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Sport 29 stocks every retiree should own

02:35  23 may  2020
02:35  23 may  2020 Source:   gobankingrates.com

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Retirees should consider stocks that pay dividends. One option is to own stocks that pay regular, consistent dividends. Better yet, find companies that consistently raise their dividends — what are known as “dividend aristocrats.”

The following are 25 stocks every retiree should own . This group of retirement stocks includes both pure income plays and growth companies, with a focus on very-long-term performance and durability. SEE ALSO: The Berkshire Hathaway Portfolio: All 48 Buffett Stocks .

Banks are preparing for a flood of applications for loan forgiveness under the U.S. Paycheck Protection Program, marshaling staff to help borrowers navigate a complicated process that recalls the fraught early days of the Covid-19 small-business relief effort.

  Millions of PPP Loan-Forgiveness Requests Are About to Rain on Banks © Photodisc/Getty Images  

Companies that received PPP funding in early April can start to submit forgiveness applications at the end of May. Lenders will have to help them sort through a detailed application document, complete the paperwork and get it to the Small Business Administration for approval. Banks made about 4.3 million PPP loans for a total of more than $500 billion, and the program allows every borrower to request forgiveness.

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Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Yet sometimes, investors buy a To summarise, shareholders should always check that Firm Capital Mortgage Investment's dividends are affordable, that its dividend payments are relatively

But retirees should own foreign stocks , because by investing only in U.S. stocks , they actually take on more risk. Diversify, diversify, diversify. Over and over again, diversification has proven to be one of the most effective ways to reduce overall risk in any investment portfolio.

At Valley National Bancorp, 500 employees out of its 3,200-person workforce were designated to help customers process the loans, and a similar number will probably be needed to deal with forgiveness requests, said Chief Executive Officer Ira Robbins. The Wayne, New Jersey-based firm has issued more than $2.2 billion in PPP loans.

“Hopefully it doesn’t all come at one time and we can stagger it over a period of time, but I do believe there’s going to be a lot of hand-holding associated with it as you walk through it,” Robbins said in an interview.

The SBA released an 11-page document last week listing the criteria small businesses must follow to get their PPP loans forgiven. Among the guidelines are directions on how to calculate payroll costs, which must account for 75% of loan proceeds spent. The document is complex, so it will fall to lenders to help borrowers complete it, said Libby Morris, head of U.S. operations at Funding Circle Holdings Plc, a London-based firm that issued PPP loans.

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Owning stocks to cover your longer-term retirement needs can help improve your odds of assuring your investments last as long as your retirement does. As a retiree , you face conflicting priorities for your money. On one hand, you will likely need to take money out of your investments to cover your

Over 29 % of this bond’s ETF’s portfolio is rated investment-grade, but nearly 47% is rated junk. To this point, HYD has not been hampered by public pension woes across the U.S., but investors mulling this bond ETF should note its almost 28% combined weight to California and Illinois, two states with

Read more: Trump administration keeps payroll requirement for PPP loans

“I would equate this to just as heavy if not a heavier lift to processing the loans themselves,” Morris said. “You pretty much have to build a new loan funnel and reprocess all of these loans again. For most lending businesses, you may be doing this full-time for no revenue.”

Piermont Bank, which made PPP loans in the greater New York City area, has spent hours deciphering SBA requirements to create a worksheet for borrowers, CEO Wendy Cai-Lee said in an interview. PayPal Holdings Inc., provider of about $1.6 billion in PPP funding, plans to use online tools to streamline the forgiveness process, Doug Bland, senior vice president of global credit, said in an email.

For all the planning by lenders, the rules could still change. Next week, the House is set to vote on a proposal that would relax the 75% payroll requirement and give businesses more time to pay back loans that aren’t forgiven.

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Dividend growth investing can mean something different for each person. In this video, I share five companies that every dividend investor should own and

Retired Income Investors Need Income and Preservation of Capital. Utility Investments Can Be a Good Fit for Retirees . The Reaves Utility Income Fund Pays High M.

Businesses are still looking for clarity on whether employee bonuses and some health insurance and retirement plans count as payroll, said Joan Vines, a managing director at BDO USA LLP, who has been advising borrowers. Confusion was also prevalent during the original loan-approval process, when lenders complained about a lack of guidance from the SBA.

Many businesses may find they fail to meet SBA terms for forgiveness, which will leave banks with loans to service and customer issues to resolve, said Josh Knauer, general partner at advisory firm JumpScale. He estimates that about 50% of PPP loans won’t be forgiven.

“I see going forward that lenders, all types of lenders, are going to have a massive customer-relations problem with the companies they’re lending to,” Knauer said. “More time will have to be spent on the phone, more audits are going to have to be done, and a lot more digging into every single line item of expense.”


Burr’s alleged conflicts extend beyond his coronavirus-related stock trades .
The insider trading investigation stemming from Sen. Richard Burr’s sale of stocks ahead of the coronavirus pandemic highlights the North Carolina Republican’s long record of investing in companies with business before his committees, according to a review of eight years of his trades. While Burr sat on committees focused on health care, taxes and trade, he and his wife bought and sold hundreds of thousands of dollars of stock in an array of health care companies, banks and corporations with business overseas. At times, Burr owned stock in companies whose specific industries he advanced through legislation.

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