Some colleges are adding a Covid-19 fee to your bill, refinancing your house will soon cost an additional 1/2 of 1% and maybe it’s time to review your insurance – good idea to try to lower some fees.  Social security checks might not be increasing in 2021.  Rumor has it this is not related to the man who cashed his dead Aunt’s checks for 43 years.

Executive orders from the oval office – worth the paper they’re written on or just a campaign tactic?  Will Congress get their act together?  Are tax changes coming?  If so, do you need to overhaul your portfolio?  What’s with Harvard’s freshman class?  How about the rest of the country?

If you have enough of it, you can set up a camp in your own backyard.  New COBRA rules might let you save a bunch on premiums – unless you need medical care.  Or you can run Kodak and get a nice share award 24 hours before announcing a huge deal worth hundreds of millions.

Yet another stimulus bill is being discussed in the halls of Congress, mortgage rates are at all-time lows (yes, again) and the virus has caused the cancellation of the Nobel Prize dinner.  If that isn’t bad enough, NY could be working on a billionaire’s tax.  Seemingly unrelated, your change may be worth more than you think.

July 15th is the new April 15th, at least in 2020.  Not to be confused with 50 is the new 40.  File, pay estimates, harass your accountants… Students getting jobless benefits for missed summer jobs, states and Auto IRAs and hundreds of millions in fraudulent jobless claims.  Plus a golfer with a protractor.  Go figure...

The last time the Dow had a quarter this strong, Cheryl and Jay were in college – don’t do the math.  Also big news about RMDs – you can now easily return all RMDs taken in 2020.  No need to worry about 60 day rollovers or distributions taken in January.  And Ford lets you return its cars if you lose your job, the PPP expired with money still available so Congress extended the deadline for applying, and banks are getting wise to people taking out 30 year loans with low down-payments for coastal properties.

Yes, you too can get retirement planning tips from a hairdresser/investment guru.  What is the world coming to?  Funny you should ask – seems some former EBay employees sent lovely gifts to those who spoke poorly of the company.  Smile.  Visit the dentist.  It seems that is the key to getting the economy back on track.

Many companies are cutting the matching component and private equity investments could be an option soon (GULP!).  The S&P recovered the full year’s losses – meaningful or not so much?  Are we in a recession?  Are we out of a recession?  Updates to the PPP and tips for 0% credit cards, your stimulus payment debit card and buying a new car.

Maybe the April data is a little skewed coming off a brutal March with little opportunity to spend but savings rates are at an all-time high and income jumped over 10% for the month.  Follows that credit card debt is shrinking.  Like getting mail?  The IRS has plenty for returning workers.  Google and Netflix in the news for different reasons.  Our advisors are not fans of broker sold 529 program.

Twitter’s employees are working from home indefinitely and half of all Facebook employees will be doing the same in the coming decade.  That could reduce their income.  Student loans are cheap.  Lend money to your kids and save them from a battle in divorce proceedings.  Isn’t that sweet?