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The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

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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TIME INDEX:

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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RESOURCES:

Financially Simple Educational Website

Financially Simple on YouTube

Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9.

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July Services

Jennifer McConnell

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BIO:

Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.