We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
On March 27, the president signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) as part of the $2 trillion stimulus package intended to stabilize the economy during the devastating coronavirus pandemic. The CARES Act provides for a temporary waiver of required minimum distributions (RMDs) that would otherwise be payable in 2020 for IRC Section 403(a) and 403(b) defined contribution plans, governmental IRC Section 457(b) defined contribution plans, and individual retirement plans.
