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?

Your biological age or your chronological age – maybe it really is just a number.  Coincidence that we discuss this on Cheryl’s b-day?  An early review of the CARES Act and a potential preview of the Heroes Act.  Quarantine can change the state to which you owe taxes.  Good luck getting life insurance.  Good luck to new grads.

Or at least they were for about 30 minutes.  Add in some updates on stimulus checks, COBRA and how to get forbearance on PRIVATE student loans.  If you take a few minutes to listen to Charlie Munger’s story, you might not feel so bad for yourself.  A nice dose of perspective.

The dangers of relying on rent to afford a second property and Warren Buffett rides again.

According to Morningstar and others, investors did just that in Q1.  Seems Jay and Cheryl think some numbers may have been spun and there was plenty of panic to go around.  Banks may be cutting your credit lines on cards and HELOCS.  Good luck returning your leased car and please don’t link your credit cards to Venmo.  Could be quite expensive.

Could be at an old bank, Wal-Mart, H&R Block or in the ether.  Updates on the PPP, 401(k)s and the plummeting price of oil.  A HELOC is a great emergency backup but good luck getting approved for one these days.

Of course we don’t know where it is but clients ask anyway.  Greatest week in 45 years is nice but doesn’t mean much.  Updates to the stimulus bill, Google and Apple teaming up and auto insurance refunds.  Plus we found it more surprising that 1 in 5 people weren’t paying their rent on time BEFORE the pandemic hit.

Updates on reversing RMDs already taken, small business loans – who is and who should be taking them – and guidance for those who face travel cancellations.

We review the CARES Act, update tax deadlines and strategies, unemployment payments, student loans and retirement account distributions.  Plus the quickest bull market in history.  Yes, right now.