A common question I hear is “when can I stop working?” Not that the client necessarily wants to stop working, they just want to know that they can stop. That would be my definition of financial independence; knowing that your investments or other income is enough to support your lifestyle, independent of your work.
We’re doing a lot of year-end tax checks with clients; it’s a regular November/December activity, but a tax check is even more important this year. It’s been an unusual year - some clients have more taxable income than usual (unemployment, PPP, HHS/Cares Grants) and others have lower-than-usual income (missed paychecks, skipped Required Minimum Distributions). We&r
Financially, it has been an unusual and stressful year. We are doing a series of “check up” articles to look at different areas of your finances to see what has changed, and what you might need to check up on to be sure your financial plan is still on track. The focus of this post is cash flow; many clients’ cash flow was affected significantly this year
Recently, we have been receiving an increasing number of questions related to the Families First Coronavirus Response Act (FFCRA). As with the Paycheck Protection Program (PPP), the language is written for a “one size fits all” scenario and as we know, this is hardly ever the case. As an employer, it will be necessary to make a clear determination regarding the status of