Tag archives: CARES Act
What – exactly – is a bank? A bank is a financial institution licensed to receive deposits, make loans, and attach ball point pens to countertops with little chains that are inevitably too short by about an inch. A bank, if it chooses, will also advise on managing your wealth, will exchange your greenbacks for […]
Benjamin Franklin observed that “In this world, nothing can be said to be certain, except death and taxes.” Right now, we are up to our eyeballs in coronavirus deaths (over 140,000 as of today) and equally consumed by taxes. The coronavirus death numbers conclusively prove the necessity for the U.S. to have a better public […]
I’ve been thinking lately about all the money that’s been flowing into the economy from the CARES Act. The $500+ billion that went to big corporations has been in the news lately – mostly because of the brouhaha over Treasury Secretary Mnuchin refusing to tell the Congress how much he gave, to whom he gave […]
The recent CARES act allowed for a special mid-year adjustment to benefits elections to allow employees to adjust how much they spend on medical insurance and fund their medical cost savings plans. Given that studies estimate that couples over age 65 could spend over $350,000 on medical costs – including Medicare – during retirement, funding […]
In response to the massive economic impact of the coronavirus, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27. This sweeping action brought over $2 trillion to fight unemployment, bolster public health and provide some tax relief to businesses and individuals. Though much of the bill focuses on unemployment benefits […]
Last week, the Santa Barbara City Council voted unanimously to pass a moratorium on evictions for both residential and commercial tenants through the end of May; a similar moratorium was passed by the Santa Barbara County Board of Supervisors as well, ensuring that residential and commercial tenants in unincorporated areas of the County are not […]
