Cares Act Includes Relief For Retirement Account Owners
On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law. Notably, several provisions of the CARES Act deal with retirement accounts and offer relief to retirement account owners and/or beneficiaries in a variety of ways.
Below is a Frequently Asked Questions (FAQ) document that summarizes some top-of-mind questions you may have about this aspect of the new law, as well as provide an understanding of Coronavirus-Related Distributions and how they could impact you.
To read the entire FAQ Click Here
Please be aware that some custodians allow clients to setup automatic Required Minimum Distributions (RMD). Please contact us if you want to stop your RMD for 2020.