Why Retirees Should Care about the CARES Act: How to Maximize Coronavirus Stimulus Package

Less than a month ago, on March 12, I taught a class to 40 retirees in our offices on the planning strategies surrounding the SECURE Act. That scene is now unimaginable. One client in that group left the next morning for Disney World with his kids and grandkids. Our clients have gone from navigating the "death of the stretch IRA" to trying to circumvent actual death in the age of COVID-19. It's eerie and surreal -- and it's safe to say the SECURE Act has taken a back seat to more pressing issues.

Our nation has mounted a massive response to the coronavirus pandemic focusing on health, safety and the economy. From a monetary standpoint, the Fed was first to act, with an emergency rate cut on March 3 followed by additional cuts that