IRA Update - Information and Clarification
Most everyone would agree that seeing the ball drop on New Year's Eve ending the 2020 "crazy year" is a great thing. But what does it mean in the IRA World? At the end of 2019 the SECURE Act was signed into law and made effective 12 days later on January 1, 2020. Just when we were finally getting the details on all the new changes, COVID struck. In March, the CARES Act was signed into law giving IRA owners and beneficiaries relief from required distributions and the ability to access IRA funds penalty-free for COVID-Related Distributions (CRD). The bonus is these funds can be repaid within 3 years and the taxes paid on the original amount can be refunded. As you can see, this fact-filled 2 hour Webinar is an annual necessity to keep you up-to-date.