The Coronavirus Aid, Relief, and Economic Security (CARES) Act has recently been passed to support US residents dealing with the global pandemic, COVID-19. It’s a combination of economic stimulus and support for the health care system.

We’re going to talk about what this stimulus package entails as Luis Rosa, CFP® EA, Founder of Build a Better Financial Future and host of the On My Way To Wealth Podcast joins us in this episode! He’s a Certified Financial Planner with a mission to help others pursue their financial goals!

In this episode, Luis breaks it down what the stimulus payment is and what it means for minorities and business owners. He’ll answer questions related to your 401k and the CARES Act in light of people who have student loans.

There are many things that we can’t control. The spread of the coronavirus and the uncertain financial markets as such, and Luis assures us that there are also some things that we can control and he’s going to help us tap into it!

Educate yourself now and focus on what you can control. Find out what actions to take in this crisis so that you can build a better financial future for you and your family!

Highlights:

>> What is the CARES Act

>> What’s this stimulus payment you’ve been hearing all about?

>> What the CARES Act entails for people who have student loans

>> Should you tap into your 401k now?

>> How the CARES Act is beneficial to business owners

>> Focusing on what you can control

>> Taking action

Connect with Luis Rosa

>> Build A Better Financial Future

>> Instagram @luis_f_rosa

>> Twitter @luis_f_rosa

>> LinkedIn

>> Facebook

Resources:

>> IRS Change of Address Form 8822

>> IRS Coronavirus Information Page

>> USA.GOV Coronavirus Information Page

>> USA.GOV Coronavirus Information Page (En Español)

>> Kiplinger Stimulus Payment Calculator

>> COVID19Response.Vegas

>> SBA.GOV/Disaster

>> The Small Business Owner’s Guide to the CARES Act

>> Emergency Loans Small Business Guide & Checklist

>> On My Way To Wealth Podcast

If you loved this episode, you have to listen to these episodes as well:

>> Becoming Successful Through Controlling What You Can

>> Supporting the Minority Entrepreneur with Kelly Burton, PhD

>> How to Win at Student Loan Debt

Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com Can’t wait to meet you.