Additional tax implication COVID19 thoughts
Yesterday we talked about the CARES Act, focusing on the Economic Relief Rebate. Today we’re going to briefly cover two other financial implications of COVID19. First, a great graphic illustrating the rebate amounts vs AGI is hosted by the Tax Foundation. Second, separate from the CARES Act, the IRS has…
CARES act, or Economic Relief Funds part 2
Earlier this week we were talking about the possibilities of checks coming to Americans in this time of world-wide hardship. The US Congress passed, and the President signed, the CARES act into law today. We’ve talked previously about how major tax reform only comes around every ~20 years, and how…
The importance of distancing socially
It is well known that one of the risk factors for death in the elderly is loss of their important social groups, as friends, family, and pets die or are moved away. Still not convinced? Take some of your shut in time to read this book, The Blue Zones (no…
Economic Relief Funds
Any time you’re looking at the prospect of incoming money, that money should have a plan. That’s true if you’re in normal times with a paycheck, getting a bonus or an inheritance, or now as the United States Congress is trying to come up with their economic relief plan that…
The super power of flexibility
I’ve got to take a minute here to brag about my husband. I’m a planner, I am the reason the bills get paid on time, that there’s a meal plan, and groceries bought to support it. I’m the reason there’s consistently clean laundry (when we aren’t having plumbing problems), and…
But what can I do?
People are feeling very out of control currently, as the world is rapidly changing around them. After Friday’s press conference where the Minnesota governor was talking about how they didn’t plan to close schools, the Minnesota governor announced today (Sunday) that schools will be closed effective Wednesday. But some schools…
Why should I care about COVID-19?
While out shopping today, stocking up for the impending self-quarantine of much of my family and active avoidance of anywhere we don’t absolutely have to go, I was distressed by the number of conversations I was overhearing by people who continue to plan to attend or host birthday parties, by…
Caring for your community as COVID-19 approaches
How are you doing about the impending (or already present) infections in your community? When we can’t do much to control our own destinies, it’s human nature to be stressed. Here are ways I or members of my community have been taking control of small actions recently. I’ve verbalized to…
COVID-19 and teaching experiences for kids
COVID-19 is stressing many families right now. Parents are asking, what do I talk about with my children? From a financial perspective, in my family we are talking about what various people are doing. For example, we have accelerated purchases that we would normally make, in the form of non-perishables…
What’s happened elsewhere?
There’s a lot going on in the world right now. Some are struggling with the market volitility. Some are struggling with food instability, the need for a paycheck, and how they’ll handle child care. Others are struggling with what to do about COVID19. We don’t have a crystal ball, we…