CARES Act - 5 Key Items Everyone Should Know Financial Breakaway: Your Clear Path to Retirement

In response to the COVID-19 global pandemic, the US Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency fiscal stimulus package, in order to help ease the damaging effects it has had on the economy. The President signed it into law March 27th, 2020.
Here are the five items of the bill I see most important to the everyday person and my clients:
1) Recovery rebates directly to individuals
2) Coronoavirus related distributions from IRA's and retirement plans
3) Required Minimum Distributions waived for 2020
4) Student loans deferred 
5) Bumped up Unemployment Compensation 
To download a summary PDF of this information visit: https://turowskihitchcock.com/resources
Source: Coronavirus Aid, Relief, and Economic Security Act
https://www.congress.gov/116/bills/s3548/BILLS-116s3548is.pdf
 
Ryan Hitchcock
Financial Planner
 
Direct: 414-253-4611
rhitchcock@highpointcaptialgroup.com
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not guarantee of future results.  Securities and investment advisory services offered through SagePoint Financial, Inc. (SPF), member FINRA/SIPC. SPF is separately owned and other entities and/or marketing names, products or services referenced here are independent of SPF. 
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