Posts Tagged ‘COVID-19’

Mid-aged man helps older woman determine her required minimum distribution amounts for 2021

Key Points The one-year waiver of required minimum distributions (RMDs) for retirement accounts that were authorized under the CARES Act is over. The SECURE Act in 2019 changed some rules regarding RMDs which will now be in effect. Those that are 72 years and older will need to start taking their RMDs this year to…

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Close up of two people reviewing financial documents

On February 12, 2021, the House Ways and Means Committee approved additions to the new COVID-19 relief package that will most likely be approved by the end of February. It includes key elements related to single-employer plans including 401(k) and defined benefit plans.   The legislation is being prepared to come up for a House vote on February…

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Washington D.C. Government building

“Americans can always be trusted to do the right thing, once all other possibilities have been exhausted.” Winston Churchill As we close 2020, Congress has finally agreed on a COVID-19 relief package. To quote Winston Churchill, “Americans can always be trusted to do the right thing, once all other possibilities have been exhausted.” With a…

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