COVID has permeated our lives to such a degree that it is easy to miss significant opportunities that are right in front of you. Currently, one of the biggest opportunities is historically low mortgage interest rates. In March of this year, 30-year mortgage rates dropped to an all-time low of 3.25%. The 15-year fixed-rate was […]
One bright spot for consumers in this uncertain economic environment is the recent drop in borrowing costs, particularly in home mortgages and home equity lines of credit (HELOCs). While the opportunity to borrow at lower rates is welcomed, it comes with the catch of higher borrowing standards! In fact, JPMorgan Chase, one the country’s largest […]
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 […]
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, […]
For some people, nothing short of a worldwide pandemic will cause them to take stock of their personal finances. For decades the financial community has preached the importance of having three to six months of cash reserves for the unexpected. Yet research suggests that 40% of households don’t have $400 in the bank for emergencies. COVID-19 […]
The CARES Act passed by Congress and signed by President Trump provides for up to $1,200 stimulus checks to be paid to millions of Americans. Here’s a quick breakdown of who will receive how much money: This is a one-time payment. The calculation for eligibility is based on your 2019 earnings or 2018 earnings if […]
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed by Congress and signed by President Trump on March 27 and is the most significant economic aid package of our lifetime…amounting to over $2 trillion. It provides a variety of financial relief to individuals, small business owners, and large corporations. $350 billion is […]
Under intense pressure, it’s easy to find yourself paralyzed and unable to complete even the simplest of tasks! The mind is a powerful tool and can be either your best friend or your worst enemy. As we grow old, our ability to deal with pressure improves, but life has a way of humbling and forcing […]