What can you tell me about the retirement account changes that Congress recently passed in response to the coronavirus crisis?
The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law by President Trump in late March. Tucked inside were a series of changes that can help retirement savers. These changes can help those in need of cash, as well as help preserve the retirement savings accounts of current retirees while the stock market is down. Here is a rundown of how three provisions in the CARES Act might help you or someone you know.
Normally, if you took money out of an employer-sponsored retirement plan or IRA before 59½, you...More