Money Matters
news & updates
The
Suarez
Team
January 2021
Month In Review
This month, Money Matters explores the following topics:
- Five ways the pandemic is affecting retirement planning
- Five key steps in the mortgage underwriting process
- Money moves millionaires make before 30
- Complex tax season is ahead for small business
January Newsletter | News & Updates
5 Ways the Pandemic Is Affecting Retirement Planning
The coronavirus pandemic has been a huge financial strain on Americans, as they suffer through furloughs, layoffs and pay cuts. Some people have stopped or reduced the amount they are putting in retirement accounts, and others have tapped into a 401(k) or IRA to help cover bills. Here’s a look at how the pandemic has impacted retirement planning.
5 Key Steps In The Mortgage Underwriting Process
If you’re like most people who buy a home, you take out a mortgage to finance the purchase. The process that lenders use to assess your creditworthiness is called underwriting. What is mortgage underwriting and what to expect?
4 Things Millionaires Did Before 30 That Helped Them Build Wealth
Most millionaires have several financial habits in common when it comes to spending, saving, and investing. One key commonality: They started building wealth when they were young. Here, four financial moves millionaires made when they were young that contributed to their success.
Here’s Why A Nightmare Tax Season Is Ahead For Small Businesses
A hellish tax season is just around the corner for small businesses that received aid through the CARES Act. The pandemic relief legislation that became law this spring established Paycheck Protection Program loans and the employee retention credit and paved the way for entrepreneurs to turn losses into cash. However, the aid comes with added tax complexity for 2020 and some pain when it’s time to file in the spring.
Meet
Jeremy Suarez
Jeremy has been in the financial advisory business since 2005 after graduating from Fordham University’s School of Business. He joined Tomoro as a managing partner in 2014. During his tenure, Jeremy has consistently excelled as an advisor in both the personal household and business planning arena. As a managing partner, Jeremy also serves as a mentor to all associates and is hands-on in supporting Tomoro’s growth planning. He has completed various curriculums and certifications, such as New York University’s graduate studies in financial planning, is a Certified Exit Planning professional, and Investment Advisor Representative. He and his family reside in Colts Neck, NJ.
Registered Representative and Financial Advisor of Park Avenue Securities and Financial Representative of Guardian, AR insurance license #8401385 CA insurance license #0F94382
The S&P 500 Index is a market index generally considered representative of the stock market as a whole. The Index focuses on the large-cap segment of the U.S. equities market. The Hang Seng Index (HSI) is a market-capitalization-weighted stock market Index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong.
Indices are unmanaged, and one cannot invest directly in an index. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investing in the bond market is subject to certain risks including market, interest rate, issuer, credit, and inflation risk. Equities may decline in value due to both real and perceived general market, economic, and industry conditions.
Statistics sources from Central Bank Rates and Bloomberg.
2021-115741 Exp 2/23