Archive

IRS ISSUES Q&AS ON CORONAVIRUS-RELATED RELIEF FOR IRAs AND RETIREMENT PLANS

Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, special rules were implemented to provide relief to Americans impacted by the pandemic. This relief includes providing easier access to retirement and IRA funds for those who need it through special distribution options and rollover rules, as well as permissible loans from certain retirement plans. The 14 Q&As released by the IRS addresses questions by both individuals and administrators related to the relief for retirement […]

Read More…