On March 27th of 2020, The CARES Act was signed into law. The primary goal of the $2T stimulus package is to cushion the impact of the sudden economic halt caused by COVID-19.
This 880-page document contains many provisions and strategies for both business owners and investors alike. In this on-demand video, Brian Bohn, Wealth Management Advisor, will be discussing the personal financial implications of the act including RMD Waivers, Qualified Plan withdrawals, Rebates, Student Loan deferral, and unemployment benefits
- What is the CARES Act?
- Personal implications of the Act
- Stimulus checks
- IRAs
- Required Minimum Distribution Waivers and Coronavirus-Related Distributions
- Qualified Plan Withdrawals
- Loan relief
- Defined benefit funding
- Charitable Giving
- Student Loans
- Unemployment
- Business Implications of the CARES Act
- Payroll Protection Program
- Employee Retention Credit
- Payroll Tax Deferral
Recorded on May 19, 2020.