Distributions from Retirement Plans

Distributions from Retirement Plans

The IRS recently issued guidance related to coronavirus-related distributions allowed under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Notice 2020-50 and Notice 2020-51 apply to qualified individuals, employers and eligible retirement plans. The...
Ground Rules for 401(k) Loans

Ground Rules for 401(k) Loans

If you need a source of cash for an emergency, you might turn to your 401(k) plan. When you take a loan from a plan, you borrow money from your own account, pay yourself back with interest and continue making contributions at the same time. Assuming your 401(k) plan...