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Blog

10 Apr
Scoring Social Distancing

We all understand the importance of social distancing during the global Covid-19 pandemic.  Or do we?

A new website is doing something ingenious; it is collecting and aggregating the location tracking data on peoples’ cellphones to determine whether they are or are not coming within six feet of other individuals.  Taken together, the algorithm provides an index that allows us to see which states’ citizens are practicing social distancing, and which states’ populations are not following guidelines.  

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10 Apr
Reason for Hope

The world’s healthcare experts haven’t been able to give us a definitive date as to when a coronavirus vaccine will finally come to market—for obvious reasons.  There are a variety of vaccine formulas being tested on human subjects as you read this, but the researchers will have to test many different formulas and different dosages of each formula, and evaluate the impact on the immune systems of a significant number of test subjects.  

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08 Apr
The CARES Act Explained

By Colleen Weber, CFP®, CPA

Although the CARES Act’s $2 trillion allocation to the economy has been compared to President Obama’s 2009 American Recovery and Reinvestment Act, the more recent measure should be thought of as a relief effort, rather than economic stimulus.  CARES is addressing the immediate fallout in the business world and in peoples’ personal finances, an attempt to cushion the impact of social distancing and the loss of work and business that it entails.

The big picture perspective is that the CARES Act allocates $150 billion to enhance hospital capacity, a $500 billion loan fund for businesses in distress and $150 billion in direct support to state and local governments to help fight the coronavirus epidemic.

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24 Mar
The Tele-working Revolution

One of the biggest economic impacts of the Covid-19 epidemic is not the second quarter economic decline, but the longer-term ways it could transform our global economy—potentially for the better.  The world has been forced to go digital on an unprecedented scale, and more companies are now accepting a teleworking environment that many have resisted over the years. We are all experimenting with potentially a more efficient work modality, and it’s possible that we—workers and corporations—won’t ever go back.

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24 Mar
The Plague Continues

After we endured the 2008-9 Great Recession, where the global economy was brought to its knees (due to enrichment schemes by Wall Street and its brokers), we thought we’d seen the worst market in our lifetimes.  Some of us thought the same thing during the Tech Wreck at the start of the century.

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12 Mar
What You Need To Know About Recessions And Bear Markets

As global markets continue their roller coaster ride due to fears surrounding the coronavirus, our most recent bull market officially turned into a bear market. But what does that mean? And are we on the verge of another recession like the one we had in 2008?

In light of all these concerns, today we’ll share what you need to know about recessions and bear markets. If you are worried about your portfolio, we understand and we’re here to help. Feel free to contact our office to get answers to your specific questions. 

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26 Feb
What Should You Do About The Coronavirus And Stock Market Volatility?

The financial markets took a big dip early this week over fears about the spreading coronavirus, erasing gains from earlier this year. After the Dow lost over 800 points on Tuesday, it was down a total of 1,900 points in two days. 

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05 Feb
How To Prepare For Tax Season

By Colleen Weber, CFP®, CPA

Tax season often brings up plenty of anxiety. It’s not that Americans are against paying taxes, (1) it’s because the whole process is complicated. With over 900 IRS forms available (2) and constant policy changes being implemented, such as the Tax Cuts & Jobs Act and the new SECURE Act, it’s no wonder that 50% of people would rather be called for jury duty than file their taxes. (3)

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08 Jan
What Might We Expect The Markets To Do In 2020?

By Colleen Weber, CFP®, CPA

How was your 2019? Did it blow away your expectations or just leave you feeling let down? Well, for our markets, 2019 was definitely the former. We said goodbye to 2018 with a difficult December where the market dropped drastically due to recession worries, then enjoyed a 2019 full of unexpected, stellar returns. Does that mean we’ll see a repeat performance for 2020 or should we temper our excitement? 

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05 Dec
Five Financial Actions To Take Before The Ball Drops

By Colleen Weber, CFP®, CPA

If you’re like most Americans, you spend the month of December neck-deep in Christmas parties, shopping for gifts, and planning for travel. You probably only think about your finances when you look at your credit card statements and see how much you’ve spent this season.

But since finance-related resolutions are always a popular choice, (1) why don’t you give yourself a head start on your 2020 financial goals? Here are 5 critical financial actions you’ll be glad you tackled when the ball drops on New Year’s Eve!

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