• Home
  • About
    • Our Team
    • What is a certified financial planner?
    • About our flexible fee system
    • What We Do
  • Services
    • Wealth Management & Financial Planning
    • Investment Planning
    • Spirit Fiduciary Partners
    • Retirement & Estate Planning for Texas A&M University employees
  • Current Clients
  • Internship Opportunities
  • Blog
  • Newsletters
  • Contact
TRADITIONS WEALTH ADVISORS
  • Home
  • About
    • Our Team
    • What is a certified financial planner?
    • About our flexible fee system
    • What We Do
  • Services
    • Wealth Management & Financial Planning
    • Investment Planning
    • Spirit Fiduciary Partners
    • Retirement & Estate Planning for Texas A&M University employees
  • Current Clients
  • Internship Opportunities
  • Blog
  • Newsletters
  • Contact

COVID-19 Donation

5/20/2020

0 Comments

 
Picture
As president of the B/CS Aggie Quarterback Club, Brien helped deliver the donation for the COVID-19 Charity Fund.
0 Comments

CARES Act

5/13/2020

0 Comments

 
CARES Act -

The Coronavirus Aid, Relief and Economic Security (CARES) Act is an estimated $2 trillion federal relief package designed to combat the harmful economic effects of the COVID-19 pandemic. 

INDIVIDUALS -

  • For retirement savers who need to tap tax-deferred savings
    • Waives 1% early-withdrawal penalty
    • Can spread income tax payments over the next 3 years
    • Withdrawals can be repaid to the retirement account within 3 years of the distribution
    • Not subject to 20% tax withholding
  • For retirement savers who prefer to delay distributions this year, required minimum distributions (RMDs) are suspended in 2020 for retirement account owners and beneficiaries. 
    • This applies to traditional, Roth, SEP and SIMPLE individual retirement accounts, as well as 401(k), 403(b) and governmental 457(b) plans
    • Have until the end of 2021 to start taking distributions
    • Those who have taken an RMD in the past 60 days may have the option to undo it.
  • Retirement accounts that are currently subject to the five-year rule following the account owner’s death may skip counting 2020 among the five years.
 
SMALL BUSINESSES - 

  • Businesses with fewer than 500 employees — including sole proprietors, independent contractors, “gig economy” workers and anyone otherwise self-employed — can apply for loans of up to $10 million, or 2.5 times total payroll expenses for the loan period.
    • Those who are able to access funds can use them to help pay for payroll costs and other expenses, such as mortgage payments, rent, utilities and other debt service from February 15 to June 30. 
    • At least 75% of the loan must be payroll and payroll costs (salary, wages, commissions, and tips)
    • Capped at $100,000 for each employee.
    • The portion of the Paycheck Protection Program Loan that was used for the first eight weeks of payroll costs, interest on mortgage obligations, rent, and utilities is eligible for permanent forgiveness.
    • 501(c)(3) charitable organizations with fewer than 500 workers can qualify as well. All entities must have been in operation as of February 15, 2020.
  • Expansion of the SBA Disaster Loan Program
    • This expansion enables sole proprietors to access disaster loans and enables them to receive a working capital loan to overcome the temporary loss of revenue.
  • The employer’s portion of Social Security payroll tax payable in 2020 may be deferred until January 1, 2021, with the first half of the deferred 2020 payment due at the end of 2021 and the second half due at the end of 2022.
  • Employers may be eligible for up to one year of credit against the employer’s 6.2% share of Social Security tax for a business that is fully or partially suspended due to government orders, or where revenue in a quarter in 2020 is less than 50% of the revenue in the same quarter last year.
0 Comments

Congrats to Madison & Meredith!

5/11/2020

0 Comments

 
We are so proud of our Texas A&M Graduates, Madison and Meredith! It was not the way they wanted to leave TAMU, but they handled it with such resilience working hard from home for Traditions Wealth Advisors while studying through online classes to finish up their degrees during a pandemic. Thank you for all you have accomplished for the TWA clients and staff! You will be missed, but good luck in your next adventure! Madison will be moving to the Woodlands to work for PPC Loan as a closing coordinator. Meredith will continue to work for TWA full time while she finalizes her next steps. Congrats class of 2020, whoop!
0 Comments

Market Commentary Q1 2020

5/4/2020

0 Comments

 
Traditions Wealth Advisors—Market Commentary- Q1, 2020

The Coronavirus has left no person unaffected by its incredible suffering and loss of lives.  While it is easy to be consumed by negativity, we remain positive.  We have seen our government utilizing both monetary and fiscal policy to a capacity never seen before.
  • Washington has passed the largest economic stimulus package in history and stands
  • ready to stimulate more.
  • The Federal Reserve has cut short-term interest rates to zero and has implemented it’s largest and most comprehensive asset purchasing program ever.
  • Modern medicine and human ingenuity will likely help save many lives and eventually find a vaccine.
  • Humanity has pulled out all of the stops to defeat the Coronavirus, and we shall prevail.
Some doomsayers are forecasting a depression. It is said that in the 1930’s Roosevelt willingly experimented with economic policy which probably did more to lengthen the depression than to halt it.  Some of the policies created were:
  • The Fed tightened monetary conditions
  • Income taxes were increased on corporations and individuals
  • The federal government regulations increased meaningfully
The policies made during the Great Depression were indeed a mistake. Three for three as far as policy mistakes are concerned.  Today, monetary and fiscal policymakers are obviously not making the same mistakes as those made in the 1930’s.

Historically, large stock selloffs as recently experienced have presented buying opportunities for serious long-term investors.  Remember that short-term fluctuations are meaningless.  Today, insider buying is at levels not seen since 2008-2009.

We remain optimistic.  Long-term investors have always been rewarded by taking advantage of buying opportunities when others are fearful.  And although this pandemic is horrendous, never underestimate the power of prayer.

Traditions Wealth Advisors is here for you. We will slowly be coming back to the office next week, but only 1 or 2 of us in the office at a time, while most employees will be working from home.  We look forward to hearing from you.
​
Brien, Sarah and Michael
0 Comments

    Archives

    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    October 2018
    August 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    August 2017
    January 2016
    December 2015
    September 2014
    June 2014

    Categories

    All
    Fee Only
    Financial Advisors
    Personal Information Security

Let our team work for you. Call 979-694-9100 or
email michael@traditionswealthadvisors.com.


Picture
TRADITIONS WEALTH ADVISORS
2700 Earl Rudder Frwy South, Ste. 2600
College Station, TX 77845
OUR SERVICES
- Wealth Management & Financial Planning
- Investment Planning
- Spirit Fiduciary Partners
- Retirement & Estate Planning for Texas A&M University employees

VISIT OUR BLOG:  Stay current with industry news and tips.
Picture
Picture


ADV  |  Privacy Policy
© COPYRIGHT 2015. ALL RIGHTS RESERVED.
  • Home
  • About
    • Our Team
    • What is a certified financial planner?
    • About our flexible fee system
    • What We Do
  • Services
    • Wealth Management & Financial Planning
    • Investment Planning
    • Spirit Fiduciary Partners
    • Retirement & Estate Planning for Texas A&M University employees
  • Current Clients
  • Internship Opportunities
  • Blog
  • Newsletters
  • Contact