In the May 2020 issue of Retire Ahead, a monthly newsletter released by Tribune Publishing, Tate Taylor answers key questions regarding the impact the provisions to the CARES Act is having on retirement finances.
“These changes may provide important financial relief to individuals facing adverse financial consequences as a result of coronavirus,” explains Taylor.
Throughout the discussion, Taylor discusses the CARES’ Act provisions to waive retirement accounts’ required minimum distributions and allow up to $100,000 of penalty-free distribution, including account qualifications, financial thresholds and important deadlines to consider.
To read the full Q&A, please click here (pages 9-11).
