Broker Check

Pullman Office

205 East Main Street

Pullman, WA 99163

Tri-Cities Office

1363 Columbia Park Trail, Suite 202

Richland, WA 99352


April 2020 Newsletter







A Quick Glance at the CARES Act...

For a full analysis of all that the CARES Act entails, check out T. Rowe Price's article: Coronavirus Relief: What You Need to Know

Recovery Rebate – Tax Credit. 
A $1,200 check is coming for many individuals ($2,400 for couples)...


Suspension of RMD Rules for IRA and 401(k) accounts in 2020. 
The Act permits a one-year waiver of required minimum distributions (RMDs)...


Relaxed Penalties on Early Retirement Account Withdrawals for Virus-Related Hardship.
The Act allows for a withdrawal of up to $100,000 in 2020 from retirement accounts without paying the normal 10% tax penalty under certain circumstances...

Enhanced Charitable Deductions in 2020.
The Act allows taxpayers to take an above-the-line tax deduction for charitable contributions of up to $300 for the 2020 tax year...


Expanded Unemployment Insurance Provisions and Benefits. 
The Act expands eligibility for unemployment benefits...




Small Business Emergency Loans and Grants; Tax Rules Relaxed or Tax Credits Granted to Businesses Affected.
The Act provides additional relief to small business owners...

Disclaimer: For any decisions involving taxes, we recommend that you consult with your tax professional on considerations and impacts to your specific situation. We are happy to contribute any additional financial information that will help them in the decision-making process.

How We're Staying Safe While Staying Connected...

How We're Staying Safe While Staying Connected...

  • Our advisors are working from home, meeting with clients online or over the phone


  • Cheryl, our office manager, is working remotely from her office in Clarkston


  • Our remaining staff are working at a distance to keep the emails, paper, and phone calls coming and going that keep us in touch with you
A Message From Cheryl, Working Remotely From Our Clarkston Office...

A Message From Cheryl, Working Remotely From Our Clarkston Office...

"Living in the L-C Valley and commuting to Pullman for many years never really phased me. But my trip is much shorter now…5 minutes. 'Social distancing' can get a person kinda down I miss my co-workers, family, and friends. But this note from my granddaughter, Maddie, gave me back the inspiration and faith I was starting to lose.  I want to share this with you all, and I hope it brings smiles to you as well.  Even though our front door is locked, we are all working remotely and are here to serve you.  Blessings to you ALL!"


For more of our thoughts and stories during these challenging times...

Check Out Our Blog

QUOTES AND QUIPS

"What lies behind us and what lies before us are small matters compared to what lies within us."

- Ralph Waldo Emerson

"I usually take a two-hour nap from one to four."

- Yogi Berra

Waddell & Reed is not affiliated with any other entities referenced.  (06/20)