The Oxford Oracle

Read the latest financial news from professional advisors at Oxford Financial Partners.

Posts about COVID-19:

The Paycheck Protection Program Has Received Additional Funding for 2021. Here’s What Small Business Owners Need to Know

The Paycheck Protection Program Has Received Additional Funding for 2021. Here’s What Small Business Owners Need to Know

Self-employed individuals and small businesses account for a significant portion of our country’s economy. During a global pandemic, like the one we’re experiencing now, small businesses suffer some of the hardest hits. Last March, the CARES Act allocated funding to support the U.S. economy and workers through the Coronavirus pandemic.

In 2020, The World Went Virtual. But Should Your Financial Planner Still Live in Your Area?

In 2020, The World Went Virtual. But Should Your Financial Planner Still Live in Your Area?

In early 2020, governments around the globe took drastic measures to slow the spread of Covid-19. As a result, we saw a major shift in the way we work, interact with others and go about our daily lives. While working with an advisor virtually is nothing new, the relevance of virtual advising has increased significantly amidst the global pandemic.

The Stock Market and the Economy Are Not the Same: A Guide to Understanding the Difference

The Stock Market and the Economy Are Not the Same: A Guide to Understanding the Difference

When we think of financial health, a few things might come to mind. We may think of our own financial status, our investments, the Dow Jones Industrial Average performance, the stock market as a whole, the economy, the country’s employment status and so on. While some aspects may be interrelated on some level, they are not all one and the same, nor do they all indicate the status of one another. 

You Received Unemployment Benefits During COVID-19. What Does That Mean for Your Taxes?

You Received Unemployment Benefits During COVID-19. What Does That Mean for Your Taxes?

By the end of May 2020, over 20 million Americans claimed unemployment benefits.1 This payment can be a great relief to many who have found themselves out of work due to COVID-19. Many companies have been forced to lay off workers, while others simply have not been able to operate as a result of health risks, including restaurant and entertainment industry workers.

4 Things That Will Be More or Less Expensive After Coronavirus

4 Things That Will Be More or Less Expensive After Coronavirus

COVID-19 has impacted nearly every aspect of the economy. When President Donald Trump declared the virus a national emergency at the beginning of March, standards of living rapidly shifted: governors enacted stay-at-home orders, learning institutions closed and consumers suddenly faced unprecedented challenges.1 While the travel and tourism industry is seeing record lows, demand for staple foods and hygiene products has surged. 

Common Scams to Be Aware of During the COVID-19 Pandemic

Common Scams to Be Aware of During the COVID-19 Pandemic

While staying alert and identifying potential scams is something we should always be doing, it is even more important at this moment in time. That's because, amidst the COVID-19 pandemic, scammers are eager to take advantage of the current state of fear and confusion - which is leaving many people isolated and vulnerable. To help you remain alert and aware, we’ve identified a few common scams that have arisen in response to the current pandemic.