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In our previous episode, Shanna Tingom explained how the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act will affect individuals.  Today, we take a closer look into how it will affect businesses. We'll cover:

The Economic Injury Disaster  Loan Grant

The Paycheck Protection Program

Which payouts will become loans and which will become grants

More resources available to get more information

Resources:

SBA.gov Loan and Grant Resources

Heritage Financial Website

• Call Heritage Financial at: (480) 397-1184

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed into law at the end of March.  Today, Shanna Tingom breaks down the effects this new legislation will have on individuals.

Stimulus Checks

Retirement Contributions

Resources:

Stimulus Check Calculator

Heritage Financial Website

Call Heritage Financial at: (480) 397-1184

Today, Shanna Tingom from Heritage Financial explains market volatility,

We start with an explanation of terms, including The Market, correction, and bear market. 

We also look at historical data when it comes to market volatility and other disease epidemics.

Finally, we get into the psychology of market volatility and why you often need to fight your instincts, and not sell when the market drops.

Resources from today's episode:

Shanna's resource on market volatility

Financial advisors have many, many different types of compensation structures. Shanna and Jon explain the questions you should ask an advisor to get a better understanding of how they are paid. And don't be afraid to ask tough questions if you don't understand an answer! Transparency is key, and Shanna breaks down her fee structure at Heritage Financial.

Resources:

Heritage Financial Website

• Call Heritage Financial at: (480) 397-1184

RSU's, or Restricted Stock Units, are often used as an incentive to recruit - and keep - top talent. In this episode, Shanna and Jon walk us through RSUs, the key dates involved with them, and their tax implications.

Resources:

Heritage Financial Website

• Call Heritage Financial at: (480) 397-1184

Today we cover what you can do for your grandchildren, your children, and of course your spouse.

These include making arrangements for:

• 529 Plans
• Roth IRAs (hint: you can start one for your kids/grandkids)
• Estate Planning
• Trusts
• Life Insurance
• Advance Directives

Resources:

Heritage Financial Website

• Call Heritage Financial at: (480) 397-1184

Important aspects of the new SECURE Act:

• IRA Contributions
• Required Minimum Distributions
• Legacy Retirement Accounts (for your heirs)
• Implications for Small Businesses
• 529 College Savings Plans

Shanna Tingom of Heritage Financial breaks down each of these areas of the SECURE Act.

Resources:

Heritage Financial Website

• Call Heritage Financial at: (480) 397-1184

Last episode, we looked at New Year's Resolutions.  As we begin 2020 though, now is a great time to take a longer view of your financial situation.  This may include:

Reviewing beneficiaries on accounts and life insurance

Making sure you have enough life insurance coverage and checking the expiration date

Checking the investments of your retirement accounts

Reviewing your estate plan

Reviewing your insurance

Hiring someone to help if you need it!

Resources:

Heritage Financial Website

• Call Heritage Financial at: (480) 397-1184

Happy New Year! Today, Shanna Tingom and Jon Gay break down New Year's Resolutions. Why do 80% of them fail? What are some good resolutions (goals) to set? What strategies can we employ to keep them?

• Make Them Tangible
• Make Them Obvious
• Keep Believing You Can Do It
• Build In Accountability

Resources:

Heritage Financial Website

• Call Heritage Financial at: (480) 397-1184

For people going through the divorce process, a common question is, "Should I hire a divorce attorney?"  Today, Shanna Tingom explains why the answer might not be as  obvious as you think..

We cover the different ways to get divorced in Maricopa county, as well as more challenging situations, such as a spouse living in another state or being deployed.

Resources:

Second Saturday Divorce Resource Workshops

Women's Institute for Financial Education - wife.org

Heritage Financial Website

Call Heritage Financial at: (480) 397-1184