Posted: September 11, 2020

How Could the Upcoming Election Affect the Economy?

Blue Rock RiversEdge

2020 has been a whirlwind, and that excitement isn’t likely to slow down as millions of Americans prepare for the upcoming election. On the state-level, we will be selecting governors, representatives, and senators we believe have our best interest at heart; as a country, we will cast our votes for the next President of the United States.

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Posted: August 19, 2020

Where Should I Invest After I Max Out My 401(k)?

Blue Rock RiversEdge

It may seem counterintuitive, but saving for retirement as a high-income earner can be a bit trickier than it is for the average American worker. Not only are you tasked with saving more income to match or enhance your current lifestyle in retirement, but income caps and contribution limits on traditional and Roth accounts put hurdles in the way of saving enough to do so.

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Posted: July 20, 2020

The Paycheck Protection Program (PPP): Where are we now?

Blue Rock RiversEdge

In late March, Congress passed the largest and most extensive economic relief effort in American history under the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act. Since the passage of the CARES Act, the US Treasury and the Small Business Administration (SBA) have mandated and changed a number of the rules and stipulations pertaining to the Paycheck Protection Program (PPP).

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Posted: June 15, 2020

What to Do with Your 401(k) if You Lose Your Job

Blue Rock RiversEdge

The COVID-19 pandemic has forced millions of American workers into unemployment with many more worried about losing their job in the near future. Losing your job forces you to think about many tough questions, including where and how you will procure health insurance, and how long your emergency savings will last. But one of the most misunderstood questions is what to do with your employer-sponsored 401(k) retirement account. Option1: Keep the Plan  If you have more than $5,000 invested in your 401(k), more often than not, you can choose to leave your money invested in that employer’s plan. You will still be able to choose how your money is invested (per the confines of that plan) and take advantage of tax-free or tax-deferred compounding you wouldn’t get in a regular...

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Posted: June 1, 2020

Should You Cash Out a 401(k) Just Because COVID Says You Can?

Blue Rock RiversEdge

Amongst other retirement planning provisions, the CARES Act is temporarily allowing individuals impacted by the Coronavirus to access up to $100,000 from their 401(k)s and IRAs without the usual consequences. But, is it worth it? What are the long and short-term consequences of taking invested money out of your 401(k) early? What has changed? Typically, money withdrawn before age 59 ½ from your 401(k) would be subject to a 10% penalty fee as well as an automatic withholding of at least 20% of your withdrawal for taxes. Under the CARES Act, though, individuals affected by the COVID-19 pandemic are able to withdraw up to $100,000 from employee-sponsored retirement accounts like 401(k)s, 403(b)s, personal retirement accounts, traditional individual retirement accounts, or a combination of these without incurring the 10% penalty if...

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Posted: May 21, 2020

Take Your Eyes Off the Stock Market and Focus on These 3 Factors Instead

Blue Rock RiversEdge

“Where focus goes, energy flows.” -Tony Robbins  They say the grass is greenest where it is watered. Not unsurprisingly, the same adage is true when it comes to your finances. Where you devote your time and attention are where things tend to improve. But, there are some aspects of our financial lives that we can control with our actions, and others we cannot.

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Posted: May 6, 2020

Changes to Retirement Plans Due to COVID-19

Blue Rock RiversEdge

Change seems to be the name of the game in 2020 and retirement planning options for your 401k are no exception. With so much in flux since the passage of the $2 trillion CARES Act at the end of March, many of our clients are wondering what has changed and how it will affect their current plans. In an effort to keep you informed and making the best decisions with your 401k, we’ve broken the topic down into four main areas of concern: 1) Distributions 2) Loans and 2020 Repayment Extensions 3) Required Minimum Distribution (RMD) Suspensions 4) Funding Deadline for Cash Benefit and Cash Balance Plans

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Posted: April 7, 2020

Is Your Business Prepared to Weather a Recession?

Blue Rock RiversEdge

Here are some tips to help keep your business afloat. While the past decade has logged a period of unprecedented economic growth, the events of 2020 have rattled both global markets and consumer confidence. While a prolonged economic downturn is a fate no investor prefers to endure, small business owners may have more to worry about. During the 2008 financial crisis, thousands of businesses were forced to close down their businesses for good. Or, their liabilities so heavily outweighed their assets by the time the economy turned, they were unable to ever recover. Because owning a business is such a personal endeavor and source of pride, losing one isn’t just devastating financially, but personally, as well. Luckily, steps can be taken to protect what you’ve built and batten down the...

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Posted: November 13, 2019

2019 Top Advisory Firm Award

Blue Rock RiversEdge

Blue Rock RiversEdge partner, Brian Carney, was in Chicago to accept the Investment News Top Advisory Firm Award.  Every year, Investment News acknowledges firms that excel in growth and performance.  Blue Rock RiversEdge was thrilled to be honored as a top Advisory Firm.  #INtopfirms. RiversEdge Advisors, LLC dba Blue Rock RiversEdge (“Blue Rock RiversEdge”) is a Registered Investment Advisor.

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