. Because of the novel coronavirus (COVID-19)’s effects on the financial markets, not panicking may be easier said than done.
CARES Act
Americans who have been adversely affected by the COVID-19 pandemic may be able to access money in their retirement accounts to help cover daily expenses. The IRS recently amended their guidelines to the CARES Act, allowing more Americans to access money in their retirement accounts penalty-free.
Pullbacks, Corrections, and Bear Markets
When the market drops, some investors lose perspective that downtrends, and uptrends, are part of the investing cycle. When stock prices break lower, it's a good time to review common terms that are used to describe the market's downward momentum.
Your Emergency Fund
A 2019 Bankrate survey found that 28% of Americans had no emergency savings. Another 25% of respondents said that the cash they had on hand would last less than three months in a financial crisis. Read to find our how much is enough for your emergency fund.