A 30-second read by the Baron Team: Coronavirus Aid, Relief, and Economic Security (CARES) Act is a $2 Trillion economic stimulus package from the U.S. Government.
It addresses the economic impacts of the COVID-19 (coronavirus) outbreak, providing help for both individuals and businesses.
The CARES Act provides:
- Expanded unemployment insurance benefits
- IRA and RMD tax provisions
- Direct cash payments
- Paycheck Protection Program (PPP) for small businesses
- And help in many other areas
We will cover more detail in our upcoming quarterly newsletter. Contact us to subscribe to our newsletter and other educational content.
We are here to help during this challenging time. Reach out to Baron Financial Group for any questions or for a second opinion on your investment or financial plan.
Disclosure: This document is a general communication being provided for informational purposes only. It is educational in nature and not designed to be advice or a recommendation for any specific investment product, strategy, plan feature or other purpose in any jurisdiction. Past performance is no guarantee of future results. Every investment strategy has the potential for profit or loss. This material is not intended to be relied upon as a forecast, research, tax or investment advice. Please consult your tax planning professional for personal tax advice.