Repaying a Coronavirus Related Distribution

The Coronavirus Related Distribution from a qualified retirement plan has a very unique feature in that you can pay it back within 3 years as if you never took the money out in the first place. If you took a coronavirus-related distribution last year, you have some special tax planning options with it over the next few years. We’ll explain and help you make a great decision on this episode of Wise Money!

Season 6 Episode 45

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This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.