Perspective on the current COVID-19 economic and market environment as it relates to previous market cycles, key provisions of the CARES act, and what recovery from here looks like. Melissa Fradenburg highlights provisions of the new CARES Act fiscal stimulus. • Rebate check details • Unemployment insurance expansion • Student loan relief • Adjustments to distribution rules from retirement plans • Elimination of required minimum distribution requirements for 2020 • Small business owner relief
Please note, changes in tax laws may occur at any time and could have a substantial impact upon each person’s situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. *Note about Calculator: These calculators are hypothetical examples used for illustrative purposes. Actual taxes may vary. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete.
Melissa Joy, CFP®, CDFA® is the President of Pearl Planning and a Wealth Advisor for Raymond James Financial Services. Reach out for a call today at 734.274.6744. Address: 8031 Main St. Suite 302 Dexter, MI 48130