Newsletter Issue: Vol 10 Issue 1
January 2021
piggybank_bills.jpg
Long Term Economic Implications from COVID-19
Even if American life largely returns to normal this year because of the COVID-19 vaccine, it’s unlikely the economy will bounce back quickly. Americans aren't spending as much as they used to. Millions remain unemployed. For an economy that runs on consumer spending, that's a huge issue. CNN has the latest:
tax word
What is a 1099 Form?
A 1099 form is a record of payment from an individual or entity, showing a payment, generated for your records. Receiving a 1099 form does not automatically mean that the payee owes tax, as there could be situations that offset that income, but it definitely means that the I.R.S. also has a record of that payment. Here are some of the many types of 1099's.
stock-investment-pennies.jpg
Monthly Economic Update
A tumultuous year ended on a positive note as stocks rose in December, spurred by the rollout of multiple COVID-19 vaccines and the signing of a new fiscal relief bill.
The Dow Jones Industrial Average, which lagged all year, picked up 3.27 percent. The Standard & Poor’s 500 Index gained 3.71 percent, and the Nasdaq Composite tacked on 5.65
Symphony Financial
Office: 703-865-4092
Fax: 703-865-4096
Registered Representatives. Securities offered
through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representatives, Cambridge Investment Research Advisors, Inc. a Registered Investment Advisor. Cambridge and Symphony are not affiliated.