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Covid-19 Archives | Wealthspire Advisors

ppp loan

PPP Loan Forgiveness: Creative Planning Strategies to Consider

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On May 15th the SBA released the Loan Forgiveness Application for the Paycheck Protection Program loans, including detailed instructions for borrowers on how to complete the application. Additional interim final rules were issued on May 22nd. Given that the program started on April 3rd, this week marks the eighth week and first opportunity for companies to submit their request for forgiveness. The application is made to your lender, who then has 60 days to determine eligibility for forgiveness. Amounts not forgiven are to be paid back at 1% interest over two years. Payments are deferred for six months. Unfortunately, there…
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may 2020 chartology

May Chartology: What’s Behind the Modest 2-month Comeback in Equity Markets?

Video
After equity markets plummeted during the onset of the Coronavirus pandemic, they seem to have staged a modest comeback in the past 2 months. Chris Maxey of our Investment Team discusses the reasons why in this edition of Chartology. May 2020 Chartology from Wealthspire Advisors on Vimeo. We're back with Chartology and we want to talk about the equity markets this year. It's been a strange and wild ride that we've been on for the better part of a couple months now, and we want to talk about why that is. So, the first thing you see here is what's…
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planning covid

Take Action During the Pandemic: Ways to Update your Estate Plan and Factor in New Legislation

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The sweeping impacts of the COVID-19 pandemic have upended all of our lives in different ways. Given the seriousness of the situation and for many, a new work from home reality, there has never been a better time to re-examine you and your family’s financial plan. We have written about the need for financial planning given unexpected situations such as incapacitation before, but given this unique situation and the passage of the CARES Act, we feel it is necessary to return to a few key planning opportunities. Review Estate and Incapacitation Documents Use this opportunity for a complete review of…
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planning opportunities

Planning Strategies to Consider in a Volatile Environment

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While the Coronavirus pandemic has brought its share of fear and anxiety, it also brings some favorable financial planning opportunities that can be of significant benefit for you and your family. Below are some opportunities to consider. 1. Harvesting Capital Losses: An approximate 20% decline in equity markets from the early year high, along with volatility in sectors of fixed income markets have caused security values to decline.  As we periodically rebalance portfolios, in taxable accounts we look to realize capital losses and replace sold positions with similar, but not identical, securities to maintain desired exposures. When we “harvest” capital…
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scams

Scams, Schemes, and Spoofs: A Pandemic Within a Pandemic

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To say that Coronavirus has dominated our minds and headlines these past few weeks is an understatement. While most people are worried about their physical and financial health, fraudsters are opportunistically preying on that fear. So, it is more important than ever to be vigilant and aware of various ways hackers can take advantage of you during these uncertain times. Here are some of the recent threats we’ve been seeing and best practices for protecting your identity and money. Cybersecurity Threats Phishing Attacks Phishing usually involves an email or social media post that includes a link or attachment. Scammers are…
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education transitions

How is Special Education Impacted by COVID-19?

Video
How are special education services affected by the Coronavirus and social distancing? What can parents expect during this time? As a follow-up to the first installment of our series on special needs and special education planning, SVP of Trusts & Estates Nicole Hart sat down again with Marion Walsh, partner at Littman Krooks, LLP to discuss these common concerns and more. In case you missed it, please also see Marion’s recent post on tips for families in the wake of Coronavirus, as well as this post by the Special Education Legal Fund (SELF) with links to useful NY and CT-related…
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CARES Act

Details of Newly Passed CARES Act: Welcome Relief Plus Planning Opportunities

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The Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law on March 27, 2020 and provides $2.2 trillion in stimulus to help the economy recover from the dramatic changes brought on by the COVID-19 pandemic. The Act is designed to offer individuals and businesses significant flexibility to recover from the anticipated recession as parts of the economy are forced to slow or shut down. Details of the Act’s provisions concerning individuals and small businesses are included in the sidebar. To put this into context, this $2.2 trillion is sizable relative to the $20 trillion United States GDP…
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Recent Market Volatility and Satellite Fixed Income

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Our core Fixed Income managers invest in high credit quality sectors such as investment grade municipal and corporate bonds, U.S. Treasury securities, and Government Agency Mortgage Back Securities (MBS). However, many additional fixed income securities exist, primarily of lower credit quality. We call these securities and the managers that invest in them “satellite” fixed income. Two of the largest and best known of these satellite fixed income sectors include High Yield bonds and Bank Loans (aka Leveraged or Senior Loans). The first graph below shows the Yield on the High Yield Index vs. U.S. Treasuries, the “spread”. Please note that…
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