Did you know that Congress passed a new act on March 27th, 2020 that directly impacts your employer sponsored plan?
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows for one time distributions of up to $100,000 from your employer plan such as a 401(k). The catch is, you have to do it this year!
This is a PENALTY FREE distribution no matter how old you are. On top of being penalty free - You can pay the taxes over the next three years.
Join Janie Kelly, Managing Partner of Kelly Capital Partners for a short but intensive 30-minute webinar to uncover the following:
- How to qualify for a distribution
- Options on how to re-invest your distribution to maximize your benefits
- The future tax impact of taking a distribution in 2020
To book an appointment, click here: