Please be aware that the Coronavirus Aid, Relief and Economic Security (CARES) Act provides for a one-year waiver of required minimum distributions (RMDs) from individual retirement accounts or individual retirement annuities (IRAs) and tax-qualified plans (including 403(b) plans and governmental 457(b) plans) for calendar year 2020
This communication is intended to provide general information on legislative COVID-19 relief measures as of the date of this communication and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, on the information provided. As legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that may modify some of the provisions in this communication. Some of those modifications may be significant. As such, be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed.