CARES Act: What You Need To Know
On March 27th, 2020, the Coronavirus Aid Relief and Economic Security (CARES) Act was enacted to provide financial relief to those impacted economically as a result of the Coronavirus pandemic. IMA Wealth is waiting for additional guidance from the IRS and the Department of Labor to determine how we can best support our clients. We will continue to communicate more information as additional guidance becomes available, but here is a summary of what you need to know now and how IMA Wealth can help.
Recent market fluctuations have been nothing short of historic. COVID-19 and the surprise disagreement within OPEC shocked the market like nothing since the Global Financial Crisis, causing significant volatility in both the bond and equity markets. We sympathize with families and communities dealing with the virus. The health and well-being of our clients, families, and communities continues to be our top priority; together we can get to the other side. As conditions rapidly changed and turned into a pandemic, the question we are continually asked is whether to sell equities. It is important in uncertain times to be informed and not make emotional decisions.
Surviving Market Volatility During COVID-19
During this time, it may be somewhat comforting to remember that you are not alone. Everyone is wondering what the immediate future holds for the COVID-19 virus. Everyone else has the same fears and anxiety that you may be feeling right now.
- Avoid hitting the panic button
- Keep a long term perspective
- Maintain a diversified portfolio
- An more tips!
Webinar: New Retirement Partnership with EvoShare
IMA Wealth is partnering with EvoShare to revolutionize the way employees save for their retirement.