Entries by designmaster

Moving during the pandemic? 8 key considerations

In June, vacant apartments in New York jumped 85% from the same time last year. This was partly due to the Coronavirus lockdown preventing apartment showings but also due to many residents moving out of the city. As the city remains shut down for the most part and work from home becomes longer-term, many are […]

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Of startups and FBI hostage negotiations

What is the biggest problem that entrepreneurs face? Or, FBI hostage negotiators face? Or for that matter any of us face when we are trying to solve a new problem? It’s uncertainty – not knowing all the hidden facts and hence, not knowing the solution either. In the case of a startup, it’s uncertainty about […]

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Withdrawing from your 401(k)? CARES Act can help

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides three main benefits to holders of retirement plans like 401(k) and 403(b). If you are thinking of withdrawing from your 401(k) for an emergency spending or to make a down payment on a house, the first two provisions of the CARES Act can help Provisions […]

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My 401K is tanking. What should I do?

A regular reader of this blog writes: Hi Roshani, My 401K is tanking. How should I handle it at a time of this bear market? Should I sell now? Buy more? What about monthly contributions – do I keep contributing? Do I reallocate assets? Hope you are staying safe in these uncertain times. I read […]

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Estate planning: peace of mind in uncertain times

Meet Linda. She has a husband and two children. Besides taking care of her family physically during these uncertain times, she also wants to make sure that they are financially secure should something happen to her. Over a conversation with her financial planner, Linda learns that an important part of her overall financial planning is […]

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Coronavirus Relief Bill (CARES Act): What does it mean for you?

To stimulate the economy from the impact of the Coronavirus shutdown, Congress passed a historic $2.2 trillion Coronavirus Relief Bill (CARES Act) recently. Here are some important aspects of the bill and how it helps you: Will I get the $1,200 stimulus payments? The CARES Act provides a one-time payment of $1,200 for each adult […]

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Optimism in the time of Corona & money moves to make now

If this is the first time you have experienced a severe downturn, while you are invested in the stock market, recession 2020 is bound to feel crazy. Something that did not even seem like a remote possibility only a few weeks ago has now taken over our lives. It feels like we’re living through a […]

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When the economy gets sick

Businesses hate uncertainty. As businesses from yoga studios, restaurants and movie theaters to hotels, cruise lines and even airlines shut down over the Coronavirus contagion, it has created an uncertain future. A recession from the Coronavirus looms. Some companies have already started layoffs, others have frozen hiring. The chain reaction of low demand and business […]

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Coronavirus: A lesson in dealing with a volatile market

Just when you think you’ve become an expert in doing life, it throws you a curveball. Investors seemed to wake up to a similar curveball last week as the US markets plummeted by more than 10% in a week on news that the Coronavirus was spreading further and faster than previously anticipated. Reports confirmed that […]

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What is tax loss harvesting and how does it save you money

Lee started investing in the stock market last year. Early in February this year, he received a 1099 tax form from his financial advisor. It showed that he had substantial capital gains for the year. Being a real estate agent, he immediately knew that big capital gains meant big taxes. He panicked. He called his […]

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