The Coronavirus Aid, Relief and Recovery Act

Good Afternoon!

We hope this note finds you and those around you safe and healthy during this unprecedented time. You may be aware at the end of March, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act and it is now law. This is the third piece of legislation that Congress has passed to help Americans deal with the economic impacts of the coronavirus outbreak.

This historic and sweeping legislation was created to help keep workers paid and employed, allows businesses to remain operational and makes necessary health care system enhancements to stabilize the economy. We want to make sure you are aware of certain provisions designed to help you.

  • Retirement Assistance – Retirement plan withdrawals for COVID-19 affected individuals, access to plan loans, waiver of RMDs for 2020 and allowance for plan amendments
  • Individual Assistance – 2020 tax recovery rebates for incomes up to $99,000 for singles and $198,000 for married couples
  • Small Business Assistance – Paycheck protection program, loan assistance, loan forgiveness, employee retention credit and tax benefits


We’re here for you via phone or email and look forward to discussing the CARES Act or answering any other questions to help you with your financial needs.

Please feel free to contact our office any time.

Sincerely,

Your Team at SSWM
As always, if you have any questions or concerns, please contact us.
  
Sullivan & Schlieman Wealth Management, LLC
Alpharetta Office
5755 North Point Parkway,
Suite 207
Alpharetta, GA 30022
  
678.867.0500 Office
678.867.0501 Fax
877.867.0508 Toll Free

Gainesville Office
641 Spring Street SE
Gainesville, GA 30501
  
678.780.3200 Office
678.780-3201 Fax
844.828.8555 Toll Free
 Securities offered through LPL Financial. Member FINRA/SIPC
  
The information contained in this email message is being transmitted to and is intended for the use of only the individual(s) to whom it is addressed.
If the reader of this message is not the intended recipient, you are hereby advised that any dissemination, distribution or copying of this message is strictly prohibited. If you have received this message in error, please immediately delete.
  
Copyright 2012 - LPL Financial. All Rights Reserved.
DISCOVER HELPFUL RESOURCES AT YOUR FINGERTIPS