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Financial Planning Aug 2020 - "Borrowing From Your Retirement Plan: New CARES Act Rules"

Financial Planning Aug 2020 - "Borrowing From Your Retirement Plan: New CARES Act Rules"

Excerpt

Borrowing From Your Retirement Plan: New CARES Act Rules

It’s been nearly half a year since Americans first became widely aware of the coronavirus contagion within the United States. While for a brief month it looked as if we had the virus in hand, since then it has spread wildly out of control in many areas.

People who did not suffer dramatic financial consequences in the early stages of the pandemic could see some hard days ahead. For this reason, it’s a good idea to become familiar with the new relaxed rules associated with withdrawals from tax-advantaged retirement plans...................

 

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