What the CARES Act Means to You

Last week the United States Congress enacted a broad, bipartisan economic stimulus law which will pump at least $2.2 trillion into the US economy to counteract the financial impact of the coronavirus. The Coronavirus Aid, Relief, and Economic Security (CARES) Act is the largest emergency economic stimulus package in the history of our country.

There are several provisions in the Act that deal with a variety of issues. Two of the most relevant items for our Lucia Capital Group clients have to do with the stimulus checks being sent to most American adults, and the new (albeit temporary) adjustments to the Required Minimum Distribution (RMD) regulations.

In this special edition of Lucia Capital Group Weekly, Chairman and CEO Ray Lucia, Jr. speaks with one of our senior advisors, Jonathan Savona, CFP® about both of those topics, and their relevance to you. Is there a way to strategize and potentially use the current conditions to your advantage? You may have more control over the situation than you thought!