Tag: Coronavirus

6 Ways to Use Your Stimulus Check Wisely

One of the most talked about benefits of the recent CARES Act is the $1,200 stimulus payments for individuals who earned $75,000/year or less and $2,400 for married couples filing jointly that earned $150,000/year or less. This goes to everyone, whether they’ve experienced income loss or not. Here are some strategies to use your check… Read more »

Relief for Student Aid

Federal Student Loan Borrowers Get Expanded Relief in CARES Act

On March 27, 2020, Congress passed the CARES Act, the largest economic stimulus bill in the history of the United States, in response to the coronavirus pandemic.1 Included in the legislation are new rules for student loan relief that supersede the rules that were announced only a week earlier by the Department of Education. For more… Read more »

Stay on Course

Coping with Market Volatility: Continuing to Invest May Help You Stay on Course

ASK A FINANCIAL PLANNER In the current market environment, the value of your holdings may be fluctuating widely — and it’s natural to feel tentative about further investment. But regularly adding to an account that’s designed for a long-term goal may cushion the emotional impact of market swings. If losses are offset even in part… Read more »

Economic Impact Payments

What to Know About Your Stimulus Check

Update 5/28/20 — Eligible taxpayers expecting a check in the mail will receive a prepaid debit card instead. These stimulus payments will arrive in a plain envelope from “Money Network Cardholder Services,” and the issuing financial institution is Meta Bank. Stimulus VISA Debit Cards can be used at ATMs, for purchases, and funds can be transferred… Read more »

CARES Act

CARES Act Provides Relief to Individuals and Businesses

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here. Unemployment Provisions The legislation provides for: An additional $600… Read more »

Income Loss

What Can You Do if You Experience a Loss of Income?

Experiencing a loss in income is an extremely stressful event that will leave you feeling lost and worried about the future. But you don’t have to do it alone — there are tools and resources available to make your situation manageable as you get back on track. If you have loans at SESLOC, see what… Read more »

Small business owner SBA loans

COVID-19: Special Business Loan and Federal Government Disaster Assistance Programs

Edited April 7, 2020 We care about our members, businesses and the communities we serve. That’s why we’re here to help. We have options for payment deferrals and access to Federal Government Disaster Assistance Programs for small businesses. We will all get through this together! Note, we too are impacted by the shelter-at-home warning and are working with fewer team… Read more »

From Your CEO — Spring 2020

This note is being written on March 25, and the one thing I know is that our situation will likely be different the day you are reading this. News and caution regarding the COVID-19 pandemic has grown and changed every day. These are unsettling times that we haven’t experienced before. For perspective, I’d like to… Read more »

Bear Markets Come and Go

Bear Markets Come and Go

ASK A FINANCIAL PLANNER The longest bull market in history lasted almost 11 years before coronavirus fears and the realities of a seriously disrupted U.S. economy brought it to an end. If you are losing sleep over volatility driven by a cascade of disheartening news, it may help to remember that the stock market is… Read more »

Online Educational Resources for Youth

Fun Online Tools to Teach Kids about Money [Includes Printable Downloads]

Financial education is important, and it’s never too early to start. At SESLOC, we make learning fun with activities to help your kids learn the value of money and the importance of growing their savings. Help them develop habits now for a lifetime of financial wellness. Check back weekly to see what’s new! For Kids:… Read more »