Jamie Hargrave

Resource page

Resource page


I hope this finds you and your family healthy and well. Stay safe! This came across my desk this morning and I found it a useful place for information on a number of virus related topics. Here’s looking forward to ‘normalcy’ again!

https://experts.join1440.com/

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UPDATE: What I know today about the PPP and EIDL

UPDATE: What I know today about the PPP and EIDL

As things continue to change with regards to the SBA loans, I wanted to update the information I’ve sent out previously, and provide additional details and information.

Apply for both the SBA Economic Disaster Loan (EIDL) and SBA Paycheck Protection Program Loan (PPP) Yes- still definitely do this!  If you have received the EIDL prior to April 3, they want to roll that balance into the PPP, net of the $10k grant that people supposedly would have received.

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Facts on the PPA Federal Act

Facts on the PPA Federal Act

I hope you are well and healthy.

Here are a few new facts from the recently passed PPA Federal Act that will be important to you.  I am working hard to keep you abreast of new and updated information.

A 401(k)/403(b) Plan participant can withdraw up to $100,000 from their account as a hardship withdrawal, not subject to the 10% early withdrawal penalties. This will also not be subject to the 20% mandatory withholding tax. The 59½ rule is waived and any employee can do this. The participant will have up to three years to pay this back without any taxation or pay this back into an IRA. Should this not be paid back into a qualified retirement plan, then this distribution will become taxable in year three. To be eligible for this, the participant or a family member must be diagnosed by a doctor or nurse with Coronavirus and be experiencing some for form of adverse financial consequences.

Loans from 401(k) plans are now 100% up to $100,000.  Repayment does not have to begin until the participant returns to full-time work.

All RMDs from IRAs and other Retirement Plans are waived for 2020.

The deadline for employer contributions has been delayed to January 1st, 2021 for your 2019/2020 contribution for defined Benefit Plans.

The new tax filing date is July 15th, not April 15th.

The new SBA loan applications are available from the SBA, but your bank is probably not ready to receive it. Here is the link:

The Treasury Department has just released a PPP Loan Application and a related Information Sheet for borrowers.
 
Starting April 3, 2020, borrowers that are small businesses and sole proprietorships can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.

Starting April 10, 2020, borrowers that are independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.

In addition to the Loan Application, Borrowers will need to submit payroll documentation. While the exact documentation required is not yet clear, it appears that borrowers should collect the following:

·        Last 12 months of payroll reports beginning with last payroll date and going back 12 months. Include:

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Remember to Breathe

Looking ahead to better days. Remember to breathe, and that we are here for you.

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Learn how to double or triple your savings interest.

Learn how to double or triple your savings interest.

Most people have gotten used to low saving account rates. But some banks -- generally a lot smaller, more digital and hungrier for new cash -- are offering double and even triple interest rates on savings to lure new depositors. Learn more from Bloomberg here, and feel free to This email address is being protected from spambots. You need JavaScript enabled to view it. if you'd like to know how to take advantage of these higher rates.

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IRS Guidance on SECURE Act

IRS Guidance on SECURE Act

Please follow the attached link and gain clarity on a currently unclear law. This SECURE Act was passed as part of a government spending bill and drastically rearranges the retirement landscape. Feel free to call with any questions about it after you read. Read the full article here on Think Advisor.

Jamie

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98 Hits

Stocks Soar in 2019

Stocks Soar in 2019
As 2020 begins, the 60 economists surveyed in early December by The Wall Street Journal
expected an average rate of quarterly growth over the five quarters of 1.8%.
That means the 10½-year expansion, the longest in modern history for the world’s
dominant economic power, is not expected to end for the foreseeable future. 
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66 Hits

10/26/2019 Weekly Market Summary

Major Indexes For Week Ended 10/25/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,958.06         +187.86         0.70         +3,630.60         15.56        
NASDAQ 8,243.12         +153.58         1.90         +1,607.84         24.23        
S&P500 3,022.55         +36.35         1.22        +515.70         20.57        
Russell 2000 1,558.71         +23.23         1.51        +210.15         15.58        
International 1,944.22         +24.13         1.26        +224.34         13.04        
10-year bond 1.80%        +0.05%          -0.89%         
30-year T-bond 2.29%        +0.04%          -0.73%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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10/13/2019 Weekly Market Summary

Major Indexes For Week Ended 10/11/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,816.59         +242.87         0.91         +3,489.13         14.96        
NASDAQ 8,057.04         +74.57         0.93         +1,421.76         21.43        
S&P500 2,970.27         +18.26         0.62        +463.42         18.49        
Russell 2000 1,511.90         +11.20         0.75        +163.34         12.11        
International 1,896.65         +42.22         2.28        +176.77         10.28        
10-year bond 1.75%        +0.23%          -0.94%         
30-year T-bond 2.22%        +0.21%          -0.80%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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66 Hits

10/05/2019 Weekly Market Summary

Major Indexes For Week Ended 10/4/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,573.72         -246.53         -0.92         +3,246.26         13.92        
NASDAQ 7,982.47         +42.84         0.54         +1,347.19         20.30        
S&P500 2,952.01         -9.78         -0.33        +445.16         17.76        
Russell 2000 1,500.70         -19.78         -1.30        +152.14         11.28        
International 1,854.43         -41.29         -2.18        +134.55         7.82        
10-year bond 1.52%        -0.16%          -1.17%         
30-year T-bond 2.01%        -0.11%          -1.01%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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09/22/2019 Weekly Market Summary

Major Indexes For Week Ended 9/20/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,935.07         -284.45         -1.05         +3,607.61         15.47        
NASDAQ 8,117.67         -59.04         -0.72         +1,482.39         22.34        
S&P500 2,992.07         -15.32         -0.51        +485.22         19.36        
Russell 2000 1,559.76         -18.38         -1.16        +211.20         15.66        
International 1,912.66         -6.95         -0.36        +192.78         11.21        
10-year bond 1.76%        -0.14%          -0.93%         
30-year T-bond 2.20%        -0.18%          -0.82%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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61 Hits

09/08/2019 Weekly Market Summary

Major Indexes For Week Ended 9/6/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,797.46         +394.18         1.49         +3,470.00         14.88        
NASDAQ 8,103.07         +140.19         1.76         +1,467.79         22.12        
S&P500 2,978.71         +52.25         1.79        +471.86         18.82        
Russell 2000 1,505.17         +10.33         0.69        +156.61         11.61        
International 1,882.43         +39.85         2.16        +162.55         9.45        
10-year bond 1.55%        +0.04%          -1.14%         
30-year T-bond 2.02%        +0.05%          -1.00%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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74 Hits

08/31/2019 Weekly Market Summary

Major Indexes For Week Ended 8/30/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,403.28         +774.38         3.02         +3,075.82         13.19        
NASDAQ 7,962.88         +211.11         2.72         +1,327.60         20.01        
S&P500 2,926.46         +79.35         2.79        +419.61         16.74        
Russell 2000 1,494.84         +35.35         2.42        +146.28         10.85        
International 1,842.58         +15.85         0.87        +122.70         7.13        
10-year bond 1.51%        -0.02%          -1.18%         
30-year T-bond 1.97%        -0.05%          -1.05%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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59 Hits

08/18/2019 Weekly Market Summary

Major Indexes For Week Ended 8/16/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,886.01         -401.43         -1.53         +2,558.55         10.97        
NASDAQ 7,895.99         -63.15         -0.79         +1,260.71         19.00        
S&P500 2,888.68         -29.97         -1.03        +381.83         15.23        
Russell 2000 1,493.64         -19.40         -1.28        +145.08         10.76        
International 1,811.86         -28.62         -1.56        +91.98         5.35        
10-year bond 1.54%        -0.19%          -1.15%         
30-year T-bond 2.00%        -0.25%          -1.02%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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08/03/2019 Weekly Market Summary

Major Indexes For Week Ended 8/2/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,485.01         -707.44         -2.60         +3,157.55         13.54        
NASDAQ 8,004.07         -326.14         -3.92         +1,368.79         20.63        
S&P500 2,932.05         -93.81         -3.10        +425.20         16.96        
Russell 2000 1,533.66         -45.31         -2.87        +185.10         13.73        
International 1,863.85         -50.83         -2.65        +143.97         8.37        
10-year bond 1.86%        -0.22%          -0.83%         
30-year T-bond 2.39%        -0.21%          -0.63%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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07/21/2019 Weekly Market Summary

Major Indexes For Week Ended 7/19/2019

Index Close Net Change % Change YTD YTD %
DJIA 27,154.20         -177.83         -0.65         +3,826.74         16.40        
NASDAQ 8,146.49         -97.65         -1.18         +1,511.21         22.78        
S&P500 2,976.61         -37.16         -1.23        +469.76         18.74        
Russell 2000 1,547.90         -22.10         -1.41        +199.34         14.78        
International 1,918.88         -2.57         -0.13        +199.00         11.57        
10-year bond 2.05%        -0.06%          -0.64%         
30-year T-bond 2.58%        -0.05%          -0.44%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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07/13/2019 Weekly Market Summary

Major Indexes For Week Ended 7/12/2019

Index Close Net Change % Change YTD YTD %
DJIA 27,332.03         +409.91         1.52         +4,004.57         17.17        
NASDAQ 8,244.14         +82.35         1.01         +1,608.86         24.25        
S&P500 3,013.77         +23.36         0.78        +506.92         20.22        
Russell 2000 1,570.00         -5.62         -0.36        +221.44         16.42        
International 1,921.45         -10.68         -0.55        +201.57         11.72        
10-year bond 2.11%        +0.06%          -0.58%         
30-year T-bond 2.63%        +0.08%          -0.39%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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06/30/2019 Weekly Market Summary

Major Indexes For Week Ended 6/28/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,599.96         -119.17         -0.45         +3,272.50         14.03        
NASDAQ 8,006.24         -25.47         -0.32         +1,370.96         20.66        
S&P500 2,941.76         -8.70         -0.29        +434.91         17.35        
Russell 2000 1,566.57         +16.94         1.09        +218.01         16.17        
International 1,922.30         +11.12         0.58        +202.42         11.77        
10-year bond 2.00%        -0.07%          -0.69%         
30-year T-bond 2.53%        -0.06%          -0.49%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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06/16/2019 Weekly Market Summary

Major Indexes For Week Ended 6/14/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,089.61         +105.67         0.41         +2,762.15         11.84        
NASDAQ 7,796.66         +54.56         0.70         +1,161.38         17.50        
S&P500 2,886.98         +13.64         0.47        +380.13         15.16        
Russell 2000 1,522.50         +8.11         0.54        +173.94         12.90        
International 1,870.17         -5.45         -0.29        +150.29         8.74        
10-year bond 2.09%        +0.01%          -0.60%         
30-year T-bond 2.59%        +0.02%          -0.43%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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06/08/2019 Weekly Market Summary

Major Indexes For Week Ended 6/7/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,983.94         +1,168.90         4.71         +2,656.48         11.39        
NASDAQ 7,742.10         +288.95         3.88         +1,106.82         16.68        
S&P500 2,873.34         +121.28         4.41        +366.49         14.62        
Russell 2000 1,514.39         +48.90         3.34        +165.83         12.30        
International 1,875.62         +58.23         3.20        +155.74         9.06        
10-year bond 2.08%        -0.06%          -0.61%         
30-year T-bond 2.57%        -0.01%          -0.45%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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05/26/2019 Weekly Market Summary

Major Indexes For Week Ended 5/24/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,585.69         -178.31         -0.69         +2,258.23         9.68        
NASDAQ 7,637.01         -179.27         -2.29         +1,001.73         15.10        
S&P500 2,826.06         -33.47         -1.17        +319.21         12.73        
Russell 2000 1,514.11         -21.65         -1.41        +165.55         12.28        
International 1,853.26         -12.57         -0.67        +133.38         7.76        
10-year bond 2.32%        -0.07%          -0.37%         
30-year T-bond 2.75%        -0.07%          -0.27%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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05/18/2019 Weekly Market Summary

Major Indexes For Week Ended 5/17/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,764.00         -178.37         -0.69         +2,436.54         10.44        
NASDAQ 7,816.28         -100.66         -1.27         +1,181.00         17.80        
S&P500 2,859.53         -21.87         -0.76        +352.68         14.07        
Russell 2000 1,535.76         -37.23         -2.37        +187.20         13.88        
International 1,865.83         +0.73         0.04        +145.95         8.49        
10-year bond 2.39%        -0.07%          -0.30%         
30-year T-bond 2.82%        -0.05%          -0.20%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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05/05/2019 Weekly Market Summary

Major Indexes For Week Ended 5/3/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,504.95         -38.38         -0.14         +3,177.49         13.62        
NASDAQ 8,164.00         +17.60         0.22         +1,528.72         23.04        
S&P500 2,945.64         +5.76         0.20        +438.79         17.50        
Russell 2000 1,614.02         +22.20         1.39        +265.46         19.68        
International 1,918.81         +3.16         0.16        +198.93         11.57        
10-year bond 2.53%        +0.03%          -0.16%         
30-year T-bond 2.93%        +0.00%          -0.09%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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04/27/2019 Weekly Market Summary

Major Indexes For Week Ended 4/26/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,543.33         -16.21         -0.06         +3,215.87         13.79        
NASDAQ 8,146.40         +148.34         1.85         +1,511.12         22.77        
S&P500 2,939.88         +34.85         1.20        +433.03         17.27        
Russell 2000 1,591.82         +26.07         1.67        +243.26         18.04        
International 1,915.65         -4.76         -0.25        +195.77         11.38        
10-year bond 2.50%        -0.06%          -0.19%         
30-year T-bond 2.93%        -0.03%          -0.09%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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04/14/2019 Weekly Market Summary

Major Indexes For Week Ended 4/12/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,412.30         -12.69         -0.05         +3,084.84         13.22        
NASDAQ 7,984.16         +45.47         0.57         +1,348.88         20.33        
S&P500 2,907.41         +14.67         0.51        +400.56         15.98        
Russell 2000 1,584.80         +2.24         0.14        +236.24         17.52        
International 1,915.67         +4.27         0.22        +195.79         11.38        
10-year bond 2.56%        +0.06%          -0.13%         
30-year T-bond 2.97%        +0.06%          -0.05%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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04/06/2019 Weekly Market Summary

Major Indexes For Week Ended 4/5/2019

Index Close Net Change % Change YTD YTD %
DJIA 26,424.99         +496.31         1.91         +3,097.53         13.28        
NASDAQ 7,938.69         +209.37         2.71         +1,303.41         19.64        
S&P500 2,892.74         +58.34         2.06        +385.89         15.39        
Russell 2000 1,582.56         +42.82         2.78        +234.00         17.35        
International 1,911.40         +35.97         1.92        +191.52         11.14        
10-year bond 2.50%        +0.09%          -0.19%         
30-year T-bond 2.91%        +0.09%          -0.11%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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106 Hits

03/24/2019 Weekly Market Summary

Major Indexes For Week Ended 3/22/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,502.32         -346.55         -1.34         +2,174.86         9.32        
NASDAQ 7,642.67         -45.86         -0.60         +1,007.39         15.18        
S&P500 2,800.71         -21.77         -0.77        +293.86         11.72        
Russell 2000 1,505.92         -47.62         -3.07        +157.36         11.67        
International 1,882.97         -7.34         -0.39        +163.09         9.48        
10-year bond 2.46%        -0.13%          -0.23%         
30-year T-bond 2.89%        -0.13%          -0.13%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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03/16/2019 Weekly Market Summary

Major Indexes For Week Ended 3/15/2019

Index Close Net Change % Change YTD YTD %
DJIA 25,848.87         +398.63         1.57         +2,521.41         10.81        
NASDAQ 7,688.53         +280.39         3.78         +1,053.25         15.87        
S&P500 2,822.48         +79.41         2.89        +315.63         12.59        
Russell 2000 1,553.54         +31.66         2.08        +204.98         15.20        
International 1,890.31         +51.08         2.78        +170.43         9.91        
10-year bond 2.59%        -0.03%          -0.10%         
30-year T-bond 3.02%        +0.01%          +0.00%         
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

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104 Hits

03/03/2019 Weekly Market Summary

Major Indexes For Week Ended 3/1/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 26,026.32         -5.49         -0.02         +2,698.86         11.57        
NASDAQ 7,595.35         +67.81         0.90         +960.07         14.47        
S&P500 2,803.69         +11.02         0.39         +296.84         11.84        
Russell 2000 1,589.64         -0.42         -0.03         +241.08         17.88        
International 1,878.53         +9.38         0.50         +158.65         9.22        
10-year bond 2.76%        +0.10%          +0.07%          
30-year T-bond 3.12%        +0.10%          +0.10%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

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02/23/2019 Weekly Market Summary

Major Indexes For Week Ended 2/22/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 26,031.81         +148.56         0.57         +2,704.35         11.59        
NASDAQ 7,527.54         +55.13         0.74         +892.26         13.45        
S&P500 2,792.67         +17.07         0.62         +285.82         11.40        
Russell 2000 1,590.06         +20.81         1.33         +241.50         17.91        
International 1,869.15         +29.05         1.58         +149.27         8.68        
10-year bond 2.66%        -0.01%          -0.03%          
30-year T-bond 3.02%        +0.02%          +0.00%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

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106 Hits

02/12/2019 Weekly Market Summary

Major Indexes For Week Ended 2/8/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 25,106.33         +42.44         0.17         +1,778.87         7.63        
NASDAQ 7,298.20         +34.33         0.47         +662.92         9.99        
S&P500 2,707.88         +1.35         0.05         +201.03         8.02        
Russell 2000 1,506.39         +4.34         0.29         +157.83         11.70        
International 1,804.73         -25.31         -1.38         +84.85         4.93        
10-year bond 2.63%        -0.06%          -0.06%          
30-year T-bond 2.98%        -0.05%          -0.04%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

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114 Hits

02/03/2019 Weekly Market Summary

Major Indexes For Week Ended 2/1/2019

 
IndexCloseNet Change% ChangeYTDYTD %
DJIA 25,063.89         +326.69         1.32         +1,736.43         7.44        
NASDAQ 7,263.87         +99.01         1.38         +628.59         9.47        
S&P500 2,706.53         +41.77         1.57         +199.68         7.97        
Russell 2000 1,502.05         +19.20         1.29         +153.49         11.38        
International 1,830.04         +16.41         0.90         +110.16         6.41        
10-year bond 2.69%        -0.06%          +0.00%          
30-year T-bond 3.03%        -0.03%          +0.01%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.

 

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First Half Of 2018 Stock Investing Highlights

In the first half of 2018, large-company stocks in the Standard & Poor’s 500 index returned 1.7%, ending the quarter about 6% lower than January’s all-time high.
Small-company stocks in the Russell 2000 stock index returned 7%, while investors who bought into TV ads for gold and silver investments were sorely disappointed with their 4.3% loss in the first six months of the year.
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Father's Day Financial Tip - Put Your Kids To Work

Here’s a Father’s Day financial tip: put your children to work!
Paying your kids to do chores regularly can be a satisfying transaction for parents and teach children responsibility, but it will also provide tax-free income to your children a half-century or so from now when they retire.
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Four New Signs Point To Economic Strength

In the news affecting your wealth, four good signs are currently pointing to continued economic growth for 2018.
Business-owner optimism has remained near an all-time high since the November 2016 election.
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If You Had The Power Of Perfect Knowledge

If you had the power of perfect knowledge — the power to predict which one of twelve types of investments representing a wide range of assets was going to be number one every year for each of the 15 years from 2002 through 2016 — you would have averaged a 29.9% annual return.
Of course, no one has the power to predict which investments will be number one every year.
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U.S. GDP Growth Surprise

In this week’s news affecting your wealth, the U.S economy grew 3% in the third quarter, much faster than had been expected. The consensus forecast of 59 economists, surveyed by The Wall Street Journal in early October, had been for 2.7% growth. The 3% figure is an estimate and the final number could be revised in the weeks ahead.  For growth to hit 3% in the third quarter despite two severe hurricanes, the threat of a nuclear war with North Korea, and political strife in Washington, D.C. is an impressive display of the current economic momentum.

Watch the full video on Prosperity's YouTube Channel

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Business Mergers and Acquisitions Acquiring and Selling a Company With Tax Efficiency and Opportunity

Prosperity is proud to present an educational event for Business Owners, CFOs and CPAs: Strategies for Acquiring and Selling a Business. Thursday November 9th: 5:30-7:30 pm at Prosperity's First Floor Conference Room. Guest Speaker - Ron Claussen Attorney at Law specializing in Business Sales Transactions

  • Enjoy free appetizers and drinks
  • Relaxed, no-pressure atmosphere
  • Feel free to bring family, friends and colleagues

Register here

Ron Claussen’s practice focuses on corporate law, with an emphasis on merging growth companies, venture capital financing and mergers and acquisitions. Ron continues his entrepreneurial approach to the practice of law, providing creative solutions for his clients’ business opportunities.

Prior to going into private practice in 1986, Ron was general counsel to Nanco Enterprises, and had oversight of Nanco’s subsidiaries, including Carrows Restaurants, Jeremiah’s Steakhouses, Elephant Bar and Restaurants, Rayne Corporation and Santa Barbara Aviation, Inc. In addition to his general counsel responsibilities for these companies, Ron became actively involved in the long range orientation of each entity. From 1978 through 1981, Ron was also president of the Rayne Corporation, a west coast franchisor of water treatment products. In only three years, he doubled the client base of this 50-year-old company through acquisitions and strategic alignments.

Ron is a member of the State Bar of California and the Blue Key National Honor Fraternity and was a charter member in the Gibson Inn, Phi Delta Phi. Ron served as the Pacific Coast Director of the Montana Wildlife Federation from 2008-2013, during which time he created and fostered MWF’s Montana Matters fundraising campaign (www.montanamatters.com); he currently serves as an At-Large Director of the National Wildlife Federation and as a member of its development committee. He received his B.A. from University of California at Davis in 1968 with departmental honors and earned his J.D. from the University of California at Davis in 1971.

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Horse Sense Economics as Stocks Break Another All time High

According to the Federal Reserve Bank’s latest Beige Book, modest to moderate gains in the U.S. economy are just ahead. “Consumer spending appears to be rising across a majority of Districts, led by increases in non-auto retail sales and tourism,” said the U.S. central bank’s report.

Published every six weeks, the Beige Book summarizes economic data collected by the 12 Federal Reserve Districts. In the 32-page mid-July report, many Districts noted softer consumer spending, particularly in auto sales, which declined in six Districts.

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20 Questions On Required Minimum Distributions

Do you remember playing "20 Questions"? Here are the answers to 20 questions about required minimum distributions (RMDs). Most of this information comes from the frequently asked questions section of the IRS website.

Q1. What is an RMD?

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Latest Blog Post

I hope this finds you and your family healthy and well. Stay safe! This came across my desk this morning and I found it a useful place for information on a number of virus related topics. Here’s looking forward to ‘normalcy’ again! https://experts.join1440.com/ ...

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Market Data

Market DataBank: 2Q 2020

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