OverShare Advice and Planning, LLC continues serving Client Families during this time. Our smart technology systems allow us to work with our Clients online with access to our online calendar, encrypted file sharing, online financial planning projections and goal planning along with online account access and investment risk assessments for clients and portfolios.
To schedule a phone call or video conference, Clients, Investors, the Public and members of the Media can access our online calendar - Click here
News surrounding the global spread of the coronavirus is changing constantly. While uncertainty over the effects today and long-term has caused selling in the markets along with disruptions to businesses, travel and people’s everyday lives.
There are practical steps you can consider taking to stay focused on your long-term goals and to help keep yourself and your family safe.
As nations work to manage the spread of the coronavirus, investors search for clarity on the implications for the economy, supply chains and asset classes worldwide. In addition, small business owners are navigating these interruptions and investigating the stimulus programs that are available.
Are you getting a check as part of the Economic Impact Payments?
Here is what you need to know about your Economic Impact Payment. For most taxpayers, payments are automatic, and no further action is needed. This includes taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees.
Checks (or electronic funds transfer to your bank account listed on file with the IRS) $1,200 for individual or head of household filers, and $2,400 for married filing jointly if they are not a dependent of another taxpayer and have a work eligible Social Security number with adjusted gross income up to:
- $75,000 for individuals
- $112,500 for head of household filers and
- $150,000 for married couples filing joint returns
Taxpayers will receive a reduced payment if their Adjusted Gross Income is between:
- $75,000 and $99,000 if their filing status was single or married filing separately; Over $99,000 is reduced to zero, no check.
- $112,500 and $136,500 for head of household; Over $136,500 is reduced to zero, no check.
- $150,000 and $198,000 if their filing status was married filing jointly; Over $198,000 is reduced to zero, no check.
The amount of the reduced payment will be based upon the taxpayers specific adjusted gross income.
Eligible retirees and recipients of Social Security, Railroad Retirement, disability or veterans' benefits as well as taxpayers who do not make enough money to normally have to file a tax return will receive a payment.
This also includes those who have no income, as well as those whose income comes entirely from certain benefit programs, such as Supplemental Security Income benefits.
Retirees who receive either Social Security retirement or Railroad Retirement benefits will also receive payments automatically. That's right, even if you aren't actively working and receive retirement benefits from the Social Security payments you will receive an Economic Impact Payment. Please reach out if we can answer specific questions are help understand you situation.
"This is precisely the time when artists go to work. There is no time for despair, no place for self-pity, no need for silence, no room for fear. We speak, we write, we do language. That is how civilizations heal."
- Toni Morrison
Video Message From Dimensional
We utilize a variety of investment strategies, funds and holdings to build your investment portfolio. Over the years we have worked with and became intimately familiar with the approach of Dimensional Fund Advisors with global operations and headquarters in Austin, Texas. We have utilized their investment offerings for our Client Families and when confident in their role int the portfolio will do so in the future.
On this video, Dimensional's Executive Chairman and Founder David Booth shares his perspective on the current global pandemic with thoughts on both health and finance.
Below are a list of websites that contain various resources for you to review. This includes information for small business to apply for fiscal stimulus, information on medical and health topics along with checklists that can be valuable to simplify life a little more during this time.
Small Business Administration - Click Here
Center for Disease Control - Click Here
Checklist for Emergency Relief During Coronavirus PDF - Download Here
Checklist for Items to Consider if You Lose Your Job PDF - Download Here
Need Financial Planning Help but can't Afford it?
As of March 21, 2020 we have added 20 hours per week to our calendar to be available for volunteer pro bono (free) financial planning help. You can use our online calendar to schedule a one hour phone call or video chat.
Learn how we build your Financial Plan, Manage your Money and Investment Portfolio along with learning more about available Account Protection on your Investment Accounts.
More cool stuff to check out here...