Archive for July 2020
Lose Home If You Use Medi-Cal?
Will You Lose Home If You Use Medi-Cal? If you or a loved one uses Medi-Cal, will the state put a lien on your home? It’s true that all your benefits paid to a person 55 years old or older by Medi-Cal is like a loan and they have the right to ask it back…
Read MoreFresno Retirement Consultant News: The Perks and Pitfalls of Self-Employment
Sole proprietors in the U.S. caught a huge break in April. The Paycheck Protection Program, borne out of the economic hardship caused by the COVID-19 pandemic, became available to solo entrepreneurs and independent contractors on April 10, 2020.1 According to a 2017 survey, 36% of U.S. workers are part of the gig economy.2 With so many…
Read MoreFresno Retirement Advisor News: Beware of Coronavirus Scams
After a press conference in which President Trump mentioned scientists were testing the potential of using disinfectants as a coronavirus cure, poison control centers across the country reported a spike in calls. In Maryland alone, the Emergency Management Agency fielded more than 100 calls asking about the president’s suggestion. In less than 24 hours of…
Read MoreMust “Spend Down” – Use Up All Your Savings?
What if you or a loved one had to go into a nursing home and couldn’t be cared for at home any longer? Many have heard confusing things about Med-Cal. That you must spend down or use up all of your life savings investments even your properties before getting any benefits? For us in California…
Read MoreFresno Financial Consultant News: How to Deal With Financial Stress
A recent survey by the National Endowment for Financial Education found that almost 90% of Americans were feeling anxious about their money situation.1 39% were worried about job security 48% worried about paying bills 28% didn’t know if they could pay their utilities 41% were worried about not having enough emergency savings 23% were worried…
Read MoreFresno Financial Advisor News: Ways the Pandemic May Change the Future of Employment
About 8.5% of U.S. households are headed by a self-employed person. While self-employed households tend to earn higher income than salaried households, research shows they also tend to take the biggest hit during an economic downturn.1 The emergence of independent contractors and the gig economy helped make self-employment a more viable option for Americans after…
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