EP128: How CARES Act Waives Penalties For Withdrawal from Retirement Accounts
Money Peach
English - April 16, 2020 07:30 - 23 minutes - 23.7 MB - ★★★★★ - 150 ratingsEducation Business Investing budget debtpayoff entrepreneur financialfreedom investing money moneypeach peach savings Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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