Small business recovery grants now available. Why so many people are unhappy in retirement. The stock market just had it’s best 100 day rally ever. No one is throwing a Zoom party.
Small business recovery grant (blacksburg.gov)
Many cities and towns across the country received funds from the CARES act and are now rolling out grant programs to aid small businesses. Montgomery County and the towns of Blacksburg and Christiansburg have just opened theirs. One-time grants of up to $27,500 are being provided to offset business impacts during the pandemic. Applications are due September 20, 2020. Please share this information with any business owners you know.
What the hero’s journey teaches about happy retirement (The Atlantic)
After a successful career, some find their next act to be very difficult. They become bored or even miserable in retirement as they feel they’ve lost their purpose. The way to avoid this is to draft a personal plan beforehand outlining how you’ll spend your time and energy.
Bonus – For you Star Wars fans, there’s a funny description of what Luke Skywalker’s later years could have been like if he would have had a more normal retirement.
The best 100 days ever (LPL Financial)
The stock market as measured by the S&P 500 just had its best 100 day gain ever, up more than 50% off its low. What I found interesting is the included chart which shows other large 100 day rallies and how all but one of them continued to move up over the next 12 months. The exception? 1987.