Coronavirus and Your Finances

On another positive note, I wanted to share how savings rates have recently changed during this pandemic. To quickly summarize, Americans are saving significantly more and spending less. In fact, Americans saved a record amount of their income in April, as the coronavirus pandemic caused businesses across...

As you have read almost everyday, this financial crisis is creating havoc on a lot of individuals and businesses. However, I wanted to write a positive article on how you might be able to take advantage of this crisis with a fresh start. There may even be upside to the months spent at home. Below are a...

While a lot of people thought we may be done with COVID-19, it seems to have come back and it might not being going away for awhile! Given the economic uncertainties, it is very important to keep a close eye on your personal finances and to continue to assess your current financial situation. Below are...

There is generally more and more positive news coming out for the economy which is a sign we have already hit a bottom.

Many believe that rising coronavirus cases wont overwhelm hospitals that are now better prepared than during the first wave, and that virtually no political wil...

The stock performance in June has been very strong, which is a surprise to many. June is turning into a historic month for the markets, as the Dow experiences its best performance for the month since 1933

Wall Street rallied Monday 6/29, with all three indexes jumping by over 1%,...

May unemployment numbers are again bad news and we are still seeing the impact from the coronavirus. 2.123 million Americans filed for unemployment benefits in the week ending May 23, exceeding economists expectations for 2.1 million initial jobless claims. The prior weeks figure was revised higher ...

Any time there is funding from the government, there is going to be scams out there to try to defraud you. Now scammers are going after your coronavirus stimulus checks. Many of you received a check, but if you were not aware, the federal government, has issued a one-time payment to tens of millions of...

Many are hopeful and predicting the economy is going to come back in the summer. However, based on the data to date, that has not happened. The Federal Reserve recently said that U.S. businesses saw limited evidence of a recovery in recent weeks, with economic activity continuing to decline amid the...

This is not a great time to be a recent college graduate. The economy is in terrible shape and there are over 40 million Americans who have recently filed for unemployment in the last 10 weeks. I have asked several associates what advice you would give to recent college graduates. These associates all...

The stock performance in May has been very strong, which is a surprise to many. April was very strong and May continued that trend. The stock market finished higher on 5/27, with the Dow and S&P 500 both clearing critical milestones as investors cheered a reopening of the economy and a potential...

Even in the absence of a global pandemic, retirement is very difficult to manage and plan for. Everyones retirement funds have likely seen the ups and downs recently and likely feel very concerned about the state of our economy. However, now is not the time to panic and make quick decisions without a thorough though...

I will not begin to predict or even fully understand the recent ups and downs of the U.S stock market. However, given all the volatility recently, I thought it would be helpful to provide a high-level summary of the U.S. stock market performance each month. Below is a high-level summary for the month of...

The U.S. economy is facing a significant economic recession likely one that is truly unique and not like other recessions we have ever seen before. There is little doubt that we are already in a recession because of the coronavirus pandemic, with many businesses shut down, and many...

Unfortunately, there have been mass furloughs and layoffs over the past 30-60 days due to the COVID-19 pandemic. Many people are out of work and do not know when they are going to go back to work. If you have recently been laid off, there are a few steps I would recommend for you to take. I hope...

The US government is making unprecedented moves to help individuals and businesses during this COVID-19 crisis. Like myself, I am sure you are feeling the effects as our daily life is very different. I know many people are suffering and many businesses are shut down for the foreseeable future. On...

I think it is fair to say the coronavirus is bringing the U.S. economy to a slowdown, although likely could be a complete halt. Most are predicting a recession for at least this year. In order to prepare for a recession, below are a few tips to help you survive through a recession.

Re-evaluate your...