Personal Finance Matters

In response to the COVID-19 global pandemic, the US Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency fiscal stimulus package, in order to help ease the damaging effects it has had on the economy. The President signed it into law March 27th, 2020. Here are the five items of the bill I see most important to the everyday person and my clients: 1) Recovery rebates directly to individuals 2) Coronoavirus related distributions from IRA's and retirement plans 3) Required Minimum Distributions waived for 2020 4) Student loans deferred  5) Bumped up Unemployment Compensation  To download a summary PDF of this information visit: https://turowskihitchcock.com/resources Source: Coronavirus Aid, Relief, and Economic Security Act https://www.congress.gov/116/bills/s3548/BILLS-116s3548is.pdf   Ryan Hitchcock Financial Planner   Direct: 414-253-4611 rhitchcock@highpointcaptialgroup.com Investing involves risk including the potential loss of principal. No investment strat