Skip to content

New Retirement Account Rules in Response to Coronavirus

April 20, 2020

From the U.S. News & World Report website

The Coronavirus Aid, Relief, and Economic Security Act allows retirement account owners to take withdrawals for emergency costs related to the coronavirus pandemic and partially delays the tax consequences. Workers will also be able to initiate bigger 401(k) loans and get a slightly longer repayment period for existing loans. Retirees can delay taking required minimum distributions from their depleted retirement accounts in 2020.

Learn more

From → Finance

Comments are closed.