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Ken McElroy Show

Options for Individuals Impacted by Covid-19

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 1 May 2020

⏱️ 16 minutes

🧾️ Download transcript

Summary

Join Ken McElroy and Eric Freeman from BeachFleischman as the talk through some options for individuals that have been impacted by Covid-19. You can learn more about Eric at his firm's website at https://BeachFleischman.comYou can also download a useful resource created by Ken to help work through your financial stress test. You can find the resource at: https://www.kenmcelroy.com/stresstest/Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Real Estate Strategies podcast.

0:04.0

I'm Ken McRoy and I'm here to give you creative ideas on how you can get started or continue your journey in real estate.

0:11.0

Each week we will bring you inspiring and informative conversations with successful people and their path to obtaining or investing in real estate.

0:20.0

Enjoy the episode.

0:22.0

Hey, everybody.

0:22.7

It's Ken here.

0:23.5

And I've got my friend Eric Freeman on.

0:25.9

Hey, Eric.

0:26.9

Hey, Ken.

0:27.6

Glad to be back.

0:28.7

So some of you might have seen Eric before.

0:31.1

So Eric's firm, Beach Fleshman, he is a senior tax manager there. And he has a CPA, he's got his master's of accounting.

0:42.5

And Eric is directly in charge of doing our 100 of our tax returns every year and we meet every

0:48.8

quarter and go over all the things that we need to go over as it relates to, you know, tax planning.

0:54.8

And so welcome back, Eric.

0:57.1

Yeah, glad to be here, Ken.

0:58.8

So, you know, what I wanted to do is, you know, is as we talked before the show,

1:03.9

is just be relevant to the listeners right now.

1:06.7

You know, we just, things are super confusing as this, as this money's rolling out of the state and federal, you know, stimulus packages. And, you know, and what do you do if you're an employee? Like, you know, like, let's say, you know, you've been laid off or whatever. You know, let's just eliminate some of the confusion as to what are some of the possibilities that one individual can do

1:29.9

to help themselves financially right now? Yeah, that's a great question because it definitely

1:35.6

affects a lot of people. So one of the big changes was to the unemployment. So they, now states are authorized, one, to provide an additional 13 weeks of unemployment.

1:51.0

So for most, that's, that's 39 weeks.

...

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