The CARES Act & Your Retirement Plan 

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, 2020. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. The CARES Act contains special provisions for coronavirus-related distributions and loans from individual retirement plans. In addition, certain required minimum distributions (RMDs) for individual retirement plans have been suspended for 2020. The following link will take you to a summary of the CARES Act retirement plan provisions.

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