This week, one of my tenants called me at 8 pm because a carbon monoxide detector was beeping. They tried changing the batteries but it was still going off. Even though the heat was off so I felt there was no danger, I still felt I needed to drive over and check it out (turned out to be a hassle but the joys of rental property can be a far cry from how wonderful HGTV makes it look).
With increasingly widespread salary cuts, furloughs and layoffs, can you cut or cancel contributions to your retirement plan? For some, there is little choice. For others it may be a question of trimming a payroll deduction to have a bigger paycheck. Does this temporary decision matter?
There are three reasons why it does matter.
A pandemic, record high unemployment, a business decline in restaurants, hotels, airlines and general uncertainty. Sure doesn't seem like a positive for stocks.
And yet, after the initial drop in 2020 due mostly from the Coronavirus and a severe drop in oil prices, the market seems to have rebounded after bottoming out on March 23rd.
By now I’ve spoken with several friends, family members or clients that have gotten the coronavirus. Thankfully they have all recovered and were either asymptomatic or had mild cases. But what if they hadn’t? What if they were totally unable to function for an extended period?
What should you be doing to be prepared?
May 1st decision day has come and gone for some schools; however, many others have extended their deadline to June 1st or later. Despite the extension, some high school seniors are faced with the decision of basing their college decision off of solely an online tour if they were unable to visit campuses prior to the virus.