Coronavirus: Early Retirement Offer

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 27 May 2020

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Not only are millions of employees being laid off and furloughed, but many are also being offered early retirement packages. If that's you, should you jump at the offer? Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Coronavirus Market Update. We are recording on Tuesday afternoon. This
0:10.3	will drop into your feed on Wednesday morning and markets are pretty big up about
0:16.1	I don't know where between one and two and a half percent. This is I don't know what it is.
0:21.6	I wish I could explain it to you I guess that there's a number of things.
0:24.8	One could basically be that nobody knows what's going to happen but you know there's no other
0:30.9	place to put your money so stocks seem fine another is that
0:34.8	maybe we're going to see the worst of the economic impact I don't know it doesn't
0:39.6	seem that way to me but I could be wrong. Otherwise there's not a lot of explaining to do around it.
0:47.0	I just I want you all to be I guess happy-ish that there is a rising stock market so it's one less thing that you have to
0:54.3	freak out about maybe also you can be content in knowing that you should not have
0:58.6	done anything with your money in March hopefully you didn't If you have a financial question, please do contact us. Our email address is
1:07.2	Ask Jill at Jill on Money.com. Ask Jill at Jill on Money.com.
1:14.0	Let's get to your questions.
1:16.0	This is from John.
1:18.0	I'm a freelance business writer with no work this year so far.
1:21.0	Ugh, sorry man.
1:22.0	Do I have to pay estimated taxes on my
1:24.5	$1,200 federal coronavirus stimulus check? The answer? No, you don't. And the
1:29.6	other question is do I have to apply the $1,200 income to my annual 2020 filing?
1:35.0	Do I have to apply the $1,200 income?
1:38.0	No, it's not taxable, so you don't have to do either of those.
1:41.0	See, I had to read that twice just so I could remember what I was
	...

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