COVID-19 Information
This resource page is intended to provide perspectives regarding COVID-19 and its investment and financial planning implications.
COVID-19 FAQs Recorded Presentation (April 2, 2020)
Articles
Market Downturns: How Safe is Your Deferred Compensation Plan?
Your employer’s traditional 401(k) plan and deferred comp plan may look similar. They may be visible from the same website and they may appear to have the same investments, but they are different in one very critical way. The deferred comp plan is not protected if your employer goes bankrupt, while the 401(k) plan is protected. With the recent downturn in the markets and volatility likely to continue, it’s important that you understand the differences between the two types of employer plans and review if any adjustments need to be made to your participation or allocation strategy.
Creative Projects to Capture Memories and Get Organized
Many of us have been self-isolating now for nearly two months. Some of us are feeling the desire to maximize this time to devote to projects that will yield long-term benefits. What can you do to take advantage of this time? Are there some projects that are both easy and productive?Here are a few projects that may be interesting to you. We’ve come up with few ideas to help you share information, memories and stories with those you love for future generations, as well as get organized for the unforeseen.
Giving Back Amid a Crisis
One of Modera’s core values has always included supporting our local communities. We are aware that many people are and will continue to be affected by COVID-19, and we want to do our part
COVID 19 Planning Topic – School Refunds and Student Loan Relief
With so much information being shared at this time, we wanted to make sure you did not miss two very important issues related to educational funding that apply to anyone who 1) paid tuition for the spring 2020 semester out of a 529 account or 2) has student loan debt. Feel free to forward this to others in your life whom it may apply to.
The ‘Three R’ Approach to Managing Financial Stress
If you are feeling stressed about your finances lately, you’re not alone. According to a recent study by the National Endowment for Financial Education, nearly 9 out of 10 participants reported that that they were feeling more financial stress as a result of COVID-19.
Forbes: How These 19 Founders And CEOs Are Leading During The COVID-19 Crisis
Modera CEO, Tom Orecchio, was quoted in this Forbes article about leadership during the COVID-19 crisis.
Operational Updates
Modera’s physical office locations are closed for the time being, but we remain fully functioning with our staff able to process your servicing needs, and available to address your questions and requests. Our Advisory Team is available and reachable to answer any questions that you may have. Please reach out via email or phone – we’d be happy to chat with you.
We will post any operational updates on this page regarding COVID-19.