Month: March 2020

COVID-19 continues to wreak havoc on the world’s peoples and economies. In the United States, as businesses shut down or pare back, millions of workers have already been laid off, leaving many to wonder how they’ll pay their bills. The federal government just enacted the biggest economic rescue package in modern American history. The package grants households relief in the form of stimulus checks sent directly to most Americans, expanded unemployment benefits, paid sick leave, temporary student debt relief and more. Click the following link for a great guide to the federal stimulus package:

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A suite of new programs designed to support NJ businesses and workers facing economic hardship due to the outbreak of the novel coronavirus COVID-19 was recently approved by the New Jersey Economic Development Authority (NJEDA) Board. The package of initiatives includes a grant program for small businesses, a zero-interest loan program for mid-size companies, support for private-sector lenders and Community Development Financial Institutions (CDFIs), funding for entrepreneurs, and a variety of resources providing technical support and marketplace information. Keep reading for more detail on these new programs:

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A record 3.3 million Americans just applied for unemployment benefits according to the US Labor Department. as restaurants, hotels, barber shops, gyms and other non-essential business shut down in a nationwide effort to slow the spread of the deadly coronavirus. If you are a NJ resident in need of guidance with unemployment benefits or how to handle your bills, such as mortgage payments, utilities, or other debts, keep reading...

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HSAs are the only type of account that offer a “triple tax benefit” for federal taxes - pre-tax savings, tax-deferred growth, and tax-free withdrawals. The account is intended to be used for current out-of-pocket health expenses, but investing and waiting to use the account later is even better!

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It is that time of year to consider making an IRA Contribution. You have until April 15, 2020 to make a contribution for 2019. You can also make your 2020 contribution at the same time.

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