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A Paycheck Protection Program (PPP) loan is part of the $2 trillion CARES Act. The SBA classifies PPP loans as a 7(a) loan with $349 billion* designated for the program. The loans feature a streamlined application process, less documentation and fewer restrictions. If you’re considering such a loan for your business, it’s important to understand who does and doesn’t qualify, how much you can borrow, how forgiveness works and other key details.

As of February 26, 2020, the death toll from COVID-19 — the official name of the coronavirus first reported in Wuhan, China — passed 2,700, while the number of confirmed cases exceeded 80,000. Almost all were in China, most of them in Wuhan and the surrounding Hubei province.

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here. Unemployment provisions The legislation provides for:  An additional $600 weekly benefit to those collecting unemployment benefits, through July 31, 2020An additional 13

Rolling over your Employee Retirement Plan Assets can seem like an overwhelming task at times. It's important to understand the basics of these types of plans, as well which type of rollover you will be initiating. In this article find you can find a brief summary of the process you can expect when you begin a rollover.

Investors simply can't have it all (risk free). To get a reward, investors must be willing to accept some risk. That is the fundamental trade-off of investing; risk is involved with almost any investment. Investors must establish their investor personality to structure their investment strategy.

For most working Americans, the road to retirement is a long haul focused on efficient money management and prudent investing. We spend decades planning, putting money away, and investing in hopes of building a nest egg that will one day grow large enough for us to one day retire. But what happens after retirement?

Why do so many people never obtain the financial independence that they desire? Often it's because they just don't take that first step — getting started.

The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2020 is $6,000 (or 100% of your earned income, if less), unchanged from 2019. The maximum catch-up contribution for those age 50 or older remains at $1,000. You can contribute to both a traditional IRA and a Roth IRA in 2020, but your total contributions can't exceed these annual limits.