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These 9 million Americans haven’t received a stimulus check. How they can get one

Finance
Tetra Images - Daniel Grill | Brand X Pictures | Getty ImagesMillions of Americans who were shut out of $ 1,200 coronavirus stimulus payments this year are about to get one more chance at a check.Later this month, the IRS will begin mailing letters to about 9 million people who normally don't file a federal income tax return but may be eligible for a payment.Individuals who receive the letters must register at IRS.gov by Oct. 15 in order to receive their payment by the end of 2020.More from Personal Finance:          For many, the $ 1,200 stimulus check never came. Here's whySecond $ 1,200 stimulus checks could still be on the tableFive key things workers should know about the payroll tax deferralA considerable amount of money is at stake. In...
These business owners got a PPP loan. It may not be enough

These business owners got a PPP loan. It may not be enough

Finance
Robert Miller, a Pittsburgh area restaurateur, has watched with sadness as some of his favorite local eateries closed for good in recent weeks.Union Standard, Pizza Taglio, Spoon — just a handful of the businesses lost in the age of the coronavirus pandemic."They're all places people would know by name," Miller said.Miller, 45, expects his restaurants would have been among the wreckage if it weren't for aid received as part of federal coronavirus relief.His three establishments — Sidelines Bar and Grill, Sidelines Beer House and The Fire Side Public House — collectively got about $ 212,000 in funding through the Paycheck Protection Program and $ 775,000 from the Economic Injury Disaster Loan program.But the PPP money has been gone for weeks, sales are down at least 50% from
These Medicare changes may be included in the next coronavirus relief package

These Medicare changes may be included in the next coronavirus relief package

Finance
Changes to Medicare that advocates have been seeking may end up in the next federal coronavirus relief legislation,  experts say.The Republican-controlled Senate is expected to unveil its version of the next stimulus package in late July as the Covid-19 pandemic continues to slow economic recovery and unemployment remains high.Senate Majority Leader Mitch McConnell, R-Kentucky, indicated in public comments Monday that the theme of the next relief legislation would be "liability reform, kids in school, jobs and health care."Karen Ducey | Getty ImagesWhile specifics of the legislation are uncertain, consumer advocates hope to see provisions that would improve access to Medicare, which provides health care coverage to about 62.4 million beneficiaries — the majority of whom are age 65 or
Op-ed: Financial professionals need to keep investors safe in these unprecedented times

Op-ed: Financial professionals need to keep investors safe in these unprecedented times

Finance
miodrag ignjatovicThe economic crisis caused by the coronavirus outbreak is  anything the world has ever experienced.Unlike the recession in the 1980s, the bond collapse of 1994, the Asian currency crisis or the 2008 subprime mortgage disaster, this is not a financial crisis. It is an economic crisis. And, although financial crises occur with some regularity, most have more localized impact zones.In this case, almost every major economy in the world has been negatively impacted by some form of societal lockdown. The fact that it came amidst a strong and growing global economy made it nothing short of a seismic systemic shock.This unprecedented crisis demands that finance professionals recognize the leadership role we need to play in guiding investors through ongoing volatility to calm...
How coronavirus put these financial advisors’ practices to the test

How coronavirus put these financial advisors’ practices to the test

Finance
Just as many U.S. businesses were thrown off their guard by the coronavirus pandemic, so were financial advisory practices.Close to 1.8 million Americans have contracted Covid-19, and more than 100,000 people have perished from the disease, according to data from Johns Hopkins University.Lockdowns to minimize spread of the disease have also battered the economy, with more than 40 million people filing for unemployment benefits in the last 10 weeks.Financial advisors – many of whom are small business owners – found themselves trying to keep their businesses running smoothly, while supporting their clients and their employees.Here's how three practices managed during these unprecedented times."Hope is not a plan."Chris Pollard, CFP, principal of Great Path Planning in Monroe, New York.Courte