Low-Interest Loans To Family Members – What To Know
Low-Interest Loans To Family Members – What To Know
A byproduct of the COVID economic crash is extremely low interest rates…orchestrated by the Federal Reserve. One long-standing family wealth transfer strategy is making low-interest loans to family members. For loans between family members, you are required by law to charge a minimum interest rate based on the monthly published Applicable Federal Rates (AFR). These […]
What Success Looks Like Under COVID-19
What Success Looks Like Under COVID-19
Even as we reopen our businesses across the state and country, COVID-19 continues to spread and wreak havoc on our lives and our economy. Restarting the economy is critical, but we must do it in the safest way possible, or we risk a resurgence of the virus that again threatens our hospital systems and, perhaps, […]
COVID-19 Creates New Financial Options
COVID-19 Creates New Financial Options
Mostly COVID-19 has wreaked havoc on all of us but if you are the type of person always looking for the silver lining, here are three new financial options available to you: Required Minimum Distributions (RMDs) In response to COVID-19, congress passed a provision under the CARES Act that suspends the requirement that people age […]
Making Sure Your Finances Are In Order
COVID-19: Two Documents You Must Have
COVID-19 continues to be a significant disruption in our lives and continues to wreak havoc upon our economy. Current unemployment numbers are approaching 22%. To put this in perspective, look at both recent history and more ancient history: In February of this year, we were in the midst of one of the strongest economies and […]
Does COVID-19 Have You Financially Paralyzed?
Does COVID-19 Have You Financially Paralyzed?
When will the shelter in place policies end? When will the economy reopen? When the economy does reopen, what will the business environment look like? How will this affect my job prospects moving forward? How will this affect my investment portfolio and long-term retirement plans? The questions above are a few facing us right now, […]