BANKING & FINANCE
Few have been financially unscathed in the wake of the pandemic. Yet, as West Michigan has proven time and time again when recessions hit, businesses in the region (although battered) weather the respective storms relatively well.
The SEC’s intent is to ensure that you, as the investor, have enough information to decide whether a professional investment recommendation is best suited to your needs no matter who is offering it.
Many people are wondering what will happen to the exemption if there is a Democratic president and possibly a Democratic-controlled Congress.
Your personal priorities govern the type of sustainable investing that will best align with your goals.
If you are 72 or older and have already taken the required minimum distribution (RMD) from an IRA account, you can reverse your withdrawal until Aug. 31. There may be advantages to doing so, depending on your financial situation.
Despite a likely shift to a more risk-averse credit market, numerous potential financing sources can help businesses through this uncertain time, including traditional bank lenders, private debt funds, family offices, mezzanine funds and private equity firms.
There is a lot to think about when planning for retirement. While we have a degree of control over many of the choices involved, there is one big wild card we cannot control called sequence risk.
Business owners should be aware of several integral changes under the Paycheck Protection Program Flexibility Act (PPFA), which loosened guidelines to ensure the program is more business-friendly.
The FFCRA was designed with a focus on supporting employees amid COVID-19 while avoiding an undue burden on employers.
In the face of uncertainty, it is still possible to make valuable financial decisions and doing so can help avoid permanently costly mistakes.
The depressed values in the markets, low interest rates and historically high federal estate, gift and generation-skipping transfer tax exemptions have created some excellent opportunities for you to make impactful gifts to your family and generate potentially significant tax savings.
A summary of some of the high points of the act will help you identify what kind of relief you can expect.
Undoubtedly, this is a challenging time. Not only are you worried about your family’s health, but the impact of COVID-19 also has likely left you concerned about your financial situation.
The more diligent and focused business owners are on improving the value of their business, the more likely they are to achieve their desired outcome.
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