Reuters: Retirement Grades for Historic $2 Trillion Coronavirus Relief Law.
Reuters: Retirement Grades for Historic $2 Trillion Coronavirus Relief Law.
The Coronavirus Aid, Relief, and Economic Security Act (CARES) Act has passed both houses of Congress and on Friday was signed by President Donald Trump, codifying the historic measure into law which is aimed at providing relief to American workers and businesses affected by the COVID-19 coronavirus pandemic. The law also contains several key provisions for people at or near retirement, relaxing some of the rules in place that govern the tapping of retirement savings.
One of the provisions of the new bill allows a retiree to be able to take a coronavirus-related distribution of up to $100,000 from a retirement plan or IRA without the normally-included 10% early withdrawal penalty if they are under the age of 60, while the bill also reportedly relaxes rules around retirement plan loans, allowing you to borrow up to double the previously-allowed amount – a maximum of $100,000 – from a 401K plan.
Read from source: “Click Me”
Questions, Comments or For more information you can call Christian Penner Branch Manager at 561-316-6800 or email us at TheMortgageTeam@ChristianPenner.com
Approval Hotline: 561-316-6800
Helping You Achieve the American Dream of Home Ownership
 |  |  |
 |  |  |
 |  |  |
Or You can click “Call Me” below to call Christian Penner directly using Google Voice
Christian Penner, Branch Manager Mortgage Broker West Palm Beach talks about Real Estate West Palm Beach. He also serves other Local Areas and provides home Mortgage Solutions for Palm Beach Gardens, Jupiter, Boca Raton, Wellington and Tequesta. Christian Penner Mortgage Broker Jupiter has the lowest mortgage rates and the best home mortgage programs like; Jumbo loans, FHA Home Loans, VA Home Loans, Reverse Mortgage Home Loans, Freddie Mac Home Loans, Fannie Mae Home Loans and HARP Mortgage Loans. Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 18 years with his Home Loan Lending Needs and Works with The Christian Penner Mortgage Team. Ask Me About A Mortgage, Palm Beach Mortgage Lender, West Palm Beach Mortgage Lender, Palm Beach Gardens Mortgage Lender.
712 U.S. Highway 1 North #300, North Palm Beach, FL 33408 |
– – –
ChristianPenner.com
– “Reuters: Retirement Grades for Historic $2 Trillion Coronavirus Relief Law.” –
The Christian Penner Mortgage Team | Cell/Text: (561) 316-6800
