Money is an important part of people's lives. It impacts everything that we do. It's our financial behaviors, how we spend, how we save, how we invest, that's ultimately going to determine our success. Erik Garcia believes in educating and empowering people to make the right decisions for their future. Co-hosted by "JAG," former afternoon host and Program Director of New Orleans radio station Voodoo 104.
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Money is an important part of people's lives. It impacts everything that we do. It's our financial behaviors, how we spend, how we save, how we invest, that's ultimately going to determine our success. Erik Garcia believes in educating and empowering people to make the right decisions for their future. Co-hosted by "JAG," former afternoon host and Program Director of New Orleans radio station Voodoo 104.
The news is exhausting - markets up and down, press conferences, statistics and more. Today, Erik Garcia and Jag have a simple, easy-to-understand conversation around the financial opportunities that may exist for you during the pandemic.
After a quick explanation on AGI, we take a look at the tax rebate - those checks that are coming to us from the government soon (if you haven't received yours already). If you're still working, and still have a steady income, this could be a real opportunity to pay down debt or sock that cash away in savings.
We also look at other aspects of the CARES Act, including:
Student Loan Relief
New Charitable Deduction for those taking the standard deduction on their taxes
New Charitable Deduction rules for those taking itemized deductions - now up to 100% of your AGI!
Waiving of RMD's in 2020
Next, we examine the relaxing of restrictions on taking money out of retirement accounts - and why, as a financial advisor, this makes Erik really nervous.
Other financial opportunities available right now for individuals:
Mortgage Refinancing
In-Service distributions
Revisit your tax return for withholding
Review Your Spending!
Resources:
Erik's Website
Erik's YouTube Page
Email Erik
Call Erik's Office at 504-218-5479
Plan Wisely with Erik Garcia
Money is an important part of people's lives. It impacts everything that we do. It's our financial behaviors, how we spend, how we save, how we invest, that's ultimately going to determine our success. Erik Garcia believes in educating and empowering people to make the right decisions for their future. Co-hosted by "JAG," former afternoon host and Program Director of New Orleans radio station Voodoo 104.
