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Coronavirus Update: Buying Opportunity of a Lifetime & The CARES Act

The CARES Act was signed into law on Friday, March 27, 2020.

While that is great news, in and of itself, here's a look at the six key components that may impact you.

In this video, we will cover:

  1. Your Stimulus Check (Advance of 2020 Tax Credit)
  2. Suspension of Required Minimum Distributions (RMDs)
  3. 10% Early Withdrawal Penalty Waiver For Coronavirus-Related Distributions from Retirement Accounts (Up to $100k)
  4. Changes to Charitable Contribution Tax Rules
  5. Payroll Protection Forgivable Loans For Business Under 500 Employees
  6. Net Operating Loss Carry-Back Opportunities

In addition, we talk about the buying opportunity of a lifetime in today's market.

If you or anyone you know needs help with any of the mentioned ideas or strategies, please reach out today! 

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Dave Alison, CFP, EA

Founder & CEO

(650) 617-3402