Jeff Levine (left) and JamieHopkins specialize in tax, retirement and planning issues.
The government's $2.2 trillionstimulus package included a relief loan programfor small businesses affected bythe COVID-19 pandemic, and advisors can tap into the $349 billionof available assistance via the Paycheck ProtectionProgram.
|The details and applicationprocess are complex, though, according to two tax and financialplanning specialists: Jeffrey Levine, lead"financial planning nerd" for Kitces.com, and director of advancedplanning for Buckingham Wealth Partners; and JamieHopkins, director of retirement research at Carson Group;managing director of Carson Coaching; and finance professor ofPractice at Creighton University's Heider School ofBusiness.
|Levine and Hopkins discussed issues such as the pros and cons ofthe loans, what types of payroll and other costs qualify for theprogram, and other options available (such as Economic InjuryDisaster Loans) to advisors seeking COVID-19-related reliefin a free ThinkAdvisor webcast onWednesday.
|A replay of their discussion isnow available on the webcast's registration page; youmust complete the brief sign-up form to access therecording.
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Janet Levaux
Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.
