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Hello friends, welcome to the December 2020 market outlook. We hope this letter finds you well and your families enjoyed a wonderful Thanksgiving. Obviously, this year was different from a variety of ways. But with the holiday season upon us, we’re approaching the end of a dreadful year. Here’s to 2021 being a major improvement. Let’s dive in.
Employers are able to postpone the amount of payroll tax they pay on employees’ salaries attributable for 2020. If elected, half of these taxes will be due 12/31/2021 and the remaining half by 12/31/2022.
Financial support for individuals is available in a one-time check or direct deposit, which will be sent from the US Treasury. The full credit amount is $1,200 for individuals, $2,400 for couples and $500 for children under age 17.
Paid sick leave and family leave is available to employees of small and mid-sized companies under 500 employees from 4/2/2020 to 12/31/2020. Under this plan, the company pays its employees and is reimbursed by the government in the form of a payroll tax credit.
First and foremost, I hope this note finds you, your families and loved ones healthy and well. These are trying times but we will get through this together. Social distancing is imperative right now, especially since it seems to be working.
When the economy is roaring, we take it as a given that the stock market must be rallying too. Low unemployment, high GDP numbers, and robust wage growth all bode well for a soaring stock market.
If you’ve ever flipped on the TV and landed on Bloomberg television or CNBC you might hear them reference the yield curve when talking about the future prospects of the economy.
From commodities like gold and oil, to emerging market debt and equities, you will hear the price movement of almost everything tied to the price of the U.S. dollar.
This month we look into how to organize your finance records and cash flows, as well recovering important documents and unclaimed accounts. We dive into essential records: What are they, how long should they be kept, and where?
