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The CARES Act and Your Retirement Accounts

Retirement Funding Insights

The CARES Act significantly impacts Required Minimum Distributions (RMDs) for 2020. This video applies to those currently taking or just starting to take their Required Minimum Distributions from their retirement accounts in 2019-2020. For our clients who are not at that stage yet, we encourage you to forward this video to anyone you think could use this information, especially since a key deadline within the CARES Act is rapidly approaching at the end of August.

For information purposes only. Opinions expressed herein are solely those of Droms Strauss Wealth Management, unless otherwise specifically cited.  Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties' informational accuracy or completeness.  All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indexes are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns.