Getty Much has already been written about the Flexibility Act, SBA Interim Rule changes, and EZ Forgiveness Application and instructions with respect to the Payroll Protection Act, all of which have been enacted and published since June 5th. While the updated Interim Rules are still far from clear or thorough, the limitations and procedures explained
Retirement
Pandemic Adds Psychological Stress To Financial Worries Getty Psychological stress exacerbates existing financial stresses. At the same time, financial stresses obviously contribute to psychological stresses. This vicious cycle is more widespread among non-white or Latinx people, widening already gaping wealth inequality by race and ethnicity. A large share of people suffers from psychological stress right
The IRS wants you to know that retirees may be targets of scams that relate to economic impact payments (EIPs). EIPs were authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Senior Woman Giving Credit Card Details On The Phone Getty The U.S. Treasury is in the process of paying EIPs to
null Getty PPP borrowers and their advisors are scrambling to determine how to manage their businesses and expenses to best facilitate loan forgiveness to benefit their businesses and employees. These two objectives are sometimes at odds, and the new 24-week testing period election, which most borrowers can meet, will have a powerful impact on business conduct.
Getty Social Security’s already-precarious financial condition will become worst because of the current economic downturn. The question many economists and policy analysts are trying to answer is: How bad will the system’s financial condition be? The trustees of Social Security issued their latest annual report in April, but the report didn’t include the downturn. The
TOPLINE Despite a minor sell-off on Friday, stocks have rebounded from the coronavirus recession strongly in recent months—too strongly, according to research from Vital Knowledge founder Adam Crisafulli, who believes investors are too optimistic about a quick economic recovery and the market is now overvalued. Investors aren’t paying “nearly enough attention to the enormous permanent
Good News: You Don’t Need An Existing Relationship With A Lender To Get A PPP Loan Deadline for small business owners to apply for financial aid is June 30, 2020. (Photo by ERIC … [+] BARADAT/AFP via Getty Images) AFP via Getty Images Yesterday (June 19), the Small Business Administration (SBA) launched a free online
The Retirement Income Scorecard Steve Vernon There are many types of retirement income generators (RIGs) that each produce different amounts of retirement income. My Retirement Income Scorecard compares the amounts of retirement income that are possible for 10 different RIGs, which is one consideration for choosing a RIG or combination of RIGs to build your
Take the time you need to learn about retirement income strategies. Getty How should you deploy your retirement savings to generate lifetime income? That’s one of several critical decisions pre-retirees face as they approach retirement. To help you answer this question, let’s look at the “Retirement Income Scorecard” that I developed to estimate the amount
TOPLINE While cruise stocks have recently been rebounding amid optimism about reopening the economy, the industry remains paralyzed by the coronavirus pandemic for the foreseeable future, with major cruise operators facing big quarterly losses and on Friday announcing that they’re extending their suspension of sailing. Cruise operators are still hopeful that customers will return in