Between stock market upheaval, campus closings and major regulatory and tax changes, the COVID-19 pandemic has inserted a great deal of complexity into education planning. If you’re currently paying for college or repaying a student loan, the following Q&A addresses three education financing changes you should be aware of.

The massive $2 trillion CARES (for Coronavirus Aid, Relief and Economic Security) Act, passed by Congress on March 27, 2020, is intended to bolster an economy ravaged by the effects of COVID-19. In addition to direct payments and loans for both individuals and businesses, there are also several provisions dealing with your financial and tax planning, both now and into the future.

Think about how much the world has changed since the end of 2019. Given all this economic upheaval, it’s understandable if any financial goals you might have set for yourself at year’s end already seem out of reach. Yet despite the current environment of broad market instability and low interest rates, there are several long-term planning opportunities you can take advantage of now.

A financial plan is like a house; it was never intended that one model would fit all your needs over the course of a lifetime. Instead, your plans must evolve over time as your goals, your family and your income level change. While your principles remain the same throughout your life, the tactics you use to achieve your financial goals change with the decades.

One of the most visible aspects of the new SECURE Act is the removal of the age cap on contributing to a traditional IRA, which previously had come into play starting in the year you turn 70. But there’s another cap that’s been increased, one that could also affect your long-term plans: The law raises the prescribed beginning date for taking required minimum distributions (RMDs) from age 70 ½ to 72.

For so many of us, family is paramount. You probably expect to use your wealth to take care of your family in the here and now—health care, travel, college tuition and the like. But chances are you haven’t thought nearly as much about positioning your assets so they’re ready and able to help the people you love after you’re gone. Even if you have made some headway in this area, your plan for your estate is probably a little—and maybe a lot—out of date.