Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Retirement Investing

Tax Impact of Stimulus' RMD Waiver, Early Withdrawals: Bloink & Byrnes

X
Your article was successfully shared with the contacts you provided.

The $2 trillion stimulus plan signed into law on March 28 due to the COVID-19 pandemic, includes a temporary waiver of required minimum distribution (RMD) rules for certain defined contribution plans and IRAs during 2020.

There are also special rules for use of retirement funds that waives the 10% early withdrawal penalty for distributions up to $100,000 from qualified retirement accounts for coronavirus-related purposes made this year.

Register now for our 30-minute webinar on Thursday, April 16, at 2:00 EDT. Hear from two expert sources about the tax implications of these withdrawals and other retirement issues in the CARES Act during our free ThinkAdvisor webcast:

  • ROBERT BLOINK, Esq., LL.M., has taught at Texas A&M University School of Law and Thomas Jefferson School of Law; and
  • WILLIAM BYRNES, Esq., LL.M., CWM, is an executive professor and associate dean of special projects at the Texas A&M University School of Law.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.