Do your friends talk about their financial advisors and you automatically assume they spend a fortune to have that meeting? This article explains how some advisors have altered their fees so those who don't use an advisor can afford it to pursue their financial goals. Some offer monthly subscriptions while other bill hourly. This myth debunked: You don’t have to be wealthy to hire a financial advisor Published Tuesday, October 27, 2020 8:00 AM EDT Annie Nova @ANNIEREPORTER KEY POINTS More advisors are getting creative with their fees so that they can offer their services to people who normally couldn’t afford it. That includes charging a monthly subscription or billing hourly for financial planning. Meanwhile, others are providing group coaching and courses. There’s a big misconception that financial planning is only for the wealthy. The truth, however, is that financial planning is a path for anyone to actually gain wealth. The objective of financial planning is to get people
Beginning November 1, 2020, the Texas Workforce commission is reinstating the search for work requirement to remain eligible for unemployment benefits. In order to stay eligible, a claimant would need to: Register on workintexas.com Search for work according to the TWC guidelines, at least 1 to 3 searches per week (depending on county of residence) Take advantage or the re-employment services available Keep a work search log and be able to provide the log to TWC upon request. Apply for and accept suitable full-time work. After November 1, 2020, claimants will be required to certify that they are completing these requirements each week when they request benefit payment. To get more information, click here .
NAPEO keeps us informed of changes in legislation, yesterday, the Small Business Administration rolled out a new Payroll Protection Program forgiveness application for all loans that are $50,000 or less. SBA Issues New PPP Forgiveness Application for Loans Under $50,000 Yesterday (October 8), the Small Business Administration announced a simplified Payroll Protection Program (PPP) forgiveness application for all loans of $50,000 or less. SBA also eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly. Click here to view the simpler loan forgiveness application. Click here to view the instructions for completing the simpler loan forgiveness application. Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less. For more information, contact Thom Stohler. The National Association of Professional Employer Organizations 707 North Saint Asaph Street Alexandria, Virginia, 22314 (703) 836-0466 cov
After the SECURE Act was voted into law last December, the public had lots of questions. This article addresses eligibility for part-time employees as well as withdrawals from retirement plans by new parents for birth or adoption expenses. IRS Guidance Clarifies Employers' SECURE Act Obligations 401(k) withdrawals for birth or adoption, plus coverage of part-time workers, are addressed By Stephen Miller, CEBS September 18, 2020 LIKE SAVE PRINT EMAIL REUSE PERMISSIONS updated September 22, 2020 L ong-awaited IRS guidance answers questions about how employers should implement the Setting Every Community Up for Retirement Enhancement (SECURE) Act, signed into law last December. The SECURE Act seeks to expand retirement plan coverage for U.S. workers. On Sept. 2, the IRS released Notice 2020-68 addressing components of the law such as eased withdrawals from retirement plans by new parents for birth or adoption expenses, and required retirement plan eligibility for part-time emplo