5 Things Retirement Savers Need to Know About the CARES Act

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Financialplanning, Retirement, Money, Taxplanning, Stocks, Wealth, Business, Investing, Retirementplanning

2.4 • 606 Ratings

🗓️ 21 April 2020

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I've partnered with Dimensional Funds (a $450 billion asset manager) to host a FREE webinar on April 30th.

We will be addressing the recent market volatility + what you can do as a retirement investor to weather this storm.

There are no strings attached. This is a FREE webinar for educational purposes only.

To register, visit www.staywealthywebinar.com.

Today on the podcast, I'm sharing 5 things retirement savers need to know about the CARES Act...

...the largest economic stimulus bill in history!

If you haven't had time to read all 880 pages, you're going to enjoy the highlights in today's episode.

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, everyone, really quick, before we start the show, I've partnered with one of the most
0:03.8	brilliant minds over at Dimensional Funds to host a free webinar on April 30th discussing
0:09.8	recent market volatility and how to weather this storm. I want to be really clear. There are
0:14.8	no strings attached here. This is purely educational. This is my attempt to just get good
0:20.3	information in everyone's hands.
0:22.3	To register for the free webinar, just go to stay wealthy webinar.com. That's www.
0:28.3	www.com. Okay, on to the show. Welcome to the Stay Wealthy Podcast. I'm your host, Taylor Schulte, and today I'm sharing five things that retirement savers need to know about the recently passed CARES Act. This was the largest economic stimulus bill in history. And my team and I comb through all 880 pages to pull out the most important items impacting retirement savers.
0:57.1	For all the links and resources mentioned today, including a link to all 880 pages just in case
1:03.5	you need some help falling to sleep, head over to you stay wealthy.com forward slash 70.
1:13.0	The CARES Act was passed on March 26th, 2020, and it really provides support for five
1:19.4	main things.
1:20.5	Individuals and families, small businesses, corporations, health care providers, and state
1:26.4	governments.
1:26.9	But it also ensures that an eventual
1:29.5	COVID-19 vaccine and treatment or treatments will be covered under all private insurance plans.
1:36.1	And as mentioned at the top of the show, this was the largest economic stimulus bill in history.
1:41.4	It was almost 900 pages long. But we went through all of it. We even sat
1:45.8	through some extra webinars and workshops to make sure that we went through every piece of it.
1:50.4	And I want to share five things that I think most retirement savers need to know about this bill.
1:56.3	Number one, as most of you know, 90% of taxpayers have a tax-free stimulus check headed their way.
2:02.8	In fact, by the time this publishes, you might already have this in your bank account.
2:07.5	Here's just about everything you need to know and a little known tip that high-income filers need to know about these stimulus checks.
	...

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