Money Management Advisory Inc.

Social distancing has drastically changed the way we live and work. Here’s a look at how this might affect American life in the future: https://www.forbes.com//covid-19-will-permanently-change/

Some laid-off Americans are choosing to exit the workforce for good. Thinking about early retirement? Read more about it here: https://www.marketwatch.com//covid-19-crisis-sparks-early-

Amidst the current level of uncertainty, there are many companies out there who are changing their financial strategy to one of stakeholder capitalism. Read more about it here: https://www.fastcompany.com//the-covid-19-pandemic-is-spar

For those paying student loans, relief may be available. Federal student loan payments have been moved into automatic forbearance from now until September 30, 2020. Read more details here: https://www2.ed.gov/about/offices/list/ope/caresact.html

The CARES Act amended the rules for inherited 401(k)s, IRAs or Roth IRAs to suspend distributions in 2020. If you have questions, feel free to reach out, I’m happy to help. https://www.forbes.com//cares-act-drastically-changes-re/

Because of the CARES Act, you may not need or want to take your first RMD this year. Let’s talk further about how this impacts your financial situation. https://www.forbes.com//congress-suspends-required-minim/