Thankfully, and I mean THANKFULLY, this has not yet become my reality but for many full time and traveling therapists, nurses, etc, this has become theirs. Personally, many of my friends, past colleagues, and fellow travelers have been asking questions about the process of applying for unemployment insurance as COVID-19 has proven that job security in healthcare isn’t as safe as we once thought. So, I figured diving in to answer as many of these questions as I could would be helpful. Plus, there is a strong chance that after my current contract is up at the end of May, I may be applying for unemployment as well since the…
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Simplifying The CARES Act: What Should I Do With My Check?
The CARES Act The CARES act or Coronavirus Aid, Relief, and Economic Security act is a federal law that in part directs the use of the 2 trillion dollars of funding for COVID-19 relief aid. For the purposes of this article, we are going to focus primarily on the stimulus checks or economic impact payment. These stimulus checks continue to be the sources of confusion amongst conversations, so I think before we talk about how to use it, we need to clarify some of the many questions surrounding it. What is it? The stimulus check is money that is considered a 2020 tax credit that citizens are being given if…
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Market Timing: Is Now the Time to Get Out of the Market??
This week especially I have received questions and have seen countless Facebook posts asking if “now was the time to get out of the stock market”. So I think it’s time we address this oft asked question to hopefully help decrease fear and avoid some of these costly mistakes. So to start out, the majority of us are and should be long term investors. Meaning, we have a retirement goal set for 10, 20, 30 years into the future. If you are a short term investor, you are either beginning the transition to retiring soon which usually equates to moving more towards bonds or you are gambling. Market Timing (i.e.…
