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In or starting a small business? Explore the Paycheck Protection Program starting 4/3/20, and other programs

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In or starting a small business? Explore the Paycheck Protection Program starting 4/3/20, and other programs

By in Financial Tips, General Education, News
4 years ago
4 years ago 0 597

To help businesses survive the coronavirus economy, the government is providing support. If are in or run a small business adversely affected by the coronavirus directly or indirectly, explore the recent CARES Act Paycheck Protection Program (PPP) forgivable loan, Disaster Loan (& grant) Assistance, or Employee Retention Credit program. The PPP started 4/3/20 for small businesses, and 4/10/20 for sole proprietorships and independent contractors. These programs expects high application volume,…

6 work from home tips we’ve learned so far

By in Financial Tips, General Education, Investor Behavior
4 years ago
4 years ago 0 675

With the shelter in place in effect in Northern California since last Tuesday, and more places to come soon, many of having had to shift from going to the office to working from home. WealthStep is well set up to operate as a virtual office, and should not experience any interruptions. Here are a few remote tips we hope will help you. Make your life easier Upgrade your Internet service: Now…

Longevity’s ripple effect: Why Gen X cannot count on inheritances for their retirement

By in Financial Tips, General Education, Investor Behavior
4 years ago
4 years ago 0 606

As if Gen X (now age 40 – 55) didn’t have enough to think about in midlife, they also need to be careful about including any expected inheritance in their retirement planning.  While there is much talk about a great transfer of wealth in America in the coming 25 years, with estimates anywhere from $30 – $65 Trillion, this estimate and its timing is by no means a sure thing….

Q4-2019 Quarterly Context Webinar

By in General Education, Investor Behavior, Quarterly Thoughts
4 years ago
4 years ago 0 847

  What should you be training your brain to do now, given the longest bull-market ever? What are people doing with their better physical state later in life? Where are we in the business cycle now? What is the “Fed pivot” and how are market returns projections changing for the next 10 years? What does “growth recession” mean and is that the new normal? Where does the 2019 market return…

The SECURE Act: What individuals and business owners need to know

By in Financial Tips, General Education
4 years ago
4 years ago 0 608

Business owners, especially smaller employers, now have more incentives and options to offer retirement savings plan.  Individuals have additional opportunities to grow their retirement savings.  Signed in to law by the President on December 20, 2019, The SECURE Act (‘Setting Every Community Up for Retirement Enhancement”) brings the most significant pension reform in more than a decade.  The goal of the legislation is to promote retirement savings and affects both individual investors…

3 book recommendations

By in General Education
4 years ago
4 years ago 0 644

What are you going to read (or listen to) next? Whether you want to form new habits, create systems in a business, or preserve what’s meaningful to you, you can find answers in these books. Atomic Habits by James Clear James Clear, one of the world’s leading experts on habit formation, shares practical strategies in his book Atomic Habits that can be of particular interest to business owners, leaders, and entrepreneurs as you…

Is your company prepared for the next disaster?

By in General Education
4 years ago
4 years ago 0 696

Preparing your workplace for a natural disaster is as critical as preparing your home, yet many businesses do not have an emergency plan in place.  In the Bay Area, earthquakes are a constant threat with no advanced warning, and the “new normal” of California fire season reminds us how devastating nature can be. Other regions have risks that are different but also dangerous. Whether or not the business and your…

Start this conversation with your aging parents now

By in Financial Tips, General Education
4 years ago
4 years ago 0 584

  The time to discuss issues related to your parent’s aging is before you need to. Some senior care professionals promote the idea of the “40-70 rule”, advising that you begin conversations with your parents about their plans and desires once you reach age 40 or they are age 70. While this may seem early since most 70-year-olds are still quite independent and may still be working, you want to…