retirement plan borrowing

What qualifies as a “coronavirus-related distribution” from a retirement plan?

The Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain “coronavirus-related distributions” from their retirement plans without paying tax. So how do you qualify for a coronavirus-related distribution? The Early Distribution Basics In general, if you withdraw money from an IRA or eligible retirement plan

2021-04-12T14:53:53-06:00June 30th, 2020|

Offer Retirement Plan Loans? Be Sure to Set a Reasonable Interest Rate

Like many businesses, yours may allow retirement plan participants to take out loans from their accounts. Such loans are governed by many IRS and Department of Labor (DOL) rules and regulations. So if your company offers plan loans, your plan document must comply with current laws — including setting a

2021-04-12T14:58:05-06:00April 5th, 2017|
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