Major life transitions can create a ripple of financial complexity. At Empyrion™, we specialize in helping clients conquer these challenges, while deploying strategies that successfully protect and grow their wealth.
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.