Treasury secretary says $600 stimulus checks to begin distribution as soon as Tuesday night

Treasury secretary says $600 stimulus checks to begin distribution as soon as Tuesday night
Share
Updated: 7:09 AM EST Dec 30, 2020
National Desk Staff
Share
Updated: 7:09 AM EST Dec 30, 2020
Hide Transcript
Show Transcript
AND SECOND, BE AWARE THAT THE THOSE WHO QUALIFY FOR THE MONEY WILL BE DIFFERENT THAN LAST TIME. DOUG: THE TAXABLE INCOME THRESHOLD WILL BE $75,000 FO INDIVIDUALS AND $150,000 FOR A MARRIED COUPLE, BASED ON YOUR 2019 INCOME. PAUL LANE IS A CERTIFIED FINANCIAL PLANNER FOR THE ARMSTRONG ADVISORY GROUP IN NEEDHAM. HE SAYS THEY LEARNED A LOT ABOUT WHO DOES WHAT WITH THEIR STIMULUS CHECK BASED ON THE FIRST GO ’ROUND. >> STUDIES HAVE SHOWN FROM THE FIRST STIMULUS PAYMENT THAT HALF OF THE PEOPLE WHO RECEIVED IT, ALMOST 50%, THEY HAD LESS TH -- IF THEY HAD LESS THAN $500 IN THEIR BANK ACCOUNT, THE MONEY WENT OUT RIGHT AWAY. DOUG: IF YOU ARE IN THAT GROUP, PAUL SUGGESTS USING YOUR EXTRA CASH TO TAKE CARE OF THOSE IMMEDIATE AND NEAREST TERM OBLIGATIONS. >> WE’VE GOT THE EVICTION MORATORIUM THAT WAS PUSHED BACK A LITTLE BIT FURTHER, BUT THERE IS A LOT OF PEOPLE WHO ARE BEHIND MONTHS ON RENT. SO ANYTHING YOU CAN DO, GO TO YOUR LANDLORD, GO TO SOMEONE, AND SAY, "I GOT THIS MONEY. CAN YOU JUST BUY ME SOME EXTRA TIME?" DOUG: FOR THOSE FORTUNATE ENOUGH WHO MAY ALREADY HAVE A FEW MONTHS OF A FINANCIAL CUSHION, PAUL SAYS IT’S NEVER TOO LATE TO INVEST IN YOURSELF. >> HAVE 6-12 MONTHS OF EMERGENCY EXPENSES SET ASIDE. LOOK AT POTENTIALLY INVESTING IT. WHETHER THAT’S IN BONDS OR STOCKS, DEPENDS ON YOUR RISK TOLERANCE, BUT MAKE YOUR MONEY WORK FOR YOU. DOUG: PRESIDENT-ELECT JOE BIDEN HAS REFERRED TO THIS LATEST ROUND OF HELP AS A, QUOTE, FIRST STEP AND DOWN PAYMENT, SUGGESTING A LARGER BILL AFTER HE’S SWORN INTO OFFICE, WHICH HE HOPES WILL INCLUDE A THIRD STIMULUS CHECK. I’M DOUG MEEHAN, WCVB NEWSCENTER

Related Keywords

United States , Americans , Donald Trump , Steven Mnuchin , Twitter , National Desk Staff , Associated Press , Moody , Cnn , Desk Staff , Secretary Steven Mnuchin , American Economic Impact , Wednesday Americans , President Donald Trump , House Monday , Republican Led Senate , Ryan Sweet , Kmnd , Stimulus , Mnuchin , Corona Virus , Covid 19 , ஒன்றுபட்டது மாநிலங்களில் , அமெரிக்கர்கள் , டொனால்ட் துருப்பு , ட்விட்டர் , தேசிய மேசை ஊழியர்கள் , தொடர்புடையது ப்ரெஸ் , மனநிலை , சின்ன , மேசை ஊழியர்கள் , அமெரிக்கன் பொருளாதார தாக்கம் , புதன்கிழமை அமெரிக்கர்கள் , ப்ரெஸிடெஂட் டொனால்ட் துருப்பு , வீடு திங்கட்கிழமை , குடியரசு வழிநடத்தியது செனட் , ரியான் இனிப்பு , ஸ்டிம்யுலஸ் , கொரோனா வைரஸ் ,