Recent weeks have seen some extraordinary moves in the financial markets, as the world reacts to the spread of COVID-19. Please know that we are closely monitoring current news and economic reports, and we are committed to supporting you through this season. Feel free to contact us at any time, for any reason. We are here to help.

It’s difficult not to become alarmed about the pandemic, and its potential effects on our markets, economy, and social systems. Below are a few updates and resources we’d like to share with you.


  1. Although this contraction may last awhile, we believe that most investors will be in a position to rebound strongly later this year and early next year when virus-related shock subsides and pent up demand re-emerges.
  2. A solid financial plan has already incorporated the inevitable market downturns into the plan’s long-term functionality.
  3. Because so many of our clients work in the health industry, we know that your stress level is climbing. Don’t forget to take care of yourself and your family, including your mental health.
  4. We are here to help and are committed to providing the information and resources you need without interruption.

We value your continued trust.



  • Cash payments to individuals earning less than$99K / $198K household.
  • Extra unemployment payments – adds $600 per week in federal unemployment benefit to the state benefit
  • Tax Deadline extension – from April 15 to July 15
  • Student Loan payments suspended through September
  • Emergency grants and forgivable loan programs for small businesses
  • $500 Billion in loans to big businesses like airlines
  • $100 Billion for hospitals responding to COVID-19, $16 Billion to Strategic National Stockpile of medical supplies.
  • Additional funds for school meals, food stamps, and food banks.
  • Makes coronavirus treatment covered by insurance and tests free

Source NPR:



The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. If interested, please contact and forward all documents to Chris Latino, CPA. Ph: 303-444-4327 Fax: 720-890-2690.





Accruing interest and payments are halted as of March 13th, and through Sept. 30th. Most borrower statements are now showing 0% interest, and servicers are working to enact payment suspension ASAP.

  • The suspension of payments and halting of interest accrual will be backdated to 3/13 and automatic; nothing a borrower needs to do.

Those enrolled in Income-Driven plans will be able to count this six month period towards available loan forgiveneSS, including PSLF, assuming they are meeting the employment requirements.

  • Anyone pursuing PSLF is advised to simply enjoy the payment holiday, as making unnecessary payments would only increase the cost of forgiveness.

This does NOT apply to private, institutional, most FFEL (2010 or earlier), Perkins and other non-Direct loans, however, some of these can be consolidated to Direct and then become eligible.

Loans refinanced through a private lender (Sofi, Laurel Road, CommonBond, Splash, etc.) are NOT eligible for the stimulus. That said, the opportunity exists right now to secure the lowest rates we’ve ever seen, on federal loans or by re-refinancing.

Doctors Without Quarters newest partner, Splash, is advertising 5-year fixed rates under 3 — AND they will pay up to a $1000 bonus.

Update as of 5/28/2020: *Attention* If your student loans are with Great Lakes, even though you can forbear until 9/30 under the CARES Act, they mistakingly reported non-payment to the credit bureaus. We recommend checking your credit score now, especially if you’re looking to refinance in the near future.




Are You Ready for the Rebound?

Rebirth of Physician Practices In The Post‐Pandemic Era

Reminder On the Big Moves

How to Avoid CARES Act Financial Relief Scammers

Market Bears Awaken

Looking Beyond the Fear: An Analysis of Sharp Selloffs

Volatile Markets: Don’t Rely on Headlines for Guidance on When to Invest


It is completely normal to experience feelings of loneliness, fear and anxiety during these unprecedented times. While we may not be able to control our initial feelings, we can control our internal dialogue. It is important to take a step back and remember these two important points: 1. You have a solid financial plan in place for this & 2. Your team is here to guide you along the way. Our clients never walk alone through their trials and uncertainties.

We post behavioral advice every week here and on various social media platforms, like the Mosaic Financial Associates Twitter, Facebook, & LinkedIn. For our Orthopaedist Advisory Group clients, please see the OAG Facebook, Twitter & LinkedIn pages for content that is relative and pertinent to your situation.

Blog Posts

A Note on Fear Perspective

The Virtue of Optimism

Strategic Ignorance

Preserving Your Mental Health

Detrimental Data

No Pain, No Gain: Disciplined Investing through Anxious Times



Mosaic Financial Associates is committed to supporting COVID-19 relief resources to help our doctors and other healthcare personnel across the nation. We are matching all donations made to the American Red Cross with a total of a $5,000 contribution limit.

You may donate here. Please notify Hayley Veal with a receipt attached.