There is no doubt that the Coronavirus pandemic has had a profound effect on Americans. The year started off great with the stock market hitting record highs in February and the unemployment rate near record lows. However, with the global spread of the virus, 23 million Americans lost their jobs in April and unemployment rates soared to the highest they’ve been since the Great Depression.
Lakeside Financial Planning (LFP) wants to let you know that we are here to support you during this difficult period. Rest assure, we still are fully operational, and have always been, from a remote perspective.
For those of you who have not received your stimulus check, the IRS has a new link where you can check the status.
The size of your economic stimulus check is dependent upon three factors; tax filing status, adjusted gross income, and the number of qualifying children under age 17
Fear is a much more powerful emotion than greed, which historically has led markets to drop much faster during tumultuous times than they rise during prosperous periods.