What You Need to Know About the CARES Act

16/04/2020 16 min Episodio 121
What You Need to Know About the CARES Act

Listen "What You Need to Know About the CARES Act"

Episode Synopsis

Are you wondering what the CARES Act is all about and how it might benefit you? What rules should you be aware of? Matt will share the key elements you should be aware of when it comes to the CARES Act in times of coronavirus.
 
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Today's show rundown: 
3:09 - What is the CARES Act doing with RMDs?
5:52 - Can you still make qualified charitable distributions?
7:24 - What does it mean for charitable contributions?
9:07 - If you are under 59 and a half, what happens if you want to take money out of your retirement account?
12:58 - Who gets a stimulus check?