Earlier today (Friday, April 24, 2020), President Donald Trump signed the Paycheck Protection Program and Health Care Enhancement Act. This additional $484 billion relief package comes less than a month after the historic $2 trillion Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, which offered relief funds for businesses, families, unemployed individuals and…
Living through a pandemic has created some very trying times for all of us – not just financially, but also physically, mentally and emotionally. Even if you aren’t a healthcare professional or other essential worker on the front lines, it’s still difficult to cope with the dramatic change in lifestyle and stress we’re all experiencing. …
Last month, I had the privilege of being a guest on the Rockville Chamber of Commerce Member Spotlight Podcast hosted by Eric Peguero. I am honored to be a part of the Chamber and was grateful to share some of my financial insight with Eric. You can listen to the episode here.
As the coronavirus pandemic has emptied out U.S. streets while Americans stay home, there are less drivers on the road. Less driving means fewer car crashes and fewer car crashes means big savings for auto insurers. Two car insurers in the U.S., Allstate and American Family Mutual, have decided to pass those savings along to…
Self-employed individuals and small businesses account for a large portion of our country’s economy and are often the ones suffering the hardest hits during a pandemic. On March 27, 2020, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law, allocating funding to support the U.S. economy and workers through…
As part of the CARES Act, some of the rules about taking money out of your 401(k) are being temporarily lifted to help people affected by the coronavirus pandemic. While the added flexibility may help some ride out the crisis, there is some concern that some might be tempted to take out huge sums now—and,…
The $2 trillion economic relief plan impacts almost every layer of American life, including your retirement plan. Here are some important components all workers currently saving for retirement and retirees need to know. Required Minimum Distributions are suspended for 2020 for IRA’s and workplace plans. The formulas for these distributions were calculated on 12/31 when…
The recent stimulus package recently passed by Congress gives most federal student loan borrowers a six-month break from payments. It comes after a series of announcements by the U.S. Department of Education meant to alleviate student loan stress. The new law takes that relief even further. The biggest break is that you can stop making…
On March 27, 2020, the White House and Congress came to an agreement and passed the largest relief package in recent United States history, called the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Spreading $2 trillion amongst businesses, hospitals, families and individuals, this economic stimulus package is designed to bring relief to those experiencing the…