Planning in 2020: RMDs, Retirement Planning After the CARES Act

Posted on August 20, 2020

Retirement planning in 2020 was flipped on its head when Congress passed the CARES Act, a $2 trillion economic relief package aimed at helping both individuals and businesses. The impact on retirement planning was significant:

  • RMDs are eliminated in 2020
  • For those who already took RMDs, the 60-day rollover option was extended
  • The early withdrawal penalty from retirement accounts was removed
  • Qualified Charitable Contributions are left with lingering questions

Understanding the planning impact of these new rules is vital to helping your clients. Our Planning in 2020 guide overviews the provisions and addresses common questions left in the wake of the CARES Act.

Download the guide by filling out the form.

Download the Guide