Preview Mode Links will not work in preview mode

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.

Subscribe on Apple Podcasts

Subscribe on Android

  1. All Episodes
  2. What You Need to Know About the CARES Act

What You Need to Know About the CARES Act

Apr 3, 2020

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.

 

Read more and get additional resources here: https://johnsonbrunetti.com/?p=5140 

 

Today's rundown: 

0:20 – Joel recording from home after setting up all the equipment. 

2:08 – Congress passed the stimulus bill. What’s Joel’s opinion on the $1,200 payment for individuals.

4:07 – What about the long-term effects?

4:45 – RMDs for 2020 are no longer required. Why is this important?

7:57 – You can now pull money out of IRAs and 401ks without the penalty. Would this be something you’d want to consider?

9:51 – What kind of conversations is Joel having with clients in recent weeks?