Financial Resources & Insights

The amended rules under the Coronavirus Aid, Relief, and Economic Security (CARES) Act provide flexibility for health-care spending related to the ongoing COVID-19 pandemic.

A major catalyst for difficulty in keeping our spirits elevated during periods of stock market calamity is a mistaken perception that stocks and bonds are money. Expecting securities representing claims on future income to act as stores of value in a system characterized by fluctuating interest rates is a recipe for disaster.

Throughout March 2020, as it became increasingly evident that the economic impact from the COVID-19 pandemic would be both profound and prolonged, Congress passed several pieces of legislation with provisions to help small businesses shore up their coffers and keep employees on the payroll.

The death of the longest Bull Market in history was swift, although not painless. As we survey our accounts and find individual stocks down significantly, we would be well served by implementing strategies to mitigate the impact of temporary declines, so that when security prices have recovered your tax position and net worth are enhanced.

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis.

Reviewing our philosophy on investment management and the various techniques and strategies that Basepoint Wealth and our advisors are implementing specific to portfolio and financial strategies during this period of heightened market volatility.

Since we have not experienced a bear market in over 11 years, it is important to remember that falling equity prices are a normal part of investing. It does not matter what panic we find ourselves mired in, it will feel like the worst, it will feel like it’s different this time, and it will feel like the world as we know it will never be the same.

When red flashes on the screen and security prices start to drop, it may feel like the situation requires urgency, and that any action is better than no action. But our perspective is that every decision we make must be based on facts and experience, and further, must help you get closer to reaching your goals than the actions we have already taken.

2020 Education Tax Planning including deductions and education savings plans.

2020 Retirement Plan, IRA and Fringe Benefit Limits