The coronavirus pandemic has impacted just about everyone from a physical, emotional or financial standpoint. Now there’s relief on the way in the form of the CARES Act. Find out what this means for you as an investor and a small business owner.
Read more and get additional resources here: https://retirementplaybookpodcast.com/retirement-strategy/ep-10-key-things-to-know-about-the-cares-act/1239/
Today's show rundown:
1:05 – What is Dale doing to keep busy during the quarantine?
5:33 – Let’s look at the CARES Act a little deeper.
6:00 – Tax deadline has been pushed back to July.
7:15 – RMDs are no longer required for 2020.
8:13 – Client story about withdrawing early to pay off a mortgage.
8:55 – What if you’ve taken RMDs already?
10:09 – The recovery rebate for individuals.
11:24 – This is an interesting time for people preparing for retirement.
14:43 – Paycheck protection program for small businesses.
16:49 – Just because it’s offered doesn’t mean you should definitely do it.