The coronavirus pandemic has changed the American economy in profound ways and the government has reacted swiftly, providing stimulus funds and putting special rules in place to aid those who are struggling. Some of those special rules apply to withdrawals and distributions from retirement plans -- but they can be confusing.
To ensure people who need to tap into their retirement accounts understand what their options are, the IRS recently released some answers to frequently asked questions about coronavirus-related relief for retirement plans. Here are some of the key things they want you to know.
Continue reading