Last Updated: 04/15/2020
It can be difficult to keep up with all of the changes that have been occurring in our lives over the past few weeks. We want our readers to focus their attention on the health and wellbeing of their families and themselves. Therefore, our job over the next few days/weeks/months is to keep you informed with all the changes taking place in one consolidated location (this blog!). We will continue to update this site as changes occur.
Please note, there is specific information for our clients' states in which they reside in.
Moved from April 15th to July 15th
Why should I wait to file?
FUN FACT: The last day to make a 2019 IRA contribution is by the 2020 tax deadline, which is now July 15th!
Most states are moving from April 15th to July 15th.
Please click here to find your state specific updates.
The U.S. Department of Education has granted a waiver of payments and interest until September 30, 2020.
Fannie Mae, Freddie Mac, or Federal Housing Administration (F.H.A.) loans owned mortgages have suspended foreclosures and evictions for at least 60 days, including foreclosures already in process.
Large internet companies have pledged to not terminate residential or small business customers who can’t pay their bills.
Unemployment is a state run program. However, the CARES Act increased benefit amounts and timeline for those who qualify.
On March 16, 2020, Minnesota Governor Tim Walz issued an executive order making applicants eligible for unemployment benefits if:
Qualified workers get two weeks of paid sick leave and twelve weeks of paid leave to people caring for children whose schools or child care providers are closed due to COVID-19.
Natalie recently wrote a piece that expands on these options and more, click here to access that article.
Small Business Association (SBA) Loans:
Company and Lender Examples:
Other Options That Have Always Been Around:
Disclaimer: This article is for informational purposes only and is not a recommendation of Fyooz Financial Planning, Natalie Slagle CFP®, or Daniel Slagle CFP®. Past performance may not be indicative of future results and may have been impacted by events and economic conditions that will not prevail in the future. Therefore, it should not be assumed that future performance of any specific security, investment product or investment strategy referenced in the article, either directly or indirectly, will be profitable or equal to the corresponding indicated performance level(s). No portion of the article shall be construed as a solicitation to buy or sell any specific security or investment product or to engage in any particular investment or financial planning strategy. Any reference to a market index is included for illustrative purposes only, as it is not possible to directly invest in an index. Indices are unmanaged, hypothetical vehicles that serve as market indicators and do not account for the deduction of management fees or transaction costs generally associated with investable products, which otherwise have the effect of reducing the performance of an actual investment portfolio.