As we approach the third month dealing with the coronavirus health crisis, let’s get an update on where things stand. Don will tell us how he’s dealing with the quarantine, what clients are concerned about, and the adjustments you might want to consider.
Click play to listen to the episode…
As we close in on the end of April, it’s hard to believe that we’re already moving into the third month of the coronavirus pandemic.
We’ve been talking about it since February and it’s a topic that still dominates many of the conversations we have each week. So let’s stay on the subject and provide another update on what we’re seeing and how everyone is doing.
The good news is our business and the people we interact with on a daily basis have all been handling things as best we can. Even though that’s the case, that doesn’t degrade the impact this pandemic has had on all of us. Don has spent a lot of time reading news from around the world and listening to a number of epidemiology podcasts to get as much accurate information as possible and he’ll talk about that on the show.
He’ll also tell us about the biggest changes and adjustments clients have been considering. One thing we have noticed is that many people are a bit confused about the new IRA rules so we’ll spend some time clearing that up on this episode as well.
Since everything we hear about and talk about seems so serious, we’ll take a lighter approach to begin and end the show. We’ll open things open with two pieces of quarantine trivia and we’ll close things out by finding out what message Don would send to himself 20 years ago based on what he knows now.
Listen to the full episode or click on the timestamps below to hear more information.
1:56 – Some quarantine trivia.
3:47 – How is the family doing through all this?
4:47 – Don’s three good things to reflect on.
6:30 – How are clients and other people in the industry dealing with this?
7:39 – It’s hard to find context for a lot of the statistics we’re hearing.
10:42 – What kind of feedback are you hearing from clients since last month?
11:28 – The changes in the IRA rules have caused some confusion. Don clears things up.
13:45 – Tax obligations for these provisions.
14:24 – What adjustments are clients making right now?
17:00 – Does this law affect charitable donations at all?
19:09 – Getting to Know Don: If you could relay a message to yourself 20 years ago, what would you tell yourself knowing what you know now?
Stanford University Study –
Yale Doctor – https://www.youtube.com/watch?v=VK0Wtjh3HVA&t=98s
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Donald W. Cash – CPA, CFP® is an independent advisor. Don began his career in 1985 as an accountant after graduating Rutgers University. In 1990 he entered the field of Estate Planning with a concentration in long term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs. He advoctaes a holistic approach to Estate and Financial Planning as has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers. Don is married to Cathy and have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.