The New Capital Journal
Financial news, views, advice, and guidance.
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CARES Act: Retirement Plan Relief Provisions
The CARES Act includes provisions for retirement plan relief for individuals under federal tax law.
Special Markets Update 2020 #6 - April 10, 2020
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Market Week: April 13, 2020
The week started out with a bang as stocks soared in value on Monday with each of the benchmark indexes posting sizable gains.
Q1 Market Review
This Q1 Market Review features world capital market performance and a timeline of events for the past quarter.
Government Acts to Blunt Financial Impact of Global Pandemic
With lives and livelihoods at risk, the Federal Reserve, state governments, and the federal government have responded with a full slate of emergency measures.
Coping with Market Volatility: Continuing to Invest May Help You Stay on Course
In the current market environment, the value of your holdings may be fluctuating widely — and it's natural to feel tentative about further investment.
Special Markets Update 2020 #5 - April 3, 2020
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Market Week: April 6, 2020
Stocks continued to rally at the beginning of last week amid hopes of enhanced testing for COVID-19. But by the end of the day Wednesday stocks slid, with the S&P 500 and Nasdaq posting their largest single-day declines since March 18.
CARES Act Provides Relief to Individuals and Businesses
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law.
IRS has extended 2019 IRA and HSA Contributions
Along with the tax filing and tax payment extensions, the IRS has extended 2019 IRA and Health Savings Accounts (HSA) contributions to July 15, 2020.
Special Markets Update 2020 #4 - March 27, 2020
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Market Week: March 30, 2020
Stocks opened the week as they closed the previous one — in a tailspin. However, aggressive moves by the Federal Reserve late in the day, coupled with the hope of a massive aid package from Congress, helped push stocks higher during early trading Tuesday.
Coping with Market Volatility: Avoid Rash Decisions
A volatile market isn't the best time to do a complete makeover of your portfolio, especially if you have long-term financial goals you're trying to address.
Personal Loans: Avoiding Financial Complications
If you are considering offering to loan money to a loved one, there are administrative matters and some financial, tax, and regulatory considerations to cover to protect yourself and your relationship.
Due Date for Federal Income Tax Returns and Payments Postponed to July 15
Due to the coronavirus pandemic, the due date for filing federal income tax returns and making tax payments has been postponed by the IRS from Wednesday, April 15, 2020, to Wednesday, July 15, 2020.
Federal Student Loan Borrowers Get Some Relief Due to COVID-19
On March 20, 2020, the Department of Education announced terms for student loan relief for tens of millions of borrowers in response to COVID-19.
Fidelity Mobile Deposit Limits Increased
Fidelity has temporarily increased the mobile check deposit limit to $100,000 in order to allow customers to make large deposits from the comfort of their own home.
Special Markets Update 2020 #3 - March 20, 2020
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Bear Markets Come and Go
The longest bull market in history lasted almost 11 years before coronavirus fears and the realities of a seriously disrupted U.S. economy brought it to an end.
Market Week: March 23, 2020
Following the Fed's latest interest rate cut last weekend, stocks opened markedly lower on Monday, prompting the third circuit breaker in the last six sessions as trading was halted only seconds after the opening bell.