On March 23rd, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This bill was massive in size and scope: at $2 trillion in economic stimulus, loan guarantees, and direct payments, the bill amounts to roughly 9% of 2019 U.S. GDP.
Specifically, this bill brought about recovery rebates, changes to retirement distribution rules, and support for small businesses — to name a few.
On this podcast, Liz Garvey and Beth Parker discuss the key points to have in mind when navigating this legislation. Additionally, please click here to view a summary of the key points, as discussed in this podcast. As always, if you have questions we invite you to connect with your team of planners at Barry Investment Advisors.