Broker Check

April Newsletter

April 3, 2020

We are here for you. As a designated “critical business” we will continue to plan for your well-being, manage your portfolios, provide you with the highest level of service and guidance through these unprecedented times. We understand that there is much uncertainty surrounding us all as a result of the Covid-19 health crisis.

We are accessible.   We are generally working remotely.  We are communicating with clients through email and phone calls. 

We are here to talk with you.  Our Broker-Dealer, TD Ameritrade Institutional is also fully functional. Everyone at our Firm is committed to seeing you through these challenging times.

      Here are some resources to be familiar with:

CARES Act Rescue Package

The President has signed into law the Coronavirus Aid, Relief and Economic Security Act. The CARES Act will provide necessary relief to families and businesses as we all manage the COVID-19 health crisis and resulting economic conditions. Some of the major impacts from this Act are listed below:

  • 2019 tax filing and payment dates have been extended to July 15, 2020.
  • 2019 IRA and Roth IRA contribution dates are extended to July 15, 2020.
  • Required Minimum Distributions (RMD’s) for 2020 have been waived. 
  • Stimulus checks - up to $1,200 for individuals, $2,400 for joint taxpayers and an additional $500 for each qualifying child; the amount will be based on information from your most recent tax filings, either 2019 or 2018. If you have an adjusted gross income (AGI) of up to $75,000 ($150,000 MFJ), you should be eligible for the full amount of the rebate. These payments will be made soon, directly to the bank account where your last tax refund was deposited or sent via check to the last known address on file.  
  • Student Loan Payment Relief - the Act includes temporary suspension of payments for federal student loans until September 30, 2020. During this time, interest will not accrue.
  • Small business tax relief and payroll loans – The Rescue plan grants small business owners tax credits and defers payroll taxes through 2020, so they can continue paying employees. Employers will be eligible for the payroll tax credit if they keep workers employed amid Covid-19 related shutdowns. The Plan also provides loans to business owners with 500 or fewer employees, who continue to employ and pay workers. The loans are intended to prevent employee layoffs and cover payroll costs.
  • Covid-19 Scams - Please remain vigilant for scams related to Covid-19. Cyber actors are ramping up malicious emails and fraudulent websites during this chaotic time. Visit the Cybersecurity and Infrastructure Security Agency website:

This May be an Opportunity

With recent volatility in both equity and fixed income markets, these challenging times can present certain financial planning opportunities, such as: refinancing mortgages and improving tax diversification through Roth Conversions.

Keep in mind several of our favorite Warren Buffett gems: 

  • “Whether we’re talking about stocks or socks, I like buying quality merchandise when it is marked down.”
  • “For 240 years it’s been a terrible mistake to bet against America, and now is no time to start.”

We Will Get Through This Together!

As we navigate this ever-changing reality over the next few weeks, we will keep you updated on any changes or other important information. We are stronger when we come together and support one another. We will persevere through these challenges and we will emerge with greater purpose. We are here for you and grateful to have you in our community. If there is anything we can do to help or further support you during this time, please don’t hesitate to reach out to our team.  If you know of anyone that could benefit from our style of Intelligent Investment Management, please have them contact me directly at (970)-749-1761.

Be safe! Be well!

Intelligent Investment Management, LLP