Ask Justin featuring Jennifer McConnell: The Cares Act and Qualified Plans

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. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   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 _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter Ask Justin a Question NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit July Services Jennifer McConnell _________________   BIO: 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.

DISCLOSURES:
This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances.

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