There are many changes to retirement distributions since the passing of the CARES Act. I will cover:
• Waiving the ealy withdrawal penalty from retirement account
• New rules for taking a loan against your retirement account
• RMDs and how this could be used towards your advantage this year
• Paying taxes on withdrawals and how it has changed
• Current retirement plan loan and how that has changed for 2020
If you have a question, visit moneypeach.com/askpeach and you can leave an audio recording of your question that may be featured on the show.
All show notes and links from this episode can be found at https://www.moneypeach.com/session128
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EP169: What is "Infinite Banking" and is it a Scam?
EP168: Building Wealth through Multifamily Real Estate Investing with Gino Barbaro
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EP164: What is the BEST Mortgage For Me Right Now?
EP163: Financial Independence in Her 30s with Diania Merriam
EP162: How Does a HELOC Work and Is It Right for Me?
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EP156: How I'm Picking Winning Stocks that Beat the Market
EP155: The 4 BEST Retirement Investment Accounts in 2021
EP154: How to Get Started Investing in 2021
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