Apr 23, 2020
In episode 258 of Financially Simple, Justin talks to Jennifer McConnell of July Services about amendments to the Cares Act.
The Cares Act is a living document, being altered and improved upon as the situation calls for changes to best help those that the Act is meant to help. Justin and Jennifer go over recent changes to the Act and discuss how business owners can best respond to the changes.
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02:56 - Ask Justin featuring Jennifer McConnell: The Cares Act and Qualified Plans
04:52 - Changes to the Cares Act
07:31 - Time and Cost
08:43 - Employee Sponsored Plans
11:54 - Other Changes
14:07 - Defined Benefits
16:42 - Safe Harbour Matches
18:08 - Standard Adjustments
21:59 - Fees
24:47 - Most Common Areas of Adjustment
26:26 - Justin’s Thoughts
35:00 - One Pearl of Wisdom
37:13 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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