Newsletter Issue: Vol 9 Issue 4
April 2020
Support Your Local Community  
During these difficult times, Symphony Financial is proud to support the Great American Restaurants and their "Community Kitchen" initiative providing meals to local hospital workers and first responders. If this is something you're interested in, go to:
Coronavirus Recession Unlike any other Economic Downturn in US History  
Dire unemployment and growth forecasts have led some to compare the coronavirus downturn to the Great Recession from 2007 to 2009 or the Great Depression in the 1930s. However, policymakers say this recession is unlike any other in U.S. history because it was spawned by a health crisis, not by an unhealthy economy. CNBC examines how the post-coronavirus economic downturn compares to earlier examples.
The CARES Act - Key Provisions
Are you a small business owner? Here is a guide from the US Senate Committee about the major programs and initiatives that will soon be available from the Small Business Administration (SBA), as well as some additional tax provisions that are outside the scope of SBA. You may read the guide online, or download a pdf copy for your reference. Access the guide

Need to access funds from your retirement account? Here is an overview outlining how the CARES Act affects you when accessing funds from your retirement accounts. Read more here
Monthly Economic Update  
The CARES Act moves to assist Americans quarantined by COVID-19, providing relief with a $2T stimulus package; markets worldwide react to coronavirus-related volatility.
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