CARES Act Relief for Retirement Account Withdrawals and Plan Loans The Coronavirus Aid, Relief, and Economic Security (CARES)Act, signed by President Trump on March 27, 2020, includes important retirement account withdrawal and plan loan relief. This new law allows qualified individuals to take …
April 2020
Government Responds to COVID-19 Federal Tax Filing and IRA Contribution Deadline Extended On March 20, Treasury Secretary Steven Mnuchin announced the tax- filing deadline for 2019 federal income tax returns has been extended from April 15 to July 15, 2020 (IRS Notice 2020-18). Taxpayers will …
March 2020
The Age 701⁄2 Conundrum Lives On With the arrival of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, hope was that the clumsy and confusing number 701⁄2 in the tax code would not survive. This arbitrary number seemed to exist for no reason other than to bewilder …
February 2020
SECURE Act: Ch-Ch-Ch-Ch-Changes! Turn and Face the Strange Following David Bowie’s lyrical advice, we turn the calendar and face a strange new retirement world. The Setting Every Community Up for Retirement Enhancement (SECURE) Act was attached to this year's spending bill and signed into law …
January 2020
The SECURE Act Becomes Law Tucked away inside this mammoth piece of legislation is the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which includes significant changes to retirement accounts and easily became our "Top IRA Ruling" of 2019. Download Ed Slott's January …