CARES ACT IRA Withdrawal Rules – There are several factors to consider before withdrawing funds from your retirement plan if you need money now.
The CARES Act, short for the Coronavirus Aid, Relief, and Economic Security Act, provides over $2 trillion in relief for businesses and individuals, to battle the economic effects of COVID-19. In addition to cash relief for citizens and loan programs for small businesses, there are other supports for hospitals, medical providers, and industries. Also, IRA […]
Thanks to the CARES Act, most Americans will see some relief during this crisis. This includes easier access to use retirement funds as a last resort.
When deciding on an investment, you may wonder if it’s okay to partner with an IRA. In general, it’s not usually wise to mix personal with IRA funds. The complicated rules set forth by the IRS may make co-mingling funds a difficult task. In the following, we’ll discuss the rules for investing with an IRA. […]
In general, IRAs and other retirement plans are not overly complicated to use. However, there are several important IRA rules you should be aware of. This is especially true for Self-Directed IRAs. Failure to follow the rules may disqualify your plan. Thus, all funds and investments held by your Self-Directed IRA will be distributed to […]