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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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Apr 17, 2020

The government responded swiftly to the financial crisis facing our country due to the coronavirus pandemic, but it’s difficult keeping up with everything. Let’s review each of the provisions made for individuals and small businesses so you’ll have a better grasp of the relief being offered.


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Today's rundown: 

0:44 – Why Joel is actually excited about this time.

1:36 – How will your business change once we come out of this?

3:44 – Communication might be great for a lot of advisors right now.

4:14 – Why we don’t require investment minimums from clients?

6:15 – So many people need help and advice right now because of all the changes and uncertainty.

8:46 – Let’s review all the action the government has taken recently.    

9:09 – Tax filing deadline and IRA contribution deadline moved back.

10:08 – The recovery rebate going to individuals. How helpful will that be?

12:01 – RMDs not required for 2020. That affects a lot of clients.

13:04 - The early withdrawal penalty has been waived for retirement accounts. 

14:27 - Paycheck Protection Program for small businesses.

17:17 - If you need to discuss any of the things, here’s how you can set up a 15 minute consultation.

20:12 - Mailbag Question #1: Should I press pause on my 401k contributions until the market is doing better?

21:46 - Mailbag Question #2: My wife and I are both restaurant managers at different places but both are closed right now so we’re laid off for the foreseeable future. Should we take money out of IRAs to get us through this rough patch?