EP128: How CARES Act Waives Penalties For Withdrawal from Retirement Accounts
Apr 16, 2020•23 min•Ep. 128
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
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
For the best experience, listen in Metacast app for iOS or Android
Open in Metacast