You’ve most likely heard the acronym EIDL, so there’s little value in taking time to explain it. If it isn’t totally clear, you can read more about this Coronavirus Relief program on the US Small Business Administration’s (SBA) website. This year has been a difficult year for many small businesses. Luckily for these small businesses,…
Much hype regarding Crowdfunding has hit the internet recently, given new rules (effective May 16, 2016) adopted as part of Title III of the Jumpstart Our Business Startups (JOBS) Act, also known as Regulation Crowdfunding. The purpose of this article is to provide some information on Crowdfunding in the US and what the new regulations…
The market remains focused on when the Fed will continue raising interest rates, a campaign it started in December 2015. However, economic data may be causing the Fed to re-think its rate trajectory. One data series I’ve been keeping an eye on is the interest rate on the 30-year mortgage. Since the Fed increased rates…
In late 2008, the Federal Reserve took the unprecedented step of lowering interest rates to near zero. But when will this near-zero environment end? Your guess is as good as mine, but one thought is certain: rates remain at historically low levels. Some are calling for the Fed to raise interest rates this year, but…
Over the past few years, we’ve heard a lot of bad news regarding the housing market. Bad news, however, breeds opportunity. Anyone able to get a home loan or refinance their existing loan would have been able to lock in rates at record levels (in some cases less than 3% for a 30-year mortgage). Those…
A key part of the financial planning process involves being cognizant of the estate tax. A large portion of the estate at death could be your home, and although you may be far from the time your estate goes through probate, removing this asset from your estate could save you and your family millions of dollars…
The media is doing a great job of pointing out what is wrong with the financial industry. However, the present may represent a great financial planning opportunity. Removing assets from the estate is one strategy of financial planning. The goal is to download the estate and allow family members to enjoy your property, leaving less…