Merry Christmas!
From all of us at McCall & Associates, we want to wish you and your family a very Merry Christmas. We are thankful for the opportunity to serve you. Check out the video below where Barry, Steve, and Austin share some of their favorite Christmas memories, as well as a special message for our clients.
Christmas Hours
As a reminder, our office will be closing at noon on Thursday, December 24th, and will remain closed on Friday, December 25th. Both offices will open back up at 8 A.M. on Monday, December 28th. If you need assistance before the long weekend, we would encourage you to give us a call at 615.370.4040.
Required Minimum Distribution Rules For 2020
Lately, we have been receiving calls from clients inquiring about their Required Minimum Distribution, or "RMD", for 2020. As a reminder, the CARES Act, passed in March, eliminated the requirement to take an RMD in 2020. If you choose not to take a distribution, your RMD will not be doubled next year as a result. In contrast, you are still able to take a distribution if you need to, but it isn't required. If you have any additional questions about this topic, please give us a call at 615.370.4040 or reply to this email. We'd be happy to help.
Congress Passes New Stimulus Bill
On Sunday, lawmakers agreed on a $900 billion stimulus bill that will be tied to a $1.4 trillion spending bill. The spending bill will fund the government through September 30th, 2020. While the bill is over 5,000 pages in length, initial reports are that an extension in unemployment benefits and the Paycheck Protection Program are included in the bill, as well as another round of direct payments to most Americans. We will keep you updated as more information becomes available.