Beating COVID-19: Tips for Your Insurance, Finances, and Business - May 21, 2020

May 21, 2020
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News. Insights. Analysis. Inspiration.


Today's Key Question:

Would you give your state government good marks or bad marks on how they have responded to the pandemic? Why?



"What You Need To Know To Start Working From Home"

From Forbes:

* With COVID-19 forcing many businesses to quickly implement remote work, you may suddenly find yourself working from home and wonder how to get started. Here are six tips to help you effectively manage yourself. 


"24 Acts of Kindness During the COVID-19 Pandemic"

From MyCorporation:

* Donating face masks and money for relief funds. Feeding hungry students no longer in school. Tipping workers in essential jobs. Acts of kindness are appreciated, and necessary, now more than ever in our COVID-19 pandemic world.

The beauty of acts of kindness is that they inspire more kindness. We are all in this together. Because of that, we are learning to be patient. Everyone is practicing compassion and care for one another. Most of these acts are rather unexpected, too, which is the joy in receiving them. It’s a remarkable domino effect that spills over to everyone else, in and out of small business.


"Steve Mnuchin: Employees Who Reject Offer To Resume Work Ineligible For Unemployment"

From Daily Wire:

* The treasury secretary said that companies receiving benefits from the Payroll Protection Program should notify unemployment offices if the employee refuses to work. Fox News provided more details on the program and how employees have been earning more on unemployment than actually working:


"How to Prepare for a Smooth Transfer of Wealth"


* How can a wealth transfer go wrong? Assets could end up in a probate court after your death, or inadequate planning could lead to family strife and courtroom battles between heirs. Your heirs could lose significant sums to estate taxes at both the federal and state level, which may have been unnecessary. Your money could go to the wrong people, or your money could go to someone who isn’t ready to handle it responsibly.


"Markets See Light at the End of the Tunnel: Recovery by July, Says CPLIX’s Grant"

From Calamos:

* Grant acknowledged that many investors are confused by an apparent paradox: the rapid and uninterrupted recovery in equities since the March lows despite the most severe global recession on record. The rally is “special,” he agreed, and the result of decisive initiatives of the Federal Reserve. “The reality is that U.S. policymakers have quashed the liquidity and solvency risks of this event. History is likely to judge them well,” said Grant.

* “The resilience of the Western consumer combined with unparalleled policy support,” he continued, “will minimize financial stress with the consequence that by mid-year, the global output cycle is well on its way to regaining its pre-virus capacity.”


"Texas Admitted It Can't Enforce Its COVID-19 Lockdown. More States Should Do The Same"

From Reason:

* The licensing department has now gone a step farther, saying it will allow "the reopening of cosmetology and barbering establishments retroactively to April 2," wiping out any violations from the past six weeks.


Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here