SGN from SNFP Webinars
We are proud to present SGN from SNFP - Some Good News from Special Needs Financial Planning! We are hosting a weekly 15 minute Lunch-n-Learn webinar series focused on actions families can take while they are at home together to help them plan for the future.
April 10, 2020 @ 12 PM EST. National Siblings Day. 👫Honor your family member by attending our webinar, It's Time to Complete your Letter of Intent.
There is no time like the present to complete your LOI but this is a big document; where to start and what to focus upon? We will share tips on what your family should be thinking about when completing key areas of the LOI, as well as who should be involved, where it should be saved and how often to update it. Click the button below or email Alex Nadworny to RSVP and submit questions in advance.
More About the CARES Act: Your RMD is not R for 2020.The CARES Act (Coronavirus Aid, Relief and Economic Security Act) was signed into law last week and in addition recovery rebates, the law makes some provisions for retirement plans and accounts.Specifically:
- It waives Required Minimum Distributions (RMDs) for the calendar year 2020 for IRAs, 401(k) plans, section 403(b) plans, and section 457 plans.
- It permits coronavirus-related distributions without penalty for those who have been, or whose spouse or dependent has been diagnosed with the virus and have experienced certain adverse financial consequences as a result.
- Plan loans have been broadened for 180 days beginning on the date of the Act to a maximum of $100,000 instead of $50,000 and an account balance limit of 100% instead of 50%.
Please contact your financial advisor to discuss what this might mean for you. To read more about the provisions of the CARES act, click here.