Suffice it to say that the COVID-19 pandemic has changed every aspect of our lives – hand-washing best practices, shopping on phones, school at the dining table, and sporting events in empty stadiums (I sincerely hope that the latter are only temporary). From a personal financial-planning perspective, there are three “COVID changes” that I believe […]
Casualties of the Pandemic: Employment and Job Market Trends
In early 2020, the unemployment rate was at all-time lows. When the coronavirus arrived in the U.S., immediate layoffs occurred as companies promptly changed plans. Congress quickly pushed through the CARES Act, a stimulus package to prop up the economy. This stimulus package had a profound effect on the job market as well as the […]
The Biden Tax Proposal: Three Trillion, Two Magic Numbers, and One Seismic Wave
By the time you are reading this, we are about two weeks away from what is expected to be the most contentious (and even potentially controversial) presidential election in recent history. Polls are pointing to a victory for Joe Biden, along with a “blue wave,” but as we have learned over the last few years […]
Market Disruptions: The Supply/Demand Disequilibrium
Do you have enough toilet paper? Remember the first days of the pandemic lockdown, when the hunt for toilet paper and the hoarding of it became a topic of conversation? Thankfully, the supply and demand for paper products has come back into equilibrium, even though it did not happen overnight. This imbalance was exacerbated by […]
IRA Planning in the New Era: Things Account Owners Should Be Aware of When Naming Beneficiaries
Passed and signed into law in last December, the Setting Every Community Up for Retirement Enhancement Act of 2019, or SECURE Act, fundamentally changed how qualified account owners should approach naming beneficiaries. What are qualified accounts? Most of us have at least one type of qualified account, which provide us with certain tax advantages and […]
Doing What You’d Rather Not: The Deleterious Effects of Social Distancing
Who could have guessed that 2020 would usher in a first-ever global lockdown? It has been an economic obstacle course of sorts, with some businesses flourishing while most others lock their doors. In the past, we have witnessed disruptions on a smaller scale when fierce storms, wars, volcanoes, earthquakes, or tsunamis have devastated various regions […]
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