Relief is Here!

Stuff You Should Know

Most financial institutions will be willing to work with you in a time of crisis. This includes, waiving fees, support lines, payment forgiveness, etc. Call your banks and credit card companies and ask them how they can help.

The IRS has moved the tax deadline from April 15th to July 15th. If you currently owe payments to the IRS, you can defer up to one million dollars interest and penalty free for 90 days.

Some states are already waiving the waiting period for unemployment benefits. We expect many other states to follow.

President Trump is waiving the interest on student loans held by the government. If you are struggling paying for student loans, we recommend contacting your loan provider as soon as possible to discuss options.

On March 25th, Congress passed an estimated $2 trillion relief package that is expected to be enacted within days. The goal is to provide financial support to American families, small businesses, and hospitals. The legislation includes a one-time payment of $1200 to all Americans making up to $75,000.

Renew Family Wealth will be offering complimentary financial guidance via video conference during this time period to help those in need. Please email info@renewfamily.com to set up an appointment with our team.

What should you do during the quarantine?

Being cooped up at home can certainly be boring. So, what should you do to pass the time? Here are some of our favorites.

1.     Spend time with your loved ones. We are often so busy with work and school that families can sometimes become like two ships passing in the dead of night. Take advantage of this time to spend with family.

2.     Call friends and family. With FaceTime and social media, it has never been so easy to catch up with friends and family. Reach out to those you haven’t spoken to in a while and encourage each other to stay hopeful. This is a time to come together!

3.     Pet your fury friends. They are probably benefiting the most out of all this.

4.     Read! Remember that book you never seem to get a chance to pick up? Now is your chance.

5.     Exercise. With gyms closed, that doesn’t mean you can’t work out. Check out YouTube and develop your own routine straight from home.

6.     And when all else fails… Netflix.