Category Archives: Regular Blog

Self-Employed with No Employees? Get Your COVID-19 Cash Now Get ready for this: “I’m from the government, and I’m here to help.” Here’s the deal: “I’m going to give you $20,833 today. I want you to give me $5,448 no later than two years from now. You can keep the $15,385 difference, tax-free—no strings.” It’s true. The lucky recipient could be you. To obtain the full $15,385 tax-free cash result in this deal (one of many COVID-19-related assistance programs), you … Continue reading

It’s always fun to be quoted in the national press. I guess I showed up on cnbc.com last week. Good fun during quarantine!! The article is about ways to avoid/dampen “sequence of return risk” while withdrawing savings during your retirement. Using a reverse mortgage is just one solution. There are others that I spoke about to the reporter that didn’t make it in print… BUT are part of many “retirement income roadmaps” that my clients hire me to design for … Continue reading

COVID-19: New SBA Loans for Small Businesses The COVID-19 pandemic has upended all aspects of life around the world, including the world of business here in the U.S. If your business is struggling, you may be able to get some help from the federal Small Business Administration (SBA), which is authorized to provide loans to small businesses on an as-needed basis. There are two types of relief you can apply for—read on. Economic Injury Disaster Loans Traditionally, low-interest SBA Economic … Continue reading

As part of The Coronavirus Aid, Relief, and Economic Security (CARES) ACT in response to the COVID-19 Virus, here is some important but not yet widely-known financial information. 1) ANYONE who would otherwise have a Required Minimum Distribution (RMD) in 2020 will NOT be required to take an RMD in 2020. Of course, you can take an RMD or other distribution from your IRA but it will not be required in 2020. If someone already took an RMD for 2020, which … Continue reading

Every week in our community’s small newspaper there are 4-5 quick stories about normal (educated) people who have been scammed out of there money or their private/personal information which will be used to scam them at a later time. It can happen to anyone! In this BLOGPOST I describe the latest scam involving Social Security checks and then make a prediction of an even bigger scam to begin as early as next week which will set its sight on Americans … Continue reading