"Distributions" Articles

CARES Act

CARES Act Update

The IRS has provided guidance on a variety of retirement plan related topics recently. On Friday, June 19, 2020, the IRS Issued Notice 2020-50 which provides additional guidance on Coronavirus Related Distributions and the CARES Act participant loan rules. The... Read more
Hot Topic

Required Minimum Distributions

The law requires that participants who have attained a certain age and are no longer working begin taking distributions from their retirement accounts. These distributions are called Required Minimum Distributions (RMDs) and they are calculated based on the life expectancy... Read more

New 401(k) Hardship Rules Beginning in 2019

Things are getting easier for participants who need to take a hardship withdrawal. Effective for plan years starting after December 31, 2018, and subject to a plan amendment, if your plan allows hardship distributions, participants will be able to withdraw... Read more
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