The Week Ahead: June 29, 2020: Register For Our Exclusive (Client Only) Goldman Sachs Webinar with Market Updates and Find Out How Safe It Really Is to Eat Out Again …all this and more in The Week Ahead!

The Week Ahead

Your Weekly News and Updates

June 29, 2020

Friday, July 3rd, Taylor Financial Group will be closed in observance of the Independence Day Holiday.

Need a Patriotic Movie to Watch on the Fourth of July?

1776 is a classic musical that follows the Founding Fathers as they sing their way through the establishment of America and the signing of the Declaration of Independence. This is one of Debbie’s all time favorite musicals – not only educational but actually funny, with Blythe Danner as Mrs. Thomas Jefferson! What better time to hum along than on Independence Day?

TIME IS RUNNING OUT! REGISTER NOW!

EXCLUSIVE CLIENT ONLY WEBINAR: THIS THURSDAY, JULY 2, 2020 AT 12:30PM!

Exclusive Client ONLY Event:

On Thursday, July 2 at 12:30pm, Candice Tse from Goldman Sachs on this Webinar, this time for clients only:

After the Run Up: Goldman Sachs on Their Outlook and the Investment Themes That Matter

Candice Tse, Managing Director, U.S. Head of Market Strategy, From Goldman Sachs will be our special guest speaker! She will be sharing their forecast for the rest of 2020.

Reasons To Attend Our Webinar:
  • Find out what Goldman’s new outlook really means, straight from the source.
  • Find out where the specific investment opportunities are now.
  • Learn why active management matters.
  • Find out what Goldman is buying and what they see for going forward.
  • Gain exclusive insights from Goldman Sachs into the market recovery.

Click here to register!

Every week, we will provide you with an updated COVID-19 Index that uses stoplights to indicate the financial stress on our health, economy and markets. It reviews the critical data points and addresses where we are and then provides an Overall Assessment.

Click here to access your own copy!

IRS Guidance on Waiver of 2020 RMDs — IRS Allows January RMDs to be Paid Back to Retirement Account by August 31, 2020

As we have previously discussed, the CARES Act eliminated required minimum distributions (RMD’s) for 2020 in light of the coronavirus pandemic. As you will recall, you are not required to take your RMD for 2020, and for those who took their RMD, we were allowed to “pay it back.” By not taking the distribution, we were able to save taxes in many instances…Read More

FILE YOUR TAXES AND FUND YOUR IRAS BEFORE JULY 15

The filing and tax payment deadlines have been extended from April 15 to July 15, 2020. You also have until July 15, 2020 to contribute to your 2019 IRA. If you have already filed your 2019 returns, click here for information on how to send them to us.

RETIREMENT

How to Keep Health Care Costs Under Control in Retirement

Article Provided by Taylor Financial Group, LLC

Although the government may subsidize some of your health care costs under the Medicare program, you will still be responsible for certain out-of-pocket costs. You will want to do everything in your power to prepare for these costs, as well as avoid unnecessary costs like late enrollment penalties, overpriced private plans, and superfluous trips to the doctor…Read More

CORONAVIRUS UPDATES

Retail Sales Set Record Jump Going Back to 1992

Article Provided by Taylor Financial Group, LLC

On June 16, 2020, the U.S. Commerce Department reported that U.S. retail sales surged a whopping 17.7% in May, as consumers returned to shopping and spending. The data from the Commerce Department was especially encouraging since economists surveyed by Bloomberg only expected about an 8% increase and actual numbers were double expectations…Read More

HEALTH AND WELLNESS

Is It Safe To Eat At Restaurants Yet?

Article from Eater, Provided by Taylor Financial Group, LLC

America is in the early stages of reopening. After weeks of stay-at-home orders, more than 30 states have allowed nonessential businesses to reopen. This means that thousands of restaurants, after pivoting to takeout or closing altogether, are now legally permitted to open their dining rooms to customers…Read More

CURRENT STATE OF THE MARKET

Weekly Market Commentary 06.29.2020

Published by The Carson Group, LLC

The daily total for new virus cases topped 40,000 as a resurgence in the South and Southwest pushed new cases to an all-time-record high. Some states are reporting record hospitalizations and pausing or reversing reopenings. Initial unemployment claims, as shown in Figure 1, remain close to 1.5 million. Existing claims dipped below 20 million, but only barely as the labor market seems to be healing slowly…Read More

Quote of the week:

“Don’t be pushed by your problems. Be led by your dreams.”
– Unknown –

Tip of the week:

Ward off impulse buying with a 30-day list. If you feel like you have something, put it on your 30-day list. See if you still have the urge to buy it after 30 days. Chances are? You won’t.

Or, if you aren’t subscribed to receive our newsletter via email, sign up below in the webpage footer!

Have a question for Debbie about retirement planning in Allendale, NJ?

Click here to schedule a 20-minute complimentary phone consultation

Get in Touch

In just minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Contact Us

Stay Connected

Business professional using his tablet to check his financial numbers

401(k) Calculator

Determine how your retirement account compares to what you may need in retirement.

Get Started