Thursday, April 2nd, 2020
Your April e-news from TVAMP
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The Coronavirus Aid, Relief, and Economic Security Act, AKA the CARES Act, is now law. This historic and sweeping legislation was created to help keep workers paid and employed, allows businesses to remain operational and makes necessary health care system enhancements to stabilize the economy.
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Taking Care of Your Financial Health
Stock indexes have been on a wild ride. The virus has disrupted supply chains and hurt profits across industries. We remind long-term investors, the US markets historically have bounced back after big losses over time and kept climbing. We know these times are overwhelming, but we're here for you and we're in this together.
Here's the latest:
First, here's a blog outlining
what is included
in the $2 TRILLION relief package known as the CARES Act.
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You're staying positive, right?
We've been reminding clients that
financial opportunities
are out there, even in these uncertain times. Call us if you'd like to discuss your strategy.
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Help for small business owners:
The CARES Act sets earmarks of $350 billion for small business loans and loan guarantees. Businesses can borrow up to 250% of their monthly payroll, with a maximum amount of $10 million.
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Businesses that watched their gross receipts fall by 50% or more compared to last year can get a tax credit if they retain their workers. The credit is worth up to half of the wages paid during the crisis. Also, employers don’t have to worry about making payroll tax payments, but rather than being eliminated,
these taxes are deferred
. Half is due by the end of 2021, and the other half in 2022.
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Our advisors are studying these rules now and are ready to assist you. If you want help determining eligibility or applying for a loan please call us.
(865) 226-9982
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New TVAMP Team Member!
Welcome, Andrew Cochran, MBA, AAMS®
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Two weeks ago, Andrew Cochran joined our team from a financial services firm in Chattanooga, TN.
Andrew’s #1 priority is to show his clients where financial opportunities and pitfalls may lie. As a fiduciary, he always acts in his client’s best interest. He says, “To me, real wealth is not about having a lot of money… It’s about having freedom for your journey through life.”
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TVAMP Events
Our spring events have been postponed for the time being. We'll let you know as soon as we reschedule them.
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Upcoming Holidays / Office Closures
- Friday, April 4th, Good Friday (offices closed)
- Sunday, April 12th, Easter Sunday
- Sunday, May 10th, Mother's Day
- Monday, May 25th, Memorial Day (offices closed)
- Sunday, June 21st, Father's Day
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TVAMP Financial Planning & Investment Management
We believe chaotic and uncertain times are the most important times to be kind and encouraging to others. We're finding out what we're truly made of. How will you stay motivated? How will you adapt? How will you help others?
This may be the time you need a trusted financial professional most. If you'd like to schedule a time to talk with one of our advisors, please send an email to
[email protected]
or call us at
(865) 226-9982.
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Office Hours:
8:00 AM - 4:30 PM Monday - Thursday
8:00 AM - 4:00 PM Friday
Learn more about us on our website:
tvamp.com
. Our a
dvisors have a secure form and their email address listed on their
individual page.
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Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through TVAMP, a registered investment advisor, and separate entity from LPL Financial.
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