No matter how you feel about the presidential election results, it’s highly likely that you will see some changes in your future tax calculations and resulting tax bill – especially for my wealthier clients. Let me preface this BLOGPOST, by saying that nothing written below is etched in stone. These are simply Joe Biden’s wish list. He will have pressure from the more liberal side of his party to tax more and have more entitlements. Depending upon what happens in … Continue reading

Wow – what a year 2020 has been so far. And we still have the elections to come! At various times this year the S&P 500 index has been down -30% and up +8% from where it was when 2019 ended. Right now it’s currently up about +7% YTD. And the Nasdaq 100 has been even more volatile — down as much as -20% and up as much as +43%, and believe it or not has a +33% gain YTD. … Continue reading

Still Time to Get $150,000 from the SBA Can your business use an infusion of cash to deal with losses caused by the COVID-19 pandemic? The hugely popular federal Payroll Protection Program (PPP) that paid forgivable loans to millions of businesses ended on August 8 (although it could come back in revised form). But you can still obtain a low-interest Emergency Income Disaster Loan (EIDL) of up to $150,000 from the Small Business Administration (SBA). Do You Qualify for an … Continue reading

Government Clarifies PPP Loan Forgiveness for the Self-Employed We now have both the new clarity and an easy road to Paycheck Protection Program (PPP) loan forgiveness for the self-employed with no employees. New Easy Road to 100 Percent Forgiveness Say thanks to the Paycheck Protection Program Flexibility Act of 2020. This new law creates a 24-week period for you to spend your PPP loan proceeds. If you obtained your loan proceeds before June 5, you can elect to use the … Continue reading

On Nov 19, 2019, Bank of America declared ‘the end of the 60-40 standard portfolio” (60% stocks and 40% fixed income/bonds). In a research note published by Bank of America Securities titled “The End of 60/40 portfolio” strategists Derek Harris and Jared Woodard argue that “there are good reasons to reconsider the role of bonds in your portfolio”. On July 2nd, JP Morgan joined the list of Wall Street banks calling for the demise of 60/40 portfolio despite its success … Continue reading