Monthly Archives: March 2020

The CARES Act: What do retirement plan sponsors need to know?

The new CARES Act (Coronavirus Aid, Relief, and Economic Security Act) stimulus package, designed to provide relief from the effects of the COVID-19 pandemic and quarantines, did not leave out retirement plans and retirement savers. The law includes several provisions that plan sponsors should be aware of, which are designed to help participants who may be struggling with additional financial burdens at this time. Below are some of the key provisions to be aware of: Read more »

How Will Government Spending Affect Your Financial Planning?

COVID-19 has taken an extraordinary toll on humanity in a few short months. The respiratory illness has killed over 22,000 people as of this writing and has caused global stock markets to come off of historic highs and drop toward recession. Governments around the world have responded to this crisis by cordoning off citizens and spending money at a breakneck pace. The United States’ similar response will have long-term impacts that may affect your financial planning today. This is the subject of today’s post – and an extension of my earlier post on financial planning in a bear market, which you can find here. Read more »

Have kids stuck at home? Check out these learning resources!

Arnerich Massena’s I AM Learning Partnership programs haven’t shut down due to the pandemic! Our community service coordinators are as busy as ever working to coordinate food, supplies, and learning resources for our students who are homebound. We have compiled a list of online resources to keep students engaged and learning, and wanted to share it for those of you who may have children or grandchildren with time on their hands and minds eager to learn! Read more »

Arnerich Massena Sponsors the Intentional Endowments Network (IEN) 2020 Higher Education Climate Leadership Summit

Arnerich Massena representatives headed to Atlanta, Georgia in February to attend the Intentional Endowments Network (IEN) 2020 Higher Education Climate Leadership Summit, the “largest national gathering of higher education presidents, chancellors, trustees, and other senior leaders working to accelerate climate solutions through all aspects of institutional activities,” including endowment investing. “It was great to see universities are actively moving toward aligning themselves with an ethos of long-term sustainability,” said Bryan Shipley, CFA, CAIA, co-CEO and co-CIO, who attended the summit and co-hosted a roundtable. “Hopefully this is the first step in moving beyond divestment and toward building true solutions.” His co-host, senior consultant Chris Van Dyke, CFA, CAIA, agrees. “They are definitely looking to become part of the conversation and taking a progressive and proactive stance. This is just the beginning of driving the needle forward, but we came away feeling reinvigorated in our commitment to building real investment solutions.” Read more »

One more reason you may want to convert to a Roth

Last week I wrote an article, Seven Reasons to Fund a Roth, on some of the reasons a taxpayer would consider rolling retirement funds into Roth accounts. Just after the article was posted, global stock markets subsequently endured their worst week in over a decade — giving me reason to amend my prior post, as the drop in stock valuations has made converting IRA funds to Roth funds less expensive than it was a week ago. If you believe the market is in a short-term correction and that equity prices will recover, you may want to consider funding a Roth. Read more »