The Economy Sends Mixed Messages to the Market
Looking at the period from the first of June through this writing on July 9th, it is easy to see that the economy is sending mixed messages.
Should I withdraw funds from my 401k to help with expenses due to COVID 19?
As part of the CARES Act, Congress expanded distribution rules and added favorable tax treatment for 401k’s and IRAs.
Market Rallies Ignoring Bad News
In the last days of May, there appeared to be a disconnect between economic reality and the stock market. The market moved higher amid alarming economic numbers.
What is the Paycheck Protection Program and who can apply?
The CARES Act contains programs to help small businesses survive this crisis and keep their workers employed. The Paycheck Protection Program provides up to $349 Billion from the US Treasury for loans to small businesses. Find out more.
What do I need to do to receive the payment the government is sending to taxpayers?
Most people will not need to do anything to receive the “Economic Impact Payment to Taxpayers.” The IRS is sent out a one-time payment to individuals and families to help replace lost wages in the short term.