What You Need to Know About the CARES Act

<p class="p1"><span class="s1">After a brutal economic month of March, Congress passed the Coronavirus Aid, Relief, and Economic Security Act. This new stimulus bill aims to help individuals and businesses while also stabilizing the economy. Let’s talk about the key financial takeaways and what they might mean for your long-term plan.</span></p> <p class="p1"> </p> <p class="p1"><span class="s1"><strong>Read more and get additional resources here:</strong> <a href= "https://johnsonbrunetti.com/?p=5140">https://johnsonbrunetti.com/?p=5140</a> </span></p> <p class="p1"> </p> <p class="p1"><strong><span class="s1">Today's rundown: </span></strong></p> <p class="p1"><span class="s1"><strong>0:20</strong> – Joel recording from home after setting up all the equipment. </span></p> <p class="p1"><span class="s1"><strong>2:08</strong> – Congress passed the stimulus bill. What’s Joel’s opinion on the $1,200 payment for individuals.</span></p> <p class="p1"><span class="s1"><strong>4:07</strong> – What about the long-term effects?</span></p> <p class="p1"><span class="s1"><strong>4:45</strong> – RMDs for 2020 are no longer required. Why is this important?</span></p> <p class="p1"><span class="s1"><strong>7:57</strong> – You can now pull money out of IRAs and 401ks without the penalty. Would this be something you’d want to consider?</span></p> <p class="p1"><span class="s1"><strong>9:51</strong> – What kind of conversations is Joel having with clients in recent weeks?</span></p>