Finance

Notice to those who may need financial coaching, information or direction to financial resources, effective March 19th I will be working remotely from home until further notice. This is in response to the unfolding COVID-19 crisis. I will be reachable by my Cornell email address nmr23@cornell.edu and will be checking my voice mailbox daily at 607-664-2573 if you need assistance.

Our hope is everyone stays safe and well.

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Members of the Family Economic Resource Management Program Work Team met recently and identified two websites with information on how to handle your finances during the current national emergency along with information on how to protect yourself from scams. The websites, both from government agencies, can be found on the link below. Please feel free to use the information.

The link includes resources on protecting yourself and your loved ones financially from the impact of COVID-19. The Consumer Financial Protection Board has information ranging from what to do if you have trouble paying your bills, are facing income loss, or have a problem with a financial service.

The Attorney General of New York State has detailed information on Coronavirus resources and warnings on current consumer scams.

These resources are updated on an ongoing basis to provide you with current information.

Read more here

Additional Resources:

• Information on how to apply electronically for an SBA Economic Disaster Loan to access working capital .
  Please don’t hesitate to contact REDEC should you have any questions or need assistance.
  Information on COVID-19 assistance is on the ESD website. 
  https://esd.ny.gov/resource-guide-covid-19-sba-disaster-loans
• The University of Georgia has an excellent series of seven “ When Your Income Drops” fact sheets 
  Access them here 
  What to Do When your income Drops worksheet
• Blog post about the current COVID-19 crisis 
  Access it here
• Consumer Warnings and Safety Tips (from the FCC)
  Access it here
• IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments
• Online security tips for working from home
  by Lisa Weintraub Schifferle
  Attorney, FTC, Division of Consumer & Business Education
  Teleworking during the Coronavirus outbreak? While working from home can help slow the spread of the virus, it brings new challenges: juggling work while kids are home from school; learning new software and conferencing programs; and managing paper files at home. As you’re getting your work-at-home systems set up, here are some tips for protecting your devices and personal information.  Read more...
  
• Federal Student Loan Temporary Interest Waiver
  

  By Becky Eason FINANCIAL PLANNER
  (compliments of Rooted Planning Group)

• CARES ACT - Part 1  Recovery Rebate
  By Amy Irvine, CFP®, EA, MPAS®, CCFC
  FINANCIAL PLANNER
  (compliments of Rooted Planning Group)
• CARES ACT - Part 2 Small Business Provisions
  By Amy Irvine, CFP®, EA, MPAS®, CCFC
  FINANCIAL PLANNER
  (compliments of Rooted Planning Group)
• CARES ACT - Part 3 Unemployment Benefits
  By Kerrie Beene, CFP® and Amy Irvine, CFP®, EA, MPAS®, CCFC
• CARES ACT - Part 4 Retirement and HSA Related Provisions
  By Kerrie Beene, CFP® and Amy Irvine,CFP®, EA, MPAS®, CCFC

Last updated April 3, 2020