PPP 2.0 – What to Know and Do Now

Nate Williams General Leave a Comment


On December 27, 2020, President Trump signed the “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (aka “EAA”). Among many other things, the EAA created the “Second Draw PPP Loans Program,” (what we’re calling PPP 2.0) which gives you the chance to basically get the same PPP loan again.

Since then, the Treasury Department has released additional guidance providing clarification of this loan program, which I cover below. Many of the details and terms of the loan mirror the first round of PPP loans, hence the term PPP 2.0.


Who is Eligible?

PPP 2.0 is eligible for businesses, sole proprietors, and independent contractors who:Read More

Nate WilliamsPPP 2.0 – What to Know and Do Now

Cash Balance Plans 101

Nate Williams Investments, Taxes Leave a Comment

Specific financial recommendations are like dental procedures – they are made when the circumstances make the recommendation appropriate. For the doctors with the right circumstances, we have been recommending Cash Balance plans for years to accelerate toward retirement and drastically cut taxes. The purpose of this post is to give an overview on what Cash Balance plans are and how they work.Read More

Nate WilliamsCash Balance Plans 101

Value Investing: What Does this Mean and How does it Impact You? (Part 2 – Webinar!)

Spencer Kenley General Leave a Comment

In our previous blog post, we discussed what value investing is and why we have positioned our PFG Portfolios to take advantage of the value premium. For this week’s post, we hosted a webinar to discuss recent trends in the market (including the recent value premium) and what that means for our portfolios. In case you missed it, check out the recording here! PFG Investments Webinar (11/20/20).

Spencer KenleyValue Investing: What Does this Mean and How does it Impact You? (Part 2 – Webinar!)

Value Investing: What Does this Mean and How does it Impact You? (Part 1)

Spencer Kenley General, Investments Leave a Comment

In the world of investments, one way to classify stocks is to differentiate between what are known as “growth” and “value” stocks.  The difference is this: growth stocks are relatively more expensive than value stocks; in other words, a growth stock means that an investor must spend more upfront to own the same amount of company assets.Read More

Spencer KenleyValue Investing: What Does this Mean and How does it Impact You? (Part 1)

The Role of International Investments in Your Portfolio

Spencer Kenley Investments Leave a Comment

In recent years, the US stock market has significantly outperformed international markets; this performance is exaggerated by the fact that we live in America, so all the financial news is about the performance of the US Market—the Dow and the S&P. As of September 30, 2020, the S&P 500 had outperformed the global market1 over the preceding 5 years by 7.92% per year. This disparity has left many investors to re-evaluate the benefits of holding international investments in their portfolio. While international performance in recent years has lagged behind the US, it’s important to remember that recent performance is not an reliable predictor of future results.

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Spencer KenleyThe Role of International Investments in Your Portfolio

Has the Market Lost Touch with Reality?

Spencer Kenley Investments Leave a Comment

2020 has been a hard year for investors. News about the economy has been bleak, with headlines telling the story of high unemployment, falling GDP, and the onset of the first recession since the 2008 financial crisis. The stock market tumble earlier this year was swift and painful for many investors, but the recovery has been equally fast and surprising—by mid-August, the S&P 500 index had fully recovered and was once again reaching record highs. The same can be said of global stock markets. In the face of such troubling news, many people are left wondering, has the stock market lost touch with reality?Read More

Spencer KenleyHas the Market Lost Touch with Reality?

Elections and the Market

Spencer Kenley Investments Leave a Comment

In the face of the coming presidential election, many investors wonder how the outcome of the race for the White House will impact market returns. While it is easy to get caught up in the excitement and noise of the moment, history shows that the winner of a presidential election is not a reliable predictor of what will happen in the stock market. Election campaigns and biased news media will argue that “this time is different;” however, we believe that the sun will keep coming up and the economy will drive forward regardless of who is president.

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Spencer KenleyElections and the Market

Paycheck Protection Program Flexibility Act

Nate Williams COVID-19 Updates Leave a Comment

On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020. This new law significantly changes the rules of PPP forgiveness, allowing most borrowers to receive maximum forgiveness. As has been the norm, we expect more guidance and changes to come. We will continue to stay on top of any changes and keep you updated. In the meantime, here is a summary of the new bill and how it applies to dental/medical practice owners.

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Nate WilliamsPaycheck Protection Program Flexibility Act

PPP Update – House Passes New Bill

Nate Williams COVID-19 Updates, General Leave a Comment

On Thursday, May 28, the House of Representatives passed a new bill (417-1 in favor), which will drastically alter the rules and timeline surrounding PPP Loan Forgiveness. While the legislation has not been signed into law yet, we anticipate that a version of it will soon. There may still be changes to the new law before it passes through Senate, but as it stands now, here are some of the major changes:Read More

Nate WilliamsPPP Update – House Passes New Bill