Author :
Patrick Carroll

Obsidian Market Update 3/27/20

Obsidian Market Update 3/27/20
Obsidian Market Update 3/27/20
Good afternoon,

As we continue to monitor the COVID-19 pandemic closely, Obsidian Planning Solutions is dedicated to the health and safety of our clients and employees. We are also keeping our eye out for resources to help all of you.

In response to Governor Hogan’s most recent mandate, please rest assured we are considered an essential business and will continue to be available. Thankfully, we are completely set up with an IP phone system, and a secure network. We are able to work and meet with you remotely to comply with social distancing. If we need to schedule an update or review meeting with you, we can either do it via a remote meeting platform or we can mail you the documents and talk with you over the phone.

All of our newly implemented plans and procedures are responsive to information we are receiving from the CDC, OSHA, federal, and local authorities. As the situation progresses, we will keep you updated.

The stock market has reacted on the upside for the past few days, although we do expect some volatility in the near future. We want to alert you of a proposal to lift the minimum required distribution this year, so we urge any of you who do not need that distribution to live on  and to wait to do the withdrawal for now.

Finally, here are some resources that may be of use to you in this time:

The SBA is issuing disaster relief loans for small businesses. Apply online here.

Maryland businesses can also apply for the Maryland COVID-19 Emergency Relief Fund here.

If you need help with your application for either of these programs, give us a call.

The Small Businesses Development Center has more information here.

Updates on COVID-19 are available from Johns Hopkins University Coronavirus Resource Center here.

Stay safe and well, and please let us know how we can help you.
Past performance is no guarantee of future results.  Securities offered through Triad Advisors, member FINRA/SIPC. Advisory Services offered through Obsidian Personal Planning Solutions, LLC. Obsidian Personal Planning Solutions, LLC, and Obsidian Personal Planning Solutions, Inc, are not affiliated with Triad Advisors.

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