COVID-19 Relief Available for Retirement Plans and IRAs
- Required minimum distributions are waived in 2020.
- Distributions related to coronavirus:
- Are not subject to the 10% early distribution tax
- Can be included in income over 3 years
- Can be repaid over 3 years.
- Plan loan limits and repayments may be extended.
Information for Individuals
Retirement Planning
Contributions & Withdrawals
- Contribution limits
- Required minimum distributions (RMD)
- Calculating RMDs
- Hardship, early withdrawals, loans
- Tax on early withdrawals
- Rollovers and conversions
Retirement Plan Administration
Choosing Your Plan
- Choosing a retirement plan
- Individual Retirement Arrangements (IRAs)
- Retirement plans for self-employed people
- Retirement plan resources for small businesses
Maintaining Your Plan
- Correcting plan errors
- General retirement plan operation and maintenance
- Apply for a determination letter
- Amend or update a plan
- Interest rate tables
- Actuarial tables
- Terminating a plan
- Resources for benefits practitioners