- What is a Limited Partnership (LP)?
A limited partnership (LP) has two kinds of partners: One who does not get involved in daily management and another who is involved in daily management and bears more personal liability. It’s similar to a general partnership but with some… read more…
- How to Disinherit an Heir
So you’ve decided that a family member won’t be getting an inheritance, after all. Maybe you have an ungrateful or irresponsible family member you want to cut out of the will. Or maybe there’s someone you’ve decided to favor at… read more…
- Certified Fraud Examiner (CFE)
Certified Fraud Examiners are trained in fraud examination activities like forensic accounting. Certified Fraud Examiners (CFEs) have a variety of job options, such as forensic accountants, compliance officers, internal or external auditors, state or private investigators and law enforcement. CFEs… read more…
- How to Retire in France: Costs, Visas and More
Do you dream of spending your retirement drinking Bordeaux and champagne in Paris? Perhaps you want to spend it in a beautiful seaside villa in Biarritz or the ski the Alpine slopes of Chamonix at the base of Mont Blanc? If France… read more…
- Guide to Financial Planning for Retirement
When it comes to retirement, you can’t afford to be unprepared. Having a clear idea of how you want to spend your later years, and how you’ll pay for it, are key to ensuring that you can retire comfortably and… read more…
- What Suspended Dividends Mean for Investors
Despite a recent bounce-back, stock prices have fallen sharply since the coronavirus first emerged. For some investors this may not prove much of a problem. Historically stocks have rebounded strongly in the wake of serious recessions and, as of mid-May, the market seemed to be on track to continue that pattern. However, long- and short-term… read more…
- What’s In an Investment Advisory Agreement?
Working with a financial professional can offer numerous benefits when you need clarity or guidance on managing your money and investments. Once you have decided to engage the services of a financial advisor rather than a financial planner or another type of… read more…
- Why Is the Stock Market Up?
By some estimates, nearly one in four Americans is out of work. A steady stream of bankruptcies has begun, both out loud and quietly, and many businesses have shuttered for good. The full extent of the damage wrought by the coronavirus recession will not become apparent until local economies begin to reopen. But there’s one… read more…
- CARES Act Loans for Mid-Sized and Big Businesses
One of the federal government’s main economic responses to the coronavirus pandemic is the $2.2 trillion CARES Act, which provides assistance for both small businesses and larger ones. For businesses with fewer than 500 employees the act offers forgivable loans, administered by the Small Business Administration (SBA), like the Paycheck Protection Program (PPP) and the Economic… read more…
- Why Retiring Early Is a Bad Idea Now
If you are near retirement and recently unemployed, you may have more company than you think. The tech sector has seen major layoffs over the past several months and many fear a recession is coming. While retiring early by itself… read more…
- How Is the US Going to Pay for All This Stimulus Spending?
At time of writing the United States owed $19.3 trillion in public debt. It owed another $5.9 trillion in debt held by its own agencies. Together, these figures come to a national debt of $25.2 trillion. With substantially more coronavirus spending almost certainly still to come, 2020 will be one of the most expensive years in U.S.… read more…
- Cities Where Seniors Are Increasingly Staying in the Workforce – 2020 Edition
Having sufficient savings is imperative as a person enters retirement and leaves the workforce behind. But several factors – including a delayed start to saving, the increasing cost of living, a decrease in the number of people with traditional pensions and now the economic downturn precipitated by the coronavirus pandemic – may make seniors consider… read more…
- A Small Business Owner’s Guide to Bankruptcy
If your small business is struggling to pay its debts and your creditors are threatening to take your assets, bankruptcy is an option. Although bankruptcy sounds like the end, it actually can be a way for a business in dire straits to find a new beginning. With the right understanding of bankruptcy, a small business… read more…
- Payroll Support Program: Inside the Airline Bailout
In late April 2020, the Treasury Department concluded agreements with several U.S. airlines and began to make initial payments of the Payroll Support Program, a provision established in the Coronavirus Aid, Relief and Economic Security (CARES) Act that intends to support the hard-hit aviation industry after the grounding effects of the onset of the coronavirus… read more…
- Stocks Soar on Moderna’s Coronavirus Vaccine Test
Moderna, a Cambridge, Massachusetts-based biotechnology company, announced that one of its COVID-19 vaccine trials has seen promising results. The vaccine has only been tested on a handful of individuals, but it has shown an ability to promote antibodies and an immune response when exposed to coronavirus in a lab. While the vaccine will need to… read more…
- When Should I Refinance My Mortgage?
You may have noticed that when we’re in a recession, there tends to be increased consumer interest in mortgage refinancing. You might see or hear advertisements about lower interest rates and how you can lower your monthly mortgage payment. However, there are several factors to take into account when deciding when – or if –… read more…
- Chapter 11 Bankruptcy, Explained
When financial troubles mount and debts are piling up, filing for bankruptcy protection may be a last resort option. Personal bankruptcy filings usually involve Chapter 7 or Chapter 13, but when businesses need help, they may seek to reorganize by filing Chapter 11 bankruptcy. Of the three, Chapter 11 is generally the most complex filing… read more…
- A Beginner’s Guide to Shorting the Stock Market
When the stock market is plunging, or at least stagnant, it may make sense to move your assets out of equity markets and put them into bonds or even cash. These don’t offer much in the way of growth, but… read more…
- Car Insurance Discounts During the Coronavirus Crisis
Several insurance companies have created relief programs to support their car insurance customers during the COVID-19 pandemic. Most of these insurers are providing premium refunds, pausing policy cancellations, extending payment deadlines and more. And if you have an auto insurance policy in effect between April and May, you’ll probably qualify. However, while you’ll want to… read more…
- Family and Medical Leave Act (FMLA) Forms
The Family and Medical Leave Act (FMLA) is a law that ensures that employees have access to up to 12 weeks of unpaid, job-protected leave per year for qualified medical and family-related reasons. Up to 26 weeks of leave are available to employees caring for a servicemember with an illness or serious injury. As a result… read more…
- How to Spend Your PPP Loan to Ensure Forgiveness
The stated goal of the Paycheck Protection Program (PPP) is to help small businesses keep employees on their payrolls. The program’s relatively simple loan application and relaxed requirements are meant to enable small businesses to get quick access to liquidity so they don’t have to resort to layoffs or furloughs during mandated closures and social distancing… read more…
- Stimulus Checks: Your Questions, Answered
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. The bill includes a number of provisions that help those affected by the coronavirus pandemic. These include expanded unemployment benefits and additional paid sick and family leave. But perhaps the most well known aspect of the CARES Act… read more…
- New House Coronavirus Relief Bill Includes More Stimulus Checks
Coming in at 1,815 pages, the new coronavirus relief bill proposed and approved by the House is a giant wishlist. Named the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, it includes: $540 billion for states, territories and tribal governments; $100 billion for a public health and social services emergency fund; $100 billion for… read more…
- Proposed Second Stimulus: Monthly $2,000 Checks
In April 2020, many Americans received their first economic stimulus payments as a result of the CARES Act. While these checks of up to $1,200 per person were helpful for many families, it wasn’t enough for many to make ends meet, especially as the coronavirus pandemic and the resulting quarantines have dragged on. With this… read more…
- The Give Together Relief Fund
While many of the relief programs created to aid people during the coronavirus pandemic have come from the federal and state governments, there are relief programs created by companies and nonprofits. One such program is the recently created Give Together Relief Fund. The fund was created by the Family Dependence Initiative and Stand Together Foundation to… read more…