CARES Act - Tax Opportunities in 2020

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Our previous article, Breaking Down the CARES Act, overviews a few of the important planning topics created.  We continue by further reviewing a number of the tax planning opportunities that may prove beneficial to you.

Monthly Markets Memo - April 9, 2020

World Money Small.jpgby Dan Zalipski, CFA 

A recession may be likely, but could we see it turn into a depression?  A depression is defined as severe and prolonged downturn in economic activity, lasting three or more years with an annual GDP decline in excess of 10%.  No one expects this to linger three or more years.  A 10% decline in GDP could be possible, but the consequences at this point would have little impact beyond how we label this period in the history books.  Most market participants do not believe we are in for a 1930’s style depression.

Three Days of the Pandemic

Scan Alert Image.jpg by guest contributor J. Patrick Murphy, C.M., Ph.D.

Vantage Financial welcomes guest contributions.  Please know the information, opinions and forecasts expressed in the article below are presented from unassociated parties and do not necessarily reflect the opinions of Vantage Financial Partners Limited. ​

A Client's Story

My mother Arlene is 95 years old, lives by herself, drives herself to get groceries, go to church and work out at the gym twice a week. I called her to see if she was behaving herself and staying away from the coronavirus.

Market Minute - April 2, 2020

Circuit Breaker.jpg by Scott Rosenquist, CFA​

The markets gained some clarity over the past week as the U.S. Government took unprecedented steps to support a country in crisis.  The virus’s unpredictable impact on the economy translated into extreme market volatility, which in turn threatened the markets ability to operate.  Congress stepped in to address the economic impact by passing the CARES act, while the Federal Reserve enacted policies to ensure the markets continue to function properly.  The CARES act will provide roughly 2 trillion in economic support through a variety of measures.  Both the Fed and Congress have stated additional support may be needed.

Breaking Down the CARES Act

Scan Alert Image.jpg By Jon Flaherty CFP®, Thomas Rueger J.D. CFP®

The latest major governmental action comes amid heightened uncertainty caused by the COVID-19 virus and subsequent economic chaos.  The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) is a $2T economic stimulus plan addressing the immediate fallout in the business world and in peoples’ personal finances, an attempt to cushion the impact of social distancing and the loss of work and business that it entails. There are five “groups” that will directly benefit from the package: individuals, large corporations, small businesses, state & local governments and public services.

Monthly Markets Memo - March 26, 2020

World Money Small.jpgby Dan Zalipski, CFA 

The global markets are volatile as the world continues to tackle the COVID-19 crisis.  With a lot of us ‘sheltered in place’ and working from home, we have had the opportunity to binge on news about the virus and its impact on the markets and economy.  This is precisely why I’d like to focus on some positive developments. 

The Secure Act

Scan Alert Image.jpg  By Thomas Rueger, J.D., CFP ®

The Secure Act (Setting Everyone Up for Retirement Enhancement) was passed on December 19, 2019 and became effective on January 1, 2020. The Act includes a number of reforms, some of which could make it easier for many Americans to save for retirement. Following are some of the changes that will have the most impact.

Monthly Markets Memo - March 18, 2020

World Money Small.jpgby Dan Zalipski, CFA 

The Coronavirus (COVID-19) is severely disrupting the world. 

Market Minute - March 9, 2020

Circuit Breaker.jpg by Dan Zalipski, CFA

Circuit Breaker Triggered

The market is negatively reacting to two developments over the weekend.  The first of which is the latest on the Coronavirus.  Italy took the drastic step to quarantine 16 million people, more than a quarter of its population, across the northern part of the country in a desperate bid to slow the spread of this disruptive virus.  The second development was related to the energy markets.  Saudi Arabia and Russia failed to come to an agreement to cut oil production in a bid to support prices.  In response, Saudi Arabia announced deep discounts to buyers of Saudi crude, along with an increase in production of at least 10 million barrels per day.  This one-two punch created such intense selling pressure at the open that the market’s ‘circuit breakers’ were tripped.

Give and Receive - Strategies to Optimize Charitable Giving

Scan Alert Image.jpg  By Jon Flaherty, CFP ®

What’s your favorite charity to support and do you wish you could give more?  Have you ever thought about how and what you’re gifting to your charity of choice?  For most folks, the standard is to write a check or give cash, but there could be more tax efficient ways to make your gift.  If we can help you optimize your gifting strategy, would you give the difference to charity too?   

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