I hope this finds you and your family healthy, safe and well! Last Friday, March 27th, President Trump signed what has become the largest emergency stimulus measure in our country’s history, a $2.2 trillion package aimed at helping individuals, families, businesses of all sizes and healthcare facilities impacted by the virus. Congress acted quickly with legislation to complement the Federal Reserve’s aggressive efforts on the monetary side. Nearly 900 pages in length, the Coronavirus Aid, Relief, and Economic Security (CARES) Act will be read and analyzed for weeks, months and years to come. We wanted to make you aware of the most notable provisions potentially relevant to you and your family.
Retirement Accounts (Required Minimum Distributions)
Retirement Accounts (Qualified Distributions and Loans)
Recovery Rebates for Individuals and Families
Student Loan Borrowers
Please let us know if you have any questions or concerns, and thank you for your continued confidence. Have a great week! Take care, Tim
The content provided herein is based on our interpretation of the CARES Act and is not intended to be legal advice or provide a tax opinion. This document is a summary only and not meant to represent all provisions within the CARES Act.
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