We survived 2020, and now it’s time to transition to a new year and all it will bring! A new year is often a time for fresh starts, intentional planning, and renewed motivation to conquer goals and accomplish things that are important to you. As you enjoy this much-needed fresh start, take some time to think about your long-term plans and reevaluate your decisions, especially in the following key areas.
To say that COVID-19 has challenged our very way of living is an understatement. We’ve had to redefine how we work, how we gather and socialize, and how we spend our free time. Many of us have had to reckon with real fears of serious illness and economic hardship. So it’s unsurprising that most of us are eagerly awaiting the moment 2020 comes to an end.
2020 has been a challenging year for sure, as so many of us have endured hardships, disappointments and a longing for life to get back to “normal”. However, we come together at this time of year to remember what’s important and to be grateful for what we have. This year, in the middle of a global pandemic and a charged election season, we think it’s more important than ever to celebrate Thanksgiving and turn our minds to our many blessings.
If the pandemic has taught us anything, it’s to stop and evaluate our lives, get clarity on what’s essential, and turn our focus to what matters. Your financial security matters. And your mistakes have far-reaching consequences for your family, yourself, and your future. It’s crucial to get your mental game together and stop making these mistakes.
Retirement is arguably the most talked-about financial topic, and rightly so. Our retirement years can span decades and require sizable assets to take care of all our needs in our non-working years. But the exact amount of those sizable assets we need can be tricky to pinpoint, especially with the glut of contradictory and overwhelming advice that often just leaves us confused.
The Paycheck Protection Program (PPP) was designed to assist employers in maintaining payroll even when they were shut down or limited by the COVID-19 containment efforts. The most appealing part of the program, perhaps, was the fact that the loans would be eligible for either partial or full forgiveness. While helpful, the program has had many problems and been a source of much confusion for business owners. The Small Business Administration (SBA) recently issued rules that clarify many of the rules. Here are the most important things for business owners to know about PPP loan forgiveness.