People who have been impacted by COVID-19 may take distributions of up to $100,000 in 2020 from their IRAs or company retirement accounts. The definition of being impacted by coronavirus is quite broad and includes yourself or a close family member being diagnosed with the virus, or experiencing financial difficulty due to the virus as...Read More

Anyone with an RMD (required minimum distributions) due in 2020 from a company plan – like your 401(k) or 403(b) plan, or an IRA – qualifies for the new rules under the waiver, including beneficiaries, and including those who turned 70 1/2 in 2019 and had to take their first RMD by April 1, 2020....Read More

The coronavirus pandemic has affected student loan borrowers, who are worried about their student loans and who have questions about options for financial relief. Excerpts from an article by Mark Kantrowitz, published on Forbes.com March 29, 2020, answer questions about the student loan payment pause and interest waiver, the impact of the coronavirus outbreak on...Read More