EP128: How CARES Act Waives Penalties For Withdrawal from Retirement Accounts

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Money Peach

Education


There are many changes to retirement distributions since the passing of the CARES Act. I will cover: • Waiving the ealy withdrawal penalty from retirement account • New rules for taking a loan against your retirement account • RMDs and how this could be used towards your advantage this year • Paying taxes on withdrawals and how it has changed • Current retirement plan loan and how that has changed for 2020 If you have a question, visit moneypeach.com/askpeach and you can leave an audio recording of your question that may be featured on the show. All show notes and links from this episode can be found at https://www.moneypeach.com/session128