In response to the COVID-19 global pandemic, the US Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency fiscal stimulus package, in order to help ease the damaging effects it has had on the economy. The President signed it into law March 27th, 2020. Here are the 5 most important items I believe everyone should know.
Even though our offices are closed, we are working tirelessly from home for our clients. Here's a message from some of our team on the current market conditions relating to the coronavirus. We hope everyone stays safe and healthy. To learn more go to: https://turowskihitchcock.com/resources
Is your financial advisor a fiduciary? Maybe you assume he/she is but it's important to educate yourself on the differences between a fiduciary vs. salesperson.
What if right when you retired and started taking income from your nest egg you built, there is a market downturn that year or year after? Negative returns early in retirement may drain your assets far quicker than you had planned.
If you're switching jobs, its time to review your old 401(k) account. Know the facts before you choose between rolling over, withdrawing or leaving it alone.
Financial Advisors are often like sports coaches, they help identify big-picture goals and then help align behaviors with those goals. This often takes a lot practice and communication over time. So just like coaches don't go to just one practice to help coach a hockey team during the season…clients should not be a one-and-done transaction either.