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In this episode of the Planned Solutions Incorporated Podcast, The national data appears to show two peaks in Coronavirus cases which differs from the pattern that scientist would expect during a pandemic. However, a closer look shows that the experiences of most states and localities are following the expected pattern as the virus appears to be migrating from location to location. This may mean that the typical economic and financial patterns observed during past event-driven recessions may still be the most likely scenario. Also, The President recently signed an executive order extending the CARES Act student loan relief provisions until the end of 2020. This will allow student loan borrowers to defer payments without interest accruing on federal student loans. However, there is some question as to whether the President has the authority to extend provisions of the CARES Act through an executive order which could lead to judicial review of the order. And, For many taxpayers. Qualified Charitable Distributions (QCDs) have become the cornerstone of their charitable giving strategy. However, since Required Minimum Distributions (RMDs) are suspended for 2020 some taxpayers may want to avoid taking distributions from their retirement accounts in an effort to allow the account values to recover from losses earlier in the year. In this case, it may be prudent to rethink the charitable giving strategy and possibly use other giving options. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- We are all adapting to this “new normal” as best we can. So far Planned Solutions has been able to continue to operate as we have in the past, except with everyone working from home with occasional visits to the office to collect the mail, scan in documents, and mail out letters and reports. Chase Armer's book- Financial Planning Insights is now available at: https://store.bookbaby.com/book/financial-planning-insights https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1 To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Planned Solutions, Inc. ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111 E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191 WEB SITE: www.PlannedSolutions.com #finance #invest #investment #stocks #inflation #deflation #bonds