The Paycheck Protection Program (PPP) was created in March, near the beginning of the coronavirus pandemic shutdown. President Trump has signed into law a bipartisan extension of the PPP for small businesses, which was set to expire on June 30.
On June 16, the Small Business Administration (SBA), which administers the PPP, released a revised application for PPP loan forgiveness — one of the program’s most important and popular features. The new instructions are also accompanied by a brand-new “EZ” version.
With a projected $60 trillion wealth transfer from Baby Boomer parents to their Millennial offspring looming on the horizon, more and more parents in families with significant wealth are involving themselves directly in this part of the wedding planning. Is this a good idea? Well, it depends.
Ultimately, it’s important for family stewards, whether grandparents or otherwise, to communicate the message of empowerment. When we share these lessons with our grandchildren and the other important people in our lives, we are teaching them how to take charge themselves.
Do you find it puzzling when a bleak economic report emerges from the press, only to be accompanied by a positive surge in the stock market? You’re not alone. The last few weeks have produced many examples of a stark contrast between stock market performance and economic indicators.
Even in the pre-COVID-19 days, more than half of retired persons said they left the workforce earlier than planned, due either to unanticipated job loss or medical reasons. Here are some steps you can take to be ready if you have to retire earlier than you planned.
Online technology has helped us feel less isolated during the Coronavirus lockdown. But all of us still need to remember the importance of protecting our data and personal information from bad actors who will take advantage of any vulnerability they can exploit.
We will likely feel the effects of the downturn for the next few quarters. But when shutdowns lift and more Americans can get back to work, there is no reason not to believe that our economy will pick up again and bounce back to the strong position we were in earlier this year.
Having these critical documents ready and available is one of the best and most caring things you can do for your loved ones. If you have questions about estate planning or anything else related to your financial wellbeing, please let me know