Welcome to the Jill on Money Corona virus Market update.

We are recording this Thursday at 6 p.m. Eastern time and hey three days in the row for rising market, oh my God, feels like

manna from heaven doesn't it? Not the kind of person who gets that excited

about the stock market going up.

A nice 20% bump in three days is pretty good.

Okay, so we got our big Senate bill and we got the details of what is actually in the bill and so so many

of you have been asking some questions I just want to go through a few things that are in that

bill you can go to the website, Jill on Money.com, click on

read. I will update some of the facts that are in there, but pretty much you know

you'll get what you need. I'm going to follow up with some other stuff, because this is a broad one.

You ready for this? Every single person who's been asking about required minimum distributions,

and I said, if you don't have to take them, don't take them in the bill for calendar year 2020,

you don't have to take required minimum distributions from your IRAs or from your 401k's or

403b's. How about that? No RMDs for 2020. That's great news. Fantastic. So take a deep

breath. That was a biggie. A couple of other things that you guys were asking about that I think is really important.

Someone asked if you're going to receive a check if you are retired. The answer is yes. And by the way, even if you don't file taxes and you're collecting Social Security, the government's going to access your data through the Social Security system and will

determine the amount you should receive, but yes, if you're retired and you're

collecting Social Security as long as you're under the income limit, then you're

all set. Okay a couple of questions about what is this based on

interesting. It's based on your adjusted gross income of your taxes.

Now a lot of people haven't filed their 2019 taxes yet,

so little bit of an issue, right?

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