Unprecedented in scale and scope, a $2 trillion stimulus bill was signed by President Trump on March 27, 2020. The bill, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), provides stimulus for individual Americans, healthcare workers, small businesses, and certain industries hit hard by the pandemic. This is the third relief package to address the effects of the COVID-19 virus.
In addition to our worries about the impact of the Coronavirus on our health; the social distancing, isolation, and shut downs required to help contain the virus have impacted or will impact many individuals and businesses as well. Much is being done to try to counter these impacts to help keep our economy strong. We anticipate further relief is on the way, but here are some highlights of the things occurring in the U.S. right now.
When it comes to estate planning, the most familiar document is the last will and testament. Most people have a basic understanding that a will allows you to appoint a personal representative (an executor) upon your death and directs that person to distribute your assets as you specify.
Have you heard of the Stanford Marshmallow Experiment conducted in 1972 by a Stanford University psychologist?
The SECURE Act (Setting Every Community Up for Retirement Enhancement) (“the Act”), was passed by Congress and signed into law by President Trump on December 20, 2019. The Act makes some significant changes to Required Minimum Distribution (RMD) rules as related to Individual Retirement Accounts (IRAs) and other retirement plans, in addition to changes in other areas. This is one of the most comprehensive retirement plan reforms in more than a decade, and this is a brief overview of a few highlights that may be of interest.
You spend a lot of time trying to make life easier for your family. You care for them and try to protect them from trouble and pain. You know that no one lives on this earth forever. You know how difficult it is to deal with the death of a loved one and don’t want your family members struggling to wrap up your affairs. You wish there was a way to look out for them after you are gone.
It’s that time of year again. Yes, it is New Year’s resolution time. Was making a will one of your unfulfilled resolutions from past years? Is it on your “to-do” list for 2020? The good news is that with a modest investment of time and effort, you will be able to check this off your list in just a couple of weeks and you won’t even have to go to the gym to get it done!
Very few people could “save” enough for retirement with today’s long life expectancies and earlier retirements. If you just “save” – yet do not have growth that exceeds both income taxes and inflation, you are more likely to run out of money.
In the middle of a Georgia summer, the days are long and it seems like we’ve got more time for the things we enjoy. The kids are out of school, and work slows down a little. If we’re lucky, we get some extra time with our family, spend lazy days at the pool, and vacation with children and grandchildren. It can feel like summer will last forever.
107 W Crogan St, Lawrenceville Ga 30046 | (770) 963-3699
