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The CARES Act and Deferred Savings Accounts
In a post on baxterbulletin.com, The Savvy Senior’s Jim Miller addresses the retirement account changes implemented as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, specifically covering the matter of hardship withdrawals, loan limits, and required minimum distributions (RMDs). The CARES Act provision are intended, MIller notes, to help those with retirement savings access to cash during the current pandemic crisis, as well as to help those already retired preserve their savings during the volatile financial markets. Read his post here…