Wealth Management & Financial Planning

Wealth Management & Financial Planning

Should You Accept The 2020 Coronavirus Distribution Gift Or Send It Back

Congress is trying to figure out a way to keep us alive. It's not our job to figure out ways to manipulate the tax code during a pandemic. However, if you did take a Coronavirus related distribution, find a way to get that back in there. Essentially, when you take those distributions, it does terrible things to you long-term. Find someone who is going to take care of you. Find a person that will put themselves in your situation. For those of you who got the support you need, it will be critical to find ways to put that money back.

Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see our Disclosure page for the full disclaimer.

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