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Money Guy Show

Coronavirus Stimulus Bill: What You Need To Know

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 1 April 2020

⏱️ 72 minutes

🧾️ Download transcript

Summary

A huge legislation just passed called the CARES Act. This new stimulus bill promises to ease the extra financial burden brought on by the coronavirus. In case you don’t have time to read and decode a 335 page bill, we did it for you! Let’s unpack what you need to know about the CARES Act and how it affects your personal finances. For more information, visit: https://www.moneyguy.com/2020/03/coronavirus-stimulus-bill-what-you-need-to-know/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The CARES Act, what you need to know.

0:03.0

Yeah, this is kind of exciting, Ryan.

0:04.7

So obviously we've had some huge legislation

0:07.0

that just got passed this last week.

0:09.2

And there was a lot in there.

0:10.5

I mean, it's a big, huge, deep thing.

0:14.3

And so we thought one of the things that we could do today

0:16.2

for our money-got-family is kind of uncover

0:18.7

what are the things you need to know,

0:20.0

what's the important stuff that you should pull out

0:22.0

from this legislation.

0:23.1

And we kind of looked there so much in here,

0:25.3

and I did a crazy deep dive.

0:27.5

So just because we don't cover it today

0:29.3

doesn't mean during the Q and A session,

0:31.6

you can't ask us even deeper questions,

0:33.4

because we did break this into six primary individual benefits

0:37.2

and three primary business benefits

0:39.3

try to keep this thing digestible.

0:41.0

Because we do want to make sure we save time

0:43.1

to get to your questions.

0:44.7

There is also, we're going to have a special episode

...

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