Financial Support for Individuals During COVID-19 Emergency

With the vast majority of Americans now mandated to “shelter in place,” record-breaking unemployment filings in recent weeks, and a volatile stock market, many individuals are unsure what financial control they still have. 

We recommend the following:

• Keep you and your family safe
• Evaluate your cash flow and budget
• Take the time to stay connected to your friends and family via Facetime, Zoom, Google Hangout, etc.
• Work with your financial planner to:
  • Rebalance your accounts
  • Focus on the silver lining: BUY LOW, SELL HIGH
  • Review your overall tax planning strategies
  • Review emergency fund needs
  • Fund retirement accounts
  • Prepare to weather the storm and take advantage of the rebound

 

The CARES Act of 2020

The stimulus package passed by Congress on March 27^th provides the following for individuals and families:

 

Here are a few online tools to check if and when you may receive an Economic Impact Payment:

• Confirm your payment status and payment type (i.e., direct deposit or check)
• Frequently Asked Questions
• Payment Calculator

 

Click here to view the on-demand JFL webinar “Decoding the CARES Act” to learn additional options for individuals and families.