Between the SECURE Act’s passage at the end of 2019 and the CARES Act’s passage amid the coronavirus pandemic in 2020, Americans might be struggling to keep all of the changes to retirement and tax laws straight.
When it comes to retirement planning there have been a number of changes to how you can access money, required minimum distributions (RMDs) and IRA rollovers. While many of the SECURE Act changes were more permanent in nature, a lot of the relief efforts in the CARES Act are more temporary and require Americans to stay on top of all modifications.