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Stimulus Rebates: How Much Will You Get?

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4/4/2020

Dear Friends,

By now you have probably heard that the stimulus package (also known as Coronavirus Act, Relief, and Economic Security Act, or CARES Act) has been signed into law. The purpose of the bill is to give Americans a financial bridge until quarantine measures are lifted and people are able to go back to work.

The final version of the CARES Act is ((990))) pages long, and it will take accountants and financial planners weeks and months to sort out all the provisions. For now, here’s what you need to know.

The #1 struggle of DIY investors

Waterchase Life Magazine 

May 2020

I have one question for you today.

Would you be ok with diagnosing yourself if you had symptoms of a serious disease? (Assuming you aren’t a doctor, of course!)

Or let's say your car needed a new engine. Would you tackle that project on your own?

OK—so that was actually two questions. But I bet your answers to both were likely a resounding “No!” And few people would blame you for not wanting to navigate major health or mechanical issues on your own.

Yet most people go their entire lives managing their finances without professional help.

Why is that? Well, one big reason is they think they can do it on their own. There are other reasons, as well.

  • Some people think they can’t afford financial advice.
  • Some don’t understand exactly what a financial advisor does or how they may benefit from one.
  • Others assume they will have to buy unnecessary products or services.

Let's look at those reasons, starting with the most common one.