The CARES Act
What You Need to Know about the CARES Act
On March 27, 2020, Congress passed, and the president signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The bill includes $2 trillion in comprehensive, emergency fiscal stimulus to support American individuals, businesses, and state and local governments.
Explore these resources to understand what you need to know about some of the most important provisions are that affect individual taxpayers and small-business owners.
Watch Reed Lloyd, AVP of the Retirement Strategies Group, highlight key components of the CARES Act that may have an impact on our business and the potential impact on individual taxpayers.
CARES Act Overview
The CARES Act included $2 trillion in comprehensive stimulus to support Americans. Some highlights that directly impact individuals are provisions for:
- The 2020 Recovery Rebate
- Student loans
- Charitable-contributions
- Retirement-related changes
- Businesses
CARES Act and SECURE Act Rules, Strategies, and Planning Webinar
In this webinar replay, Pacific Life's Retirement Strategies Group discusses which rules from the CARES Act and the SECURE Act are permanent and which are temporarily relaxed. In addition, the webinar provides strategies to help clients plan for these changes.
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Traditional & Roth IRA
May 07, 2020
Time for a Strategic Roth Conversion?Recent market volatility stemming from the coronavirus pandemic has sent markets cratering. For the long-term investor, a ray of sunshine may exist. -
Traditional & Roth IRA
April 30, 2020
RMD Waiver (and Confusion) in 2020 (Pt.1)The Coronavirus Aid, Relief, and Economic Security (CARES) Act waives required minimum distributions (RMDs) from defined contribution plans and IRAs in 2020. -
Beneficiary Planning
May 12, 2020
RMD Waiver (and Confusion) in 2020 (Pt. 2)The Coronavirus Aid, Relief, and Economic Security (CARES) Act waives required minimum distributions (RMDs) from defined contribution plans and IRAs in 2020.
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Tax Planning
March 26, 2020
News from the IRS: Tax Filing and Payment Relief as a Result of COVID-19Learn about the ways the IRS is stepping in to help taxpayers as a result of the pandemic through the issued Notice 2020-18. -
Regulatory Updates
April 13, 2020
News from the IRS: IRS adjusts HDHPs for COVID-19The IRS issued Notice 2020-15, allowing HDHPs to cover testing and treatment of COVID-19 and not be disqualified. -
Regulatory Updates
April 13, 2020
News from the IRS: Tax Filing and Payment Relief for COVID-19 – Q&AWhile the IRS is considering whether additional Internal Revenue Bulletin (IRB) guidance is needed, their associated Q&A offers some key updates.
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Regulatory Updates
May 26, 2020
CARES Act—Get Started With These Four QuestionsHow can a financial professional help clients navigate the CARES Act? As a start, the four questions below may help individuals, families, and clients determine where there may be benefits. -
Tax Planning
April 27, 2020
The CARES Act Cares About Charitable GivingThe Coronavirus Aid, Relief, and Economic Security (CARES) Act offers some charitable-giving incentives. That’s great news in these tough times for both charities and those charitably inclined. -
Regulatory Updates
January 13, 2020
The SECURE Act: Key Retirement Plan ProvisionsAs the December 2019 holidays approached, President Trump signed into law the Further Consolidated Appropriations Act of 2020. -
What You Need to Know About the CARES ActA new legislative bill was passed —The Coronavirus Aid, Relief, and Economic Security (CARES) Act, otherwise known as CARES, here are some of the most important provisions that affect individual taxpayers. -
What You Need to Know About the SECURE ActListen to Reed Lloyd, AVP of the Retirement Strategies Group, as he highlights key components of the SECURE Act that may have an impact on our business.
Want to Talk Further on this Topic?
The Retirement Strategies Group, subject-matter specialists with advanced degrees and designations such as CFA®, CFP®, ChFC®, CLU®, and JD, are ready to help.
Call:
(800) 722-2333
In New York, (800) 748-6907
Email:
RSG@PacificLife.com
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