Question of the Month - The Prepare Institute: Preparing Americans for Retirement

Question of the Month

The Coronavirus has wreaked havoc on the whole world from a health, lifestyle and financial standpoint.  In response to the financial standpoint to try to keep the economy alive, the government has been throwing out stimulus packages.  This has caused people to have a lot of questions as to what they will get and how to take advantage of it properly. 

The harsh economic consequences of the COVID-19 pandemic and the widespread shutdowns needed to contain it are starting to set in.  Millions have filed for unemployment and millions more will.  In an effort to keep financially distressed Americans afloat, Congress has responded with stimulus packages.  And there has been a flurry of activity surrounding the COVID-19 stimulus packages with changes in tax filing deadlines, paid sick leave, tax credits, stimulus payments and all kinds of other items.  This information is being released hard and fast, and adjustments are happening constantly.  We have attempted, to the best of our abilities during this challenging time, to put all of this together and provide you with answers on the stimulus packages in basic easy-to-understand terms. 

To get the latest up-to-date information about the various stimulus packages, all of the specific rule and law changes, and how you can take advantage of these changes the most proper way for you specific situation, visit The Prepare Institute website and find an upcoming education retirement course in your area.    

Content is for educational and informational purposes only.  It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. You should contact your retirement and tax professional before utilizing any of the information in this article.