The eagle's Nest Webcast
This Week's topic: Coronavirus Aid, Relief and Economic Security (Cares) Act — What it Means for Investors
This week's hosts:
With Special Guest: Stuart Crowell
Realtor with Liv Sotheby's International Realty
On March 27th, 2020 President Trump signed the CARES Act. As is the norm for typical legislation, the Act is over 800 pages long. Trying to develop an understanding of the entire Act is more than the typical investor is probably prepared to attempt.
This webcast cast breaks down the major points of the Act that are relevant to investors, whether you are in retirement or preparing yourself to retire down the road.
In order to take advantage of the early distribution and loan provisions you must have a valid COVID-19 related reason.
In this week’s episode of the The Eagle’s Nest webcast, Bruce Larson, Taylor Lear, and Keith Weinman break down each of these points in more detail, but also makes you aware of the short and long-term tax consequences of accessing any of the provisions in the CARES Act.