Jeff Levine (left) and Jamie Hopkins specialize in tax, retirement and planning issues.
The government's $2.2 trillion stimulus package included a relief loan program for small businesses affected by the COVID-19 pandemic, and advisors can tap into the $349 billion of available assistance via the Paycheck Protection Program.
The details and application process are complex, though, according to two tax and financial planning specialists: Jeffrey Levine, lead "financial planning nerd" for Kitces.com, and director of advanced planning for Buckingham Wealth Partners; and Jamie Hopkins, director of retirement research at Carson Group; managing director of Carson Coaching; and finance professor of Practice at Creighton University's Heider School of Business.
Levine and Hopkins discussed issues such as the pros and cons of the loans, what types of payroll and other costs qualify for the program, and other options available (such as Economic Injury Disaster Loans) to advisors seeking COVID-19-related relief in a free ThinkAdvisor webcast on Wednesday.
A replay of their discussion is now available on the webcast's registration page; you must complete the brief sign-up form to access the recording.
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Janet Levaux
Editor-in-Chief Janet Levaux has covered the financial markets since 1991, with a focus on financial advisors since 2005. After graduating from Yale and the Johns Hopkins School of Advanced International Studies (SAIS), where she studied global economics, Janet worked as a freelance financial and business writer in Japan, and then as a reporter and editor for Investor's Business Daily and the Bay Area News Group in California. She earned an MBA in 2007 and since then has helped lead key ThinkAdvisor projects like its Neal-Award winning reporting on Ken Fisher, Luminaries awards program and Women in Wealth newsletter.
