Your Money & Your Life Podcast

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The Latest Financial Update on Coronavirus

As we approach the third month dealing with the coronavirus health crisis, let’s get an update on where things stand. Don will tell us how he’s dealing with the quarantine, what clients are concerned about, and the adjustments you might want to consider.

 

Read more and get additional resources here: https://doncashpodcast.com/?p=277 

 

Today's show schedule: 

1:56 - Some quarantine trivia.

3:47 - How is the family doing through all this?

4:47 - Don’s three good things to reflect on.

6:30 - How are clients and other people in the industry dealing with this?

7:39 - It’s hard to find context for a lot of the statistics we’re hearing.

10:42 - What kind of feedback are you hearing from clients since last month?

11:28 - The changes in the IRA rules have caused some confusion. Don clears things up.

13:45 - Tax obligations for these provisions.

14:24 - What adjustments are clients making right now?

17:00 - Does this law affect charitable donations at all?

19:09 - Getting to Know Don: If you could relay a message to yourself 20 years ago, what would you tell yourself knowing what you know now?

Coronavirus Update: Understanding the CARES Act

Have you heard about the CARES Act, which will provide aid and relief for individuals and businesses? What adjustments have you made recently due to coronavirus and its impact? We'll discuss a few key areas to pay attention to.

 

Read more and get additional resources here: https://doncashpodcast.com/?p=269 

 

Today's rundown: 

0:40 - What a world we’re living in now with social distancing and flattening the curve.

5:40 - Have people been making big changes with their financial plans?

7:49 - People typically fear getting sick or running out of money.

8:20 - What can you control?

9:54 - What has changed with the CARES Act?

14:40 - What are coronavirus-related distributions?

18:31 - Planning is a process and this will pass.