Launch Financial- How To Work Through Money Conversations With Your Significant Other, with David Pearl

Brad Sherman and Ashley Perlmutter are joined by David Pearl, LCSW a psychotherapist and consultant who specializes in treating professionals, couples, performing artists and athletes. Together we will explore tips and advice on the money conversations you should be having with your significant other and when entering a new relationship. When two people with different backgrounds, risk tolerances, and views on money begin to merge their lives, things can get messy. David will walk us through how to make those situations lighter and easier on your relationships.

A little about David, he aims to provide a safe and supportive environment to strengthen self-esteem and facilitate more meaningful connections with family, friends, professional colleagues, or teammates.

David obtained his Master’s degree from The Silver School of Social Work at NYU and his Bachelor’s degree in Human Development and Family Studies from the University of Wisconsin-Madison. He is formally trained in Acceptance & Commitment Therapy (ACT), and has certifications in Imago Relationship Therapy and Prepare/Enrich Premarital and Marital Counseling. David is dual licensed in New York and Tennessee, and works with clients on an ongoing basis in both locations.

Prior to founding Music City Psych in Nashville, TN, David provided psychotherapy and performance coaching at Union Square Practice in NYC, counseling to individuals, couples, and families struggling with hematologic cancers at Mount Sinai Hospital, as well as psychodynamically oriented individual and couples counseling at The National Institute for the Psychotherapies (NIP).

Check out this episode!

Systemic Racism, Financial Inequality & Supporting Black Businesses

We want to talk a bit about the idea of systemic racism and the economic inequality that most minorities face as a result.  We also want to encourage our listeners to do what they can to support black/minority owned businesses, especially during these even more challenging times. 

Launch Financial – We Stand In Support Of Racial Equality And All Those Who Search For It

The senseless killing of George Floyd at the hands of law enforcement has shaken this nation at its core. His death, along with countless others’ has once again brought these injustices to the forefront of our society. For far too long, Black Americans have suffered under systems of racism and oppression.

This time, there are no excuses – we have had enough.

A Guide to the Recently Passed Paid Leave Benefits Amidst Global Pandemic

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To help prevent further spread of COVID-19, there’s a consensus that Americans need to stay home and adhere to social distancing practices. This is especially recommended if one feels sick or has a suspected or confirmed case of the virus. As directed by the Centers for Disease Control and Prevention (CDC), it’s important to self-quarantine and be mindful of personal hygiene, such as washing your hands and the like. Our health and the health of the nation is top of mind, but the question remains: will U.S. workers still get paid if they stay home?

Roughly 25 percent of U.S. workers currently receive little to no paid sick leave, many of which are low-wage employees who depend on their paychecks.1 On March 18, 2020, President Donald Trump signed the Families First Coronavirus Response Act, which intends to give paid leave to workers who did not have it and extend paid leave for workers who only received a few days. These benefits are only temporary, but they allow certain employees to receive paid leave if they need to take time off from work, due to the present virus.

Understanding the Families First Coronavirus Response Act
The recently passed bill allows qualified employees two weeks of paid sick leave if they are sick, quarantined or seeking a diagnosis or preventative care for COVID-19, or if they are caring for ill family members. Those who are caring for children whose schools are closed or whose childcare provider is unavailable due to the pandemic will be granted 12 weeks of paid leave.2

As long as you’ve been employed for at least 30 days, most employees of small and midsize companies, as well as nonprofit and government employees can receive paid leave. If you are a part-time worker, you will be paid the amount you earn in a two-week period.2 Alternatively, if you’re self-employed and pay taxes, you can also receive paid leave.

Who Is Excluded?
Employees working at companies with more than 500 people are excluded from these benefits. Those employed at companies with less than 50 employees are included, but the Labor Department is able to exempt small businesses if providing leave would put them out of business.3 Employers can also decline to give leave to those facing the crisis head-on, including emergency responders and healthcare providers.

How Will My Business Be Affected?
Companies with more than 500 employees will need to pay the cost of paid sick and emergency leave, but they will be eligible for reimbursement tax credits at a later time.

Businesses will be reimbursed up to $511 per employee, per day for paid sick leave wages paid to employees who must quarantine because they are sick with COVID-19 or are trying to receive a diagnosis. For those employees caring for family members, employers will be reimbursed up to $200 per worker, per day.3 Self-employed individuals are also eligible to receive reimbursable tax credits.

Those with fewer than 50 employees who are interested in applying for an exemption to the paid leave mandate because the viability of their business may be in jeopardy should reach out to the Department of Labor.

Are the Paid Leave Benefits Permanent?
The sick leave benefits included in the Families First Coronavirus Response Act will only last through December 31, 2020.3

When Does It Take Effect?
The recently passed bill was signed into law on March 18, 2020, and the paid leave provisions are expected to take effect within 15 days.2 As we continue to see global increases in illnesses and deaths, the United States government is being urged to continue on the path of providing for America’s workforce.

Guidelines will be issued for the Families First Coronavirus Response Act in order to assist employers in calculating how much paid leave their employees should receive. At that point, workers should be able to simply inform their employers of time off, take their leave and receive payment specified by the law.

1. https://www.pewresearch.org/fact-tank/2020/03/12/as-coronavirus-spreads-which-u-s-workers-have-paid-sick-leave-and-which-dont/
2. https://www.congress.gov/bill/116th-congress/house-bill/6201/text
3. https://www.irs.gov/newsroom/treasury-irs-and-labor-announce-plan-to-implement-coronavirus-related-paid-leave-for-workers-and-tax-credits-for-small-and-midsize-businesses-to-swiftly-recover-the-cost-of-providing-coronavirus

This content may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.