Retirement Account Rule Changes and Stimulus Check Details #186
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 10 April 2020
⏱️ 36 minutes
🧾️ Download transcript
Summary
Friday episodes are all about the coronavirus and your money. There’s a lot of news and information out there, but we are distilling that down to specific takeaways that will allow you to weather this surreal health and financial crisis. In today’s timely episode we cover a lot of good news we’ve come across in the past week. We also dive into some changes to retirement accounts due to the CARES Act as well as a topic on a lot of minds- stimulus checks. Who’s getting one, how much, and when are they showing up? And then we round out this episode by answering a question about taking out a loan to invest in a down market, as well as the likelihood of losing all of your money invested for retirement.
And as we ramp up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!
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Transcript
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| 0:00.0 | The thing that I most nosy about is other people's finances. |
| 0:03.3 | I just want to ask people how much money do you make and what have you figured out about money that the rest of us haven't? |
| 0:08.8 | I might allow and this is other people's pockets. |
| 0:11.8 | The show where I ask people about their money because salary transparency is important and because we can all learn something from other people's financial mistakes and money hacks. |
| 0:20.6 | Other people's pockets is a co-production of pushkin industries and little everywhere. |
| 0:24.7 | Listen to other people's pockets on the iHeartRadio app Apple Podcasts or wherever you get your podcasts. |
| 0:30.0 | Hi, I'm Frances Frye and I'm Ann Morris and we are the hosts of a new TED podcast called Fixable. |
| 0:35.7 | We've helped leaders at some of the world's most competitive companies solve all kinds of problems. |
| 0:41.2 | On our show we'll pull back the curtain and give you the type of honest, |
| 0:44.7 | unfiltered advice we usually reserve for top executives. |
| 0:48.3 | Give us a call and we'll help you solve the problems you're stuck on. |
| 0:51.3 | Listen to Fixable on the iHeartRadio app on Apple Podcasts or wherever you get your podcast. |
| 1:01.2 | Check out the your Financial Maven Podcast where we need to change the way we think about money, our understanding of it and the effects. |
| 1:08.5 | I'm Samantha Mittman-Bessnov, CPA and I have spent over 25 years in the accounting field. |
| 1:13.7 | The your Financial Maven Podcast will touch on things like saving and budgeting and really anything around money |
| 1:19.6 | to help you feel financially empowered. |
| 1:21.9 | Listen to the your Financial Maven Podcast on the iHeartRadio app Apple Podcasts or wherever you get your podcasts. |
| 1:30.2 | Welcome to How To Money. I'm Joel and I am Matt. |
| 1:33.0 | Today we're discussing retirement account rule changes and stimulus check details. |
| 1:43.7 | Hey Joel, let's write some things that change when it comes to taking money out of our 401k's. |
| 2:01.0 | When it comes to tapping those retirement accounts, we'll get to that. |
| 2:04.8 | We're going to answer some coronavirus related questions and we're going to get to some of the details |
... |
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