Mat Sorensen, Stimulus Bill, IRA and 401(k)

[David Dachtera]

This was posted to Facebook today. It's a graphic, so I can't just copy and paste the text ...

(Click on it to make it full screen - it should open in a new window.)

Mat included this:

"I'm excited to announce that I'm writing at Entrepreneur and that my first article is up, "New Stimulus Bill Unlocks IRA and 401(k) Dollars for Financially Affected" (link to article deleted). The 401(k) loan limits increased from $50K to $100K, and there are new penalty free early IRA and 401(k) distributions up to $100K for those financially affected. Also, the RMD requirement in 2020 is waived for everyone."

Mat Sorensen is a recognized expert on self-direction and retirement accounts. He is also a partner at KKOS Lawyers (the "S") and is a Renatus instructor.

Hope this is useful ...