The IRS announced two procedures for taxpayers who normally do not file a federal tax return to file returns to receive the economic impact payments (Rev. Proc. 2020-28). Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, eligible individuals will receive an economic impact payment of up to $1,200 for individuals or […]
Archives for 2020
Franklin Templeton’s flagship posts a $4.3B drop in assets in 2020
The main bond fund run by Franklin Templeton’s Michael Hasenstab posted a $4.3 billion decline in assets in the first three months of the year, its worst quarter since 2016. Total net assets in the Templeton Global Bond Fund (TGBAX) slumped to $22.6 billion as of March 31, public filings show, down from $26.9 billion […]
Carlyle joins fundraising frenzy with a $3.5B credit fund
Carlyle Group is raising more money to lend to troubled companies as the coronavirus wreaks havoc on the global economy. The alternative asset manager plans to raise as much as $3.5 billion for a new credit opportunities fund, according to people with knowledge of the matter. Led by Alex Popov, the fund will be similar […]
Bringing financial planning topics to CNBC
Last night I hosted a special on CNBC to tackle some audience questions about financial planning, tax strategies, estate planning, risk tolerance, asset allocation, etc. I really appreciate the network for giving me the opportunity to bring these topics onto the air. Here’s a clip, discussing “optimal portfolios” versus real life: Source: Financial advisor: Most […]
How to keep 401(k)s on track during the coronavirus: Tax Strategy Scan
Our weekly roundup of tax-related investment strategies and news your clients may be thinking about. How to keep your clients’ 401(k)s on track during the COVID-19 crisisA few tips can help workers ride out the coronavirus crisis and ensure that their 401(k) savings stay on track, according to this article in Forbes. For starters, clients […]
Swiggy to layoff cloud kitchen staff, shut few outlets
Online food delivery app Swiggy said it will layoff a part of its private brand kitchen team, renegotiate contracts with landlords, while discontinuing operations at a few of its centres on the back of the Covid-19 pandemic which has severely impacted the food and hospitality industry. Sources close to the matter said Swiggy plans to […]
ETtech Top 5: WFH essentials, safety net for gig workers & more
Hello everyone, If you are at home with a decent internet connection and a functional laptop or desktop, you should consider yourself lucky—at least in these circumstances. There are many who are struggling to get online, especially at a time when work from home and virtual classes for students have become inevitable. And with that […]
ETtech Top 5: WFH essentials, safety net for gig workers & more
Hello everyone, If you are at home with a decent internet connection and a functional laptop or desktop, you should consider yourself lucky—at least in these circumstances. There are many who are struggling to get online, especially at a time when work from home and virtual classes for students have become inevitable. And with that […]
Zoom’s security woes were no secret to business partners like Dropbox
By Natasha Singer and Nicole Perlroth One year ago, two Australian hackers found themselves on an eight-hour flight to Singapore to attend a live hacking competition sponsored by Dropbox. At 30,000 feet, with nothing but a slow internet connection, they decided to get a head start by hacking Zoom, a videoconferencing service that they knew […]
Zoom’s security woes were no secret to business partners like Dropbox
By Natasha Singer and Nicole Perlroth One year ago, two Australian hackers found themselves on an eight-hour flight to Singapore to attend a live hacking competition sponsored by Dropbox. At 30,000 feet, with nothing but a slow internet connection, they decided to get a head start by hacking Zoom, a videoconferencing service that they knew […]