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Hello,

This month, our newsletter explores the following topics:

• How much you need for retirement
• Small biz owners have more time to use PPP loans
• Creating a will? What you need to know
• Americans’ average Social Security benefits
• How to sell your home during the pandemic
• How to grow your savings during the pandemic

Feel free to contact us if we can help you with your finances.

Sincerely,

David and Jonathan Mosenson
President and Vice President

This Is How Much You Need For Retirement — And How Covid-19 Will Change That

Americans need on average 70% of their pre-retirement income to live comfortably after exiting the workforce, but many do not have that much saved away — and the coronavirus crisis is about to make it worse. Read More >

Small Biz Owners Now Have More Time To Use Their PPP Loans. Here’s What Else You Need To Know

The rules small business owners need to follow in order to get their federal loans forgiven were recently made more lenient under the Paycheck Protection Flexibility Act. Those who had gotten loans prior to early June were told they had to spend the money in the first eight weeks and use at least 75% of it for payroll expenses. Now they have more options. Read More >

Here’s What You Need To Know About Creating A Will

Putting a will in place for those assets helps ensure that upon your death, your wishes are carried out and that family squabbles don’t evolve into destroyed relationships. In other words, it’s partly about making things easier for your loved ones during an already-difficult time. Here’s what else you should consider if you want to prepare a will. Read More >

How Much The Average American Will Get From Social Security When They Retire

How much should you expect from Social Security if you make the median U.S. salary? Here’s a video for a breakdown of how much you will get and how your monthly benefit will be calculated. Read More >

Selling Your Home In The Age of Coronavirus? Here
Are All Your Top Questions, Answered

While many cities start to reopen—and some continue to experience a high volume of new COVID-19 cases—it’s hard to know how any sector of the economy is doing, especially the real estate market. Here is advice from real estate experts to answer your most pressing questions about selling a home during the coronavirus pandemic. Read More >

The 3 Smartest Ways To Cut Costs And Grow Your Savings During A Pandemic, According To A Personal Finance Guru

Ramit Sethi is an entrepreneur, and the founder and CEO of personal finance website “I Will Teach You To Be Rich”. For most people, he says it’s wisest to reevaluate your top three expenses. Read More >