The CARES Act stands for the Coronavirus Aid Relief and Economic Security Act. This is a $2 trillion emergency fiscal stimulus package that was signed into law on March 27th and is designed to aid those affected by the coronavirus pandemic.
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
“The key to ignoring the constant chatter and media hype is to have a disciplined approach that keeps your emotions in check.”
Many of these DIY investors are focusing on the wrong thing. They spend hours looking for the best performers and the lowest cost solutions but neglect to spend time on their financial plan.
We understand that these are uncertain times for many small business owners.
There are no words to describe what we are experiencing. In the news, in our communities, in our own homes, and in the financial markets/world economy. However, it’s important to have some perspective. Now is the time to take care of not only your finances; but yourself, your family, and your communities.
Market lows often result in emotional decision making. Investing for the long-term while managing volatility can result in a better retirement outcome.
We all make mistakes, financial and otherwise. Are you making any of these common financial planning mistakes?
