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Update from The Planning Group of the Northwest (4/9/2020) Thumbnail

Update from The Planning Group of the Northwest (4/9/2020)

Our offices and the markets will be closed on Friday due to the Good Friday holiday. 

 Here are some highlights from this week that we thought might be of interest:

 o    Discussion continues on what the next federal stimulus package will look like

    • Last Friday, the Paycheck Protection Program through the Small Business Administration began accepting applications and the demand was overwhelming. In response to the significant number of applications already submitted, Senate Majority Leader Mitch McConnell announced that the Senate will vote on a $250 billion expansion of the program, most likely next week. 
    • The House is also working on the next stimulus package, with a focus on small businesses, hospitals and health centers, state and local governments and families. 

 o    Markets responded well this week to some good news, but we are still expecting to see volatility

 o    Planning Idea for the Week

  • With interest rates reaching all-time lows we believe it is a good idea to take inventory of the current debt and interest rates that you have. This would include mortgages, lines of credit, car loans, student loan debt, credit cards, etc. We would be happy to discuss how this might help your cash flow in the short and long run by looking at options.

 o    Good News From Around the World

 

We hope that you have a nice long weekend and please do not hesitate to reach out with any questions at 907-677-8300.

Sincerely,

The Planning Group of the Northwest

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