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Somewhat Succinct Summary of the CARES Act. Part II

Part II – Effects on Retirement Accounts and Taxes By Jon Aldrich As promised in the first installment of the Somewhat Succinct Summary of the CARES Act, here is the sequel you have all been waiting for. But first, I mentioned in my last article, the unprecedented jump in initial unemployment claims last week to…

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Somewhat Succinct Summary of the CARES Act.

BLOG, MARKETS & ECONOMICS, TAXES  |  31 Mar 2020

Part I – The Recovery Rebates By Jon Aldrich Wow, March has been a doozy of a month for all of us. A pandemic has hit the world causing everyone to fear for their health and that of loved ones.  Most of us are on orders to stay at home to reduce the spread of…

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Could We Have Seen This Coming?

By Jon Aldrich I have been thinking about this a lot recently during these stressful times we are currently enduring. How did we not see the COVID-19 virus causing such an enormous economic and health crisis not only here in the U.S. but around the globe?  Of course, we all saw back in January that…

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Today’s Real Heroes

BLOG, MARKETS & ECONOMICS, OTHER  |  19 Mar 2020

By Jon Aldrich Source: https://www.ajc.com/blog/luckovich/mike-luckovich-the-frontlines/cLrwNVlsZdVZPIkJ6HGh6J/ The above cartoon which recently appeared in the Atlanta Journal-Constitution drawn by Mike Luckovich really struck a chord with me. A modern day version of the famous Iwo Jima photo from World War II which depicted our heroes from that era raising the flag on the Pacific Island near the…

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Darkest Before Dawn

BLOG, MARKETS & ECONOMICS  |  16 Mar 2020

By Jon Aldrich Source: https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6 I keep thinking I am in the middle of a bad dream and that I am going to wake up and we are back to how life was just a few weeks ago. But, alas, that is not the case as this nightmare that 2020 has become is still ever-present….

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We Have Been Here Before

Many of the same emotions as 9/11 and 2008 have returned By Jon Aldrich As all of us that lived through it, I remember September 11, 2001 very well. One of the things that has always stuck with me was how gorgeous a day it was across most of the country. The sky didn’t have…

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Well, That Escalated Quickly

BLOG, MARKETS & ECONOMICS  |  9 Mar 2020

By Jon Aldrich Just like that scene in the movie “Anchorman” when Ron Burgundy declared “Well, that sure escalated quickly”, after the big melee with the other Action News Teams in the San Diego area, the action in the markets sure has escalated. Today, the markets dropped another 7.5% or over 2,000 Dow points as…

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So Now The Market is Finally Concerned About Coronavirus?

BLOG, MARKETS & ECONOMICS  |  26 Feb 2020

By Jon Aldrich I am writing this on a plane heading to Arizona for my annual golf trip and a little bit of actual work. It never fails, when I go on a trip for a few days, the market often has a temper tantrum. This time it is fears of the Coronavirus and a…

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Should we “Curb Our Enthusiasm”

By Jon Aldrich 2019 was a great year for stocks, bonds and virtually every investable asset class. This was a welcome follow up to 2018, when virtually every asset class except cash went down. The nice thing, though, is that just about everything went up much more in 2019 than they went down in 2018….

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The SECURE Act and How it May Affect You

By Jon Aldrich It seems like every year, just days before the ball drops in Times Square, Congress passes and the President signs new legislation that affects taxpayers. This year was no different as the SECURE Act, which contains some significant changes in certain retirement accounts was passed on December 19th, and signed into law…

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