House lawmakers passed Wednesday afternoon the Paycheck Protection Program Flexibility Act of 2020, H.R. 7010, which extends several deadlines for small businesses who received PPP loans. H.R. 7010 does the following:
The Treasury Department and Small Business Administration late Friday released a Paycheck Protection Program Loan Forgiveness application along with instructions on how to apply, consistent with the Coronavirus Aid, Relief, and
There’s a new wrinkle introduced by the IRS for the Payroll Protection Program that advisors and their clients taking these loans should be aware of. If their PPP loans are
The Financial Industry Regulatory Authority has clarified its position on advisors taking small-business loans as part of the COVID-19 stimulus package. On Monday, the regulator said advisors will not have to
As the Treasury Department launched Friday its relief loan program for small businesses being hurt by the COVID-19 pandemic, advisors say they are hitting hurdles with large banks and have questions about
The Federal Reserve cut its benchmark interest rate late Sunday by a full percentage point to almost zero and pledged a return to quantitative easing via the purchase of at
A solid percentage of people are avoiding these uncomfortable topics, a TD Ameritrade survey finds. Americans are living longer, with major ramifications for estate planning. Researchers at TD Ameritrade wondered
In his 1998 book “The Prosperous Retirement,” Michael Stein wrote that as people begin to age and become less active, they scale back their discretionary spending. It is a key
The combination of different income types in retirement can create some really ugly distortions in tax rates. If you’re an advisor who has done Social Security planning, I’m sure you’ve
This may be a good day to do your own personal performance review. As the year begins, we are reminded of the many excitements that the new year brings —
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