Economy

We’re all looking forward to the new year more than usual. Even though COVID will remain in 2021, the changing of the calendar can bring about a new mindset and optimism. But before we forget all about 2020, let’s look at the latest COVID relief bill, which includes more stimulus checks and some changes that could affect Medicare beneficiaries. After an eventful 2020, let’s look at what's in store for us in 2021. Another COVID Relief Bill President Trump signed the $1.4 trillion spending bill and accompanying $900 billion stimulus package. In doing so, he [...]

While no one knows what this decade will bring, we might look to history for some insight. One hundred years ago, America was reeling from the Spanish Flu and uncertain economic prospects. At the time, many may have been pessimistic, but then we entered the Roaring 20’s. While there is much uncertainty now, we may emerge from this crisis into a period of new opportunities, much like the 1920s. We could be entering the Roaring 20’s, round 2. From Crisis to Opportunity – Then and Now We think of the Roaring '20s as a carefree, [...]

Recent events have everyone wondering when a sense of normalcy will return. But the answer isn’t as simple as hoping for a date when stay-at-home orders will be lifted. No one knows if there is a long recession to come, or if the economy will bounce back in the near future. Although things may seem uncertain today, it’s important to be aware of how the economic shutdown could potentially affect you in the long term.  Less Time to Recover from Losses In the event of market loss, you could potentially find yourself waiting longer than [...]