Daily Archives: July 20, 2020

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CARES Act Update: Additional Guidelines Regarding Coronavirus-Related Distributions from Tax-Deferred Accounts

Blog, Coronavirus, RetirementBy Editorial Team July 20, 2020

The IRS has issued guidance to assist employers and plan administrators on how to report coronavirus-related distributions and how individuals may report these distributions on their individual federal income tax returns.

CARES Act: 60-Day Rollover as Roth Conversion

Case Study, Coronavirus, RetirementBy Editorial Team July 20, 2020

The “Money Talks” financial experts discuss a unique opportunity that 2020 brings—the ability to roll what would have been a 2020 RMD into a Roth IRA. They also cover the nuances of this move as well as why it may be beneficial to some investors.