Most industries and many kinds of businesses are facing challenges unforeseen months ago, and further changing business practices is likely going to be necessary as the situation evolves. Predicting the future is ultimately an exercise in futility, but having said that, it’s likewise necessary to understand and anticipate trends and…
We live in unprecedented times, as the social, political, and financial fallout from the COVID-19 coronavirus pandemic continues to evolve. The 2nd, 3rd, etc tier effects of both the virus and our various responses to it will ripple through our lives for some time to come. However, within every challenge…
In early March, consensus expectations for 2020 global GDP growth were +3%. Now they are -3%. That is a 6% swing in one month – unprecedented. You have to go back more than 40 years to find a similar decline in GDP. Even then, it took 12 months. Generally, such…
At the time of this writing, infection and cross-contamination are an ongoing and vital discussion in health care circles. The bulk of the discussion is focused on the ongoing battle against the COVID-19 Coronavirus. However, there are other ongoing concerns for oral health care providers across America. With many dental…
Annuities are a series of financial tools receiving a great deal of attention recently. Despite the publicity, there are still a number of misunderstandings about annuities. Like, what they are and how they work. We’d like to address some of those questions. And, more importantly, give you a link to…
The economic impact of COVID-19 is causing concerns among many employers faced with contribution requirements associated with their Cash Balance and Defined Benefit Plans. In light of the current economic environment, many plan sponsors may not be in a position to continue, at least in the near term. Cash Balance…
These are challenging times. The COVID-19 pandemic has reshaped many aspects of our lives, including our financial well-being. We’ve discussed in previous blogs and newsletters the approach we advise our clients to take in navigating the financial and investment landscape, but it has come to our attention financial scams have…
The CARES Act was signed into law on March 27, 2020, and contains several provisions specific to retirement plans. Below is a list of Frequently Asked Questions (FAQs) we are hoping will address your immediate concerns. For further clarification and the next steps, please reach out to your dedicated Plan…
The discussion among many small business owners is how to utilize the Paycheck Protection and Economic Injury Disaster Loans, as well as other programs made available by the Small Business Administration (SBA). We’ve highlighted two options the SBA is offering and what each entails. Option One The Coronavirus Preparedness and…
Guidance issued from the Treasury Department The Paycheck Protection Program, starting this week, will provide up to $350 billion in fully forgivable loans to help small businesses maintain payrolls during the coronavirus pandemic. The loans are fully guaranteed by the Small Business Administration. But, the SBA will waive all SBA…
© 2020 Omnistar Financial Group.