Tag Archives: retirement plan
The Internal Revenue Service has announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020. The 60-day rollover period for any RMDs already taken this year has […]
— Read moreWhen you chose to move funds from one retirement plan, such as an IRA or Keogh plan, it is called a direct transfer. You can also perform a direct transfer from one company plan to another, or move your money from a company plan to a personal plan. During a direct transfer, you never handle […]
— Read moreThe Employee Retirement Income Security Act (ERISA) of 1974 requires compensation plans to follow certain requirements in order to be considered “qualified”. A 401(k) plan typically meets all of these requirements, and is considered a qualifying deferment compensation plan under the standards of the ERISA. A 401(k) is one in which your employer adds a […]
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