COVID-19 Stimulus Package Provides Penalty-Free Relief for Retirement Savers, Retirees and Plan Administrators By Sean Deviney, CFP®*
The Coronavirus, Aid, Relief and Economic Security Act (CARES Act), signed into law on March 27, 2020, offers individuals the ability to tap into their retirement savings plans, including IRAs and 401(k)s, to access needed funds without incurring early-withdrawal penalties. This relief is similar to the way in which the IRS lifts restrictions to defined contribution […]