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If you're a decade or so away from retirement, you've probably spent at least some time thinking about this major life change. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more time with friends and family? Should you consider relocating? Will you continue to work in some capacity? Will changes in your income sources affect your standard of living?
In our commitment to provide ongoing communication and leadership, we are sharing with you the outcomes of our most recent economic committee meeting for the Freedom Capital Management Strategies®. This quarterly update provides insights from our economic committees findings on the macro-economic environment.
This report is available in both video and print formats.
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) is the third significant piece of federal legislation recently enacted in response to the COVID-19 pandemic. This latest law follows the Coronavirus Preparedness and Response Supplemental Appropriations Act and the Families First Coronavirus Response Act (“FFCRA”), which were signed into law on March 6 and March 18, 2020, respectively. Collectively, these three laws combine broad-based economic stimulus with targeted measures aimed a propping up the U.S. economy and workforce.
As more and more businesses begin reopening their offices, many have asked, "What should we do if an employee contracts COVID-19?". This is a serious question, for serious times and we wish to address it.
When you determine how much income you'll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your income won't be enough to meet your needs. If you find yourself in this situation, you'll need to adopt a plan to bridge this projected income gap.
Delay retirement: 65 is just a number
As more and more offices begin the process of reopening, workplace safety is a top priority for everyone. Today, we would like to share a checklist designed to keep your employees, clients, and vendors safe during this uncertain time. You can access the checklist using the link below. We hope you find it useful.
Patient First is now bringing Physician consultations to you through Telehealth services.
Telehealth is currently available to patients in Maryland, Virginia, Pennsylvania, and New Jersey. If you live in one of those states, have been treated at a Patient First facility within the past five years, and are at least 18 years old, you can speak with a Patient First Physician through your smartphone, tablet, or computer.
Dear Brooks Financial Group (BFG) Family,
On May 12, the IRS released two notices allowing employees during 2020 to make changes to their enrollments in employer-sponsored health plans, and to adjust pre-tax contributions to health flexible spending accounts (FSAs) and dependent care flexible spending accounts (Dependent Care FSAs).