There is still confusion about the new retirement withdrawal rules - The Motley Fool

There have been a lot of changes this year especially when it comes to retirement withdrawal rules. Although these rules have been in effect for months, CARES Act was signed into law on March 27th; there is still a lot of confusion about them. According to a recent TD Ameritrade survey, only about one in five Americans appear to understand how retirement distributions work now. This means a lot of people are putting themselves at risk of making some poor financial choices that could cost them in the long run. In Kailey Hagen’s article appearing on www.fool.com, she explains how understanding the new rules can help you figure out which is the right move for you. Read Ms. Hagen’s article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.
