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Finance

Real estate is still a popular investment pick. Here’s what you need to know about buying in a downturn | CNBC News

Buying a home is considered to be one of the biggest investments you can choose. Many are wondering what they should do if they were looking to buy a home during the coronavirus pandemic. “In most historic recessions, the property market has either remained largely resilient or was only impacted across certain real estate sectors,” commented Dhruv Arora, CEO of ... Read More »

Draining your 401(k) because of COVID-19 is painful, but you can rebound | USA Today

Many people are in the same boat as they have been laid off or had their wages cut, and unemployment is backed up. As the economy continues to spiral, some people are having to pull funds from their 401(k), with some expressing the defeat they feel in doing so. Financial advisors are stating that this is not the end of ... Read More »

Feds arrest 2 men in first fraud case involving PPP loan program for small businesses hurt by coronavirus | USA Today

Two men in New England have been arrested for trying to get thousands of dollars out of the federal Payment Protection Program. The PPP is a loan designed to help businesses pay their employees during the coronavirus crisis. The chief of the U.S. Justice Department’s Criminal Division has commented that more cases are likely to be discovered in the future ... Read More »

Retail giant Walmart got $12.6 million in federal health stimulus cash intended for doctors and hospitals, but decided to give it back | Business Insider

The retail giant Walmart has returned $12.6 million to the federal government after receiving money from a fund designated to help medical providers struggling from the coronavirus pandemic. The company provides healthcare services and has even helped set up coronavirus testing sites, but still returned the money. They were amongst over 500,00 providers to receive a payout for health care ... Read More »

$500 billion coronavirus aid package passes U.S. Senate, headed to House | Reuters

The U.S. Senate has approved a coronavirus aid package that is now being sent to the House of Representatives. President Trump has urged Congress to quickly approve the $484 billion package that would help small businesses who have been able to get a previous disaster loan. State and local governments will also receive funds to be used. This comes after ... Read More »

Why students are seeking refunds during COVID-19 | US News

While the coronavirus has required many colleges to send students home before the end of the semester, everything has been moved online. Many students are now taking issue with tuition and room/board costs. While some schools have refunded the unused dorm room and meal plan costs, other students are taking legal action for actual class refunds. One student from New ... Read More »

Buying a home during the pandemic? Don’t expect your everyday home purchase | Forbes

While home buying and selling has decreased these past couple months due to the coronavirus pandemic, it is still possible. Social distancing has thrown a wrench in showing homes and has made sellers more nervous to allow others inside their house. One positive aspect for buyers is that they will face less competition. Many people are holding off on buying ... Read More »

Everything you need to know about your $1,200 stimulus check | Forbes

The questions everyone is asking about the stimulus checks include when they are sent out, how much do we get, and how do we acquire the funds? In order to receive the full stimulus check amount, you have to meet the income threshold, which is $75,000 for a single filer and $112,500 for joint filers if you don’t have any ... Read More »

SBA Paycheck Protection Program (PPP) Loan Estimator | Feld Thoughts

Since the release of new programs and loans designed to help small businesses during the coronavirus pandemic, numerous calculators have popped up across the internet. However, many of them are inconsistent and are only based off a specific bank and vary greatly in their complexity. Feld Thoughts has created an estimator tool for the SBA Paycheck Protection Program Loan that ... Read More »

My husband and I have lost about 30% of our income to the coronavirus, but with our 5-step plan we should manage just fine | Business Insider

As the coronavirus has continued to spread and impact the economy, more employees have been laid off or taken a pay cut. This author and her husband fell into this category, taking a combined total of a 30% pay cut so far. While some of these changes are to be expected by now, it is still important to prepare and ... Read More »