The SECURE Act increased the age at which Required Minimum Distributions (RMDs) must be made from 70-1/2 to 72. The CARES Act waived RMDs for 2020 (including initial RMDs that would have normally been required by April 1,...more
On May 4, 2020, the IRS published “Coronavirus-Related Relief for Retirement Plans and IRAs Questions and Answers,” providing interpretive guidance for plan administrators, employers, and plan participants on the retirement...more
The CARES Act contains several provisions impacting employer-sponsored individual account retirement plans (such as 401(k) plans, 403(b) plans, qualified profit sharing plans and governmental 457(b) plans), which are...more