Not sure how the COVID-19 pandemic will impact your finances and ultimately your retirement lifestyle? Financial professionals Joe Anderson and Alan Clopine address the stress and feelings of concern while providing the tools and strategies to help you get through these uncertain times. From the CARES Act to Coronavirus related distributions, they help to educate you about the options that are uniquely available now.
Important Points:
(00:47) – COVID-19 Economy: Market Sentiment
(01:24) – USA’s Biggest COVID-19 Worries
(02:09) – COVID-19 Financial Action Plan:
- Review your Current Portfolio
- CARES Act Tax Opportunities
- Creating a Financial Plan
(03:24) – What to Consider When Reviewing Your Portfolio
(05:55) – How to Calculate Your Required Rate of Return
(09:31) – Benefits of a Coronavirus Related Distribution
(11:47) – How to qualify for a Coronavirus Related Distribution
(13:11) – Figuring out your tax bracket
(14:19) – Tax planning
(15:56) – The CARES Act
(18:12) – Claiming Social Security Benefits
(19:58) – Elements of a Financial Plan
(22:20) – Ask the Experts
(24:10) – Pure Takeaway: Coronavirus & Retirement
- Review your portfolio
- Provisions of the CARES Act
- Elements of a financial plan
