April 2020

April 2020

Roth IRA Conversion in the Era of COVID-19

Submitted by Alloy Silverstein Financial Services, Inc. on April 14th, 2020

Is it right for you?

The COVID-19 pandemic has shaken up nearly every aspect of American life. To say it’s been a difficult time would be an understatement.

However, difficult times may open doors to new possibilities. Businesses are changing their ways of operating, and individuals are exploring new avenues for investment. It may be time for you to consider some opportunities, as well.

Quarterly Economic Update for Q1, 2020

Submitted by Alloy Silverstein Financial Services, Inc. on April 13th, 2020

In this Q1 recap: COVID-19 hits the United States, followed by heavy economic volatility, government stimulus, and an as-yet untold human cost.

Key Provisions of the CARES Act

Submitted by Alloy Silverstein Financial Services, Inc. on April 1st, 2020

Distributions can be waived in 2020 for Inherited Accounts, 401(k)s, and IRAs.

Recently, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was signed into law. The CARES Act is designed to help those most impacted by the COVID-19 pandemic, while also providing key provisions that may benefit retirees.1

To put this monumental legislation in perspective, Congress earmarked $800 billion for the Economic Stimulus Act of 2008 during the financial crisis.1

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