As Congress looks for ways to help businesses and individuals with the financial repercussions from the COVID-19 virus, the American Retirement Association (ARA) is pushing for a solution that involves relief from certain plan provisions.
As Congress looks for ways to help businesses and individuals with the financial repercussions from the COVID-19 virus, the American Retirement Association (ARA) is pushing for a solution that involves relief from certain plan provisions.
Topics: retirement plans, Bernard Kaplan, 401(k), the SECURE Act, retirement planning, COVID19, Coronavirus, Families First Coronavirus Response Act, COVID-19
While changes made by the Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act) are important, we expect considerable relaxation of the laws related to retirement plans once legislation is passed. We will keep you informed as we learn more. Recently, Congress passed SECURE Act) This Act makes a number of changes that impact retirement plans, IRAs, and individual retirement and estate planning strategies. The following highlights many of the provisions of the SECURE Act.
Topics: retirement plans, Bernard Kaplan, 401(k), Required Minimum Distribution (RMD), defined contribution plans, the SECURE Act, retirement planning