STRATA Blog CARES Act Waives RMDs in 2020

Just as we were all getting used to the SECURE Act rule changes, the rules changed again. After a few quiet years on the legislative front, two major bills affecting retirement savings have been passed in the last three months. The latest change comes with the Coronavirus Aid, Relief and Economic Security (CARES) Act. This $2.2 trillion relief package provides aid to businesses, hospitals, airlines, students, workers and taxpayers trying to manage life and finances amid the economic and healthcare emergencies caused by the COVID-19 outbreak. In addition to providing funds directly to industries and individuals, the CARES Act waives [...]The post CARES Act Waives RMDs in 2020 appeared first on STRATA Trust Company.