Ability to Take Early Withdrawals from Retirement Plan Without Penalty Expires Soon

Early Retirement Withdrawal

Those that are experiencing financial hardship due to the coronavirus pandemic, may want to consider withdrawing money from retirement accounts while they can still avoid a penalty. The special exemption allowing early withdrawals without a penalty ends soon. Passed in Read More …

CARES Act RMD Waiver, 60-Day Rollover Extension and July 15th Deadline

Rolling Over Your RMD Because of Corona virus

Retirement account owners, many of whose retirement balances have been pummeled by a stock market drop due to the coronavirus pandemic, do not have to take mandatory withdrawals this year. Typically there are rules mandating Required Minimum Distributions, or RMDs, Read More …

Must Read: Three Ways Coronavirus Relief Changes Retirement Account Tax Rules

coronavirus retirement plan changes

Those of you familiar with Joseph L. Motta, LPA know that we typically focus our blogs, posts and updates on estate planning, long term care planning and special needs planning. However, we will be expanding our topics to provide expertise Read More …